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 4.200-4.320 for the period, compared to the consensus estimate of 4.240. The company issued revenue guidance of -. Wyndham Hotels & Resorts also updated its FY24 guidance to $4.20-4.32 EPS.

Wyndham Hotels & Resorts Price Performance

WH traded down $3.52 during trading on Wednesday, reaching $70.54. The company’s stock had a trading volume of 1,871,538 shares, compared to its average volume of 754,531. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27. The firm has a fifty day simple moving average of $72.14 and a two-hundred day simple moving average of $74.87. Wyndham Hotels & Resorts has a 1 year low of $65.63 and a 1 year high of $81.73. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.60 and a beta of 1.34.

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

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 53.90%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WH shares. Susquehanna started coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a neutral rating and a $80.00 target price on the stock. Barclays lifted 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 report on Friday, April 26th. StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a research report on Saturday, June 22nd. They set a hold rating on the stock. Finally, Robert W. Baird lifted 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 report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $85.67.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business’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 owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the completion of the transaction, the chief executive officer now owns 377,712 shares in the company, valued at $27,708,952.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott R. Strickland sold 4,076 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 28,912 shares of the company’s stock, valued at approximately $1,960,522.72. The disclosure for this sale can be found here. Insiders have sold a total of 206,933 shares of company stock valued at $15,130,227 over the last quarter. 2.79% of the stock is owned by company 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.