Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03, Briefing.com reports. The firm had revenue of $305.00 million for the quarter, compared to the consensus estimate of $308.24 million. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 39.89%. Wyndham Hotels & Resorts’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. Wyndham Hotels & Resorts updated its FY24 guidance to $4.18-4.30 EPS and its FY 2024 guidance to 4.180-4.300 EPS.
Wyndham Hotels & Resorts Stock Performance
WH stock opened at $75.41 on Friday. 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 stock has a market cap of $6.11 billion, a P/E ratio of 26.74, a P/E/G ratio of 2.99 and a beta of 1.35. The firm has a 50 day simple moving average of $75.59 and a 200 day simple moving average of $76.67. Wyndham Hotels & Resorts has a 52 week low of $63.69 and a 52 week high of $81.73.
Wyndham Hotels & Resorts Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.38 per share. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Thursday, March 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.
Analyst Ratings Changes
Get Our Latest Stock Report on WH
Insider Buying and Selling
In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at $900,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.79% of the stock is currently owned by corporate 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.
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