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

Wyndham Hotels & Resorts (NYSE:WH) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.220-4.340 for the period, compared to the consensus earnings per share 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 Stock Performance

NYSE WH traded up $0.45 during trading hours on Friday, hitting $90.47. The company’s stock had a trading volume of 584,083 shares, compared to its average volume of 748,071. The company has a market cap of $7.15 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 3.00 and a beta of 1.33. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50 day simple moving average is $78.98 and its two-hundred day simple moving average is $74.86. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $91.58.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. Wyndham Hotels & Resorts’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. As a group, sell-side analysts expect that Wyndham Hotels & Resorts will post 4.26 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 49.51%.

Wall Street Analyst Weigh In

Several research firms have recently commented on WH. Stifel Nicolaus upped their price objective on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. Truist Financial upped their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird boosted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group began coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price on the stock. Finally, StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $92.57.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.79% of the stock is owned by 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.