Wyndham Hotels & Resorts (NYSE:WH) Releases FY 2024 Earnings Guidance

Wyndham Hotels & Resorts (NYSE:WH) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 4.220-4.340 for the period, compared to the consensus EPS estimate of 4.270. The company issued revenue guidance of -. Wyndham Hotels & Resorts also updated its FY24 guidance to $4.22-4.34 EPS.

Wyndham Hotels & Resorts Price Performance

NYSE:WH traded down $1.99 during trading hours on Wednesday, reaching $81.39. 1,330,507 shares of the company’s stock were exchanged, compared to its average volume of 742,335. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $6.56 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 2.87 and a beta of 1.33. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $83.38. The business’s 50-day simple moving average is $78.53 and its two-hundred day simple moving average is $74.71.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.10. The business had revenue of $367.00 million during the quarter, compared to analyst estimates of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. Sell-side analysts expect that Wyndham Hotels & Resorts will post 4.26 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 53.90%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WH. Truist Financial cut their price objective on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Robert W. Baird set a $92.00 price target on shares of Wyndham Hotels & Resorts in a report on Thursday, October 17th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus cut their target price on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.63.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the transaction, the chief accounting officer now owns 4,107 shares in the company, valued at $315,006.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock valued at $974,351 in the last quarter. Company insiders own 2.79% of the company’s stock.

About Wyndham Hotels & Resorts

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.