Wyndham Hotels & Resorts (NYSE:WH) to Repurchase $400.00 million in Outstanding Shares

Wyndham Hotels & Resorts (NYSE:WH) announced that its board has authorized a stock repurchase plan on Tuesday, September 29th, RTT News reports. The company plans to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WH shares. Susquehanna cut their target price on shares of Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Barclays dropped their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. JPMorgan Chase & Co. cut their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Wells Fargo & Company raised their target price on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a research report on Wednesday, July 8th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.64.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH traded up $1.65 during midday trading on Tuesday, reaching $72.48. The company had a trading volume of 1,351,880 shares, compared to its average volume of 1,191,827. The company’s 50 day moving average price is $72.61 and its 200 day moving average price is $78.39. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 5.53. The stock has a market cap of $5.38 billion, a P/E ratio of 26.65, a P/E/G ratio of 1.83 and a beta of 0.62. Wyndham Hotels & Resorts has a 52-week low of $66.87 and a 52-week high of $90.35.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Wyndham Hotels & Resorts had a net margin of 14.67% and a return on equity of 74.22%. The business had revenue of $375.00 million during the quarter, compared to the consensus estimate of $400.75 million. During the same quarter last year, the company posted $1.33 earnings per share. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. Wyndham Hotels & Resorts has set its FY 2026 guidance at 4.710-4.830 EPS. As a group, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.81 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio is 63.24%.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey Ballotti sold 19,414 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $72.71, for a total value of $1,411,591.94. Following the completion of the sale, the chief executive officer directly owned 549,323 shares of the company’s stock, valued at $39,941,275.33. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is owned by corporate insiders.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc is a global hotel franchising company that provides branding, marketing, reservation, loyalty and other support services to independently owned and operated hotels. Its portfolio is focused primarily on the economy and midscale segments of the lodging industry.

The company’s brand portfolio includes well-known names such as Wyndham, Ramada, Days Inn, Super 8, La Quinta, Travelodge, Baymont, Microtel, Wingate, AmericInn, Econo Lodge, Howard Johnson, Dolce and Registry Collection Hotels.