Wyndham Hotels & Resorts (NYSE:WH) Issues FY24 Earnings Guidance

Wyndham Hotels & Resorts (NYSE:WH) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $4.18-4.30 for the period, compared to the consensus EPS estimate of $4.20. Wyndham Hotels & Resorts also updated its FY 2024 guidance to 4.180-4.300 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WH shares. StockNews.com started coverage on Wyndham Hotels & Resorts in a research report on Friday, April 19th. They set a hold rating on the stock. Robert W. Baird cut their target price on Wyndham Hotels & Resorts from $87.00 to $86.00 and set an outperform rating on the stock in a research note on Friday, April 19th. Finally, Barclays cut their target price on Wyndham Hotels & Resorts from $90.00 to $87.00 and set an overweight rating on the stock in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $88.00.

Wyndham Hotels & Resorts Price Performance

WH stock traded up $3.53 during trading on Thursday, reaching $75.49. The company’s stock had a trading volume of 1,181,957 shares, compared to its average volume of 672,411. Wyndham Hotels & Resorts has a 1 year low of $63.69 and a 1 year high of $81.73. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $6.12 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 2.97 and a beta of 1.35. The company’s fifty day moving average is $75.59 and its 200-day moving average is $76.67.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The firm had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. During the same quarter last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, research analysts expect that Wyndham Hotels & Resorts will post 4.19 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.01%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 44.71%.

Insider Activity at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the transaction, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at $900,916. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.79% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.