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 (EPS) guidance of 4.180-4.300 for the period, compared to the consensus estimate of 4.210. The company issued revenue guidance of -. Wyndham Hotels & Resorts also updated its FY24 guidance to $4.18-4.30 EPS.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH traded down $1.57 during mid-day trading on Friday, hitting $73.79. The stock had a trading volume of 1,165,810 shares, compared to its average volume of 687,669. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average of $75.51 and a two-hundred day moving average of $76.66. Wyndham Hotels & Resorts has a twelve month low of $63.69 and a twelve month high of $81.73. The firm has a market cap of $5.98 billion, a PE ratio of 26.17, a PEG ratio of 2.99 and a beta of 1.35.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 39.89% and a net margin of 17.19%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.86 EPS. Research analysts predict that Wyndham Hotels & Resorts will post 4.19 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.38 per share. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, March 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WH. StockNews.com began coverage on Wyndham Hotels & Resorts in a research report on Friday, April 19th. They set a hold rating on the stock. Robert W. Baird raised their price target on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an outperform rating in a research note on Friday. Finally, Barclays raised their price target on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an overweight rating in a research note on Friday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts has an average rating of Moderate Buy and an average target price of $88.43.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the transaction, the chief accounting officer now owns 11,404 shares in the company, valued at $900,916. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.