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

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

Wyndham Hotels & Resorts Stock Up 0.6 %

NYSE WH traded up $0.46 on Wednesday, reaching $71.96. 883,113 shares of the stock traded hands, compared to its average volume of 666,344. Wyndham Hotels & Resorts has a 12 month low of $63.69 and a 12 month high of $81.73. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 3.18 and a beta of 1.35. The company has a fifty day moving average price of $75.72 and a 200-day moving average price of $76.71. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.81.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $321.35 million. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. As a group, research analysts forecast that Wyndham Hotels & Resorts will post 4.22 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s payout ratio is 44.71%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WH. Robert W. Baird decreased their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $86.00 and set an outperform rating for the company in a research report on Friday, April 19th. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a report on Friday, April 19th. They issued a hold rating on the stock. Finally, Barclays cut their price target on Wyndham Hotels & Resorts from $90.00 to $87.00 and set an overweight rating on the stock in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $88.00.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the sale, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at approximately $900,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.