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

Wyndham Hotels & Resorts (NYSE:WH) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $4.20-4.32 for the period, compared to the consensus EPS estimate of $4.24.

Wall Street Analyst Weigh In

Several brokerages have commented on WH. Susquehanna began coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a neutral rating and a $80.00 target price for the company. StockNews.com began coverage on Wyndham Hotels & Resorts in a research note on Saturday, June 22nd. They set a hold rating for the company. Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Finally, Barclays boosted their target price on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an overweight rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of Moderate Buy and a consensus target price of $85.67.

Wyndham Hotels & Resorts Trading Down 4.9 %

Shares of NYSE:WH traded down $3.64 during midday trading on Wednesday, hitting $70.42. 1,857,994 shares of the stock were exchanged, compared to its average volume of 754,437. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 2.60 and a beta of 1.34. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50-day moving average price is $72.13 and its 200 day moving average price is $74.91. Wyndham Hotels & Resorts has a 12 month low of $65.63 and a 12 month high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The business had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $308.24 million. During the same period in the prior year, the business posted $0.86 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. Analysts predict that Wyndham Hotels & Resorts will post 4.25 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.16%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s payout ratio is presently 53.90%.

Insider Activity at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 196,279 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the sale, the chief executive officer now directly owns 377,712 shares in the company, valued at $27,708,952.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,076 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $67.81, for a total transaction of $276,393.56. Following the transaction, the insider now directly owns 28,912 shares in the company, valued at approximately $1,960,522.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the transaction, the chief executive officer now owns 377,712 shares in the company, valued at $27,708,952.32. The disclosure for this sale can be found here. Insiders have sold 206,933 shares of company stock worth $15,130,227 over the last ninety days. Insiders own 2.79% of the company’s stock.

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.