Wyndham Hotels & Resorts (NYSE:WH) Announces Quarterly Earnings Results

Wyndham Hotels & Resorts (NYSE:WH) released its quarterly earnings results on Wednesday. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01, Briefing.com reports. The company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 earnings per share. Wyndham Hotels & Resorts updated its FY24 guidance to $4.22-4.34 EPS and its FY 2024 guidance to 4.220-4.340 EPS.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $90.06 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $90.29. The business has a 50 day simple moving average of $78.98 and a 200-day simple moving average of $74.86. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 3.00 and a beta of 1.33.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.69%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 49.51%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, 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 value of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.79% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WH. Stifel Nicolaus raised their price target on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. Truist Financial dropped their target price on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a research note on Monday, October 14th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective for the company. Finally, Barclays upped their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.57.

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.