Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) issued its earnings results on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10, Briefing.com reports. Wyndham Hotels & Resorts had a return on equity of 44.95% and a net margin of 18.28%. The business had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. During the same period last year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Wyndham Hotels & Resorts updated its FY24 guidance to $4.20-4.32 EPS and its FY 2024 guidance to 4.200-4.320 EPS.
Wyndham Hotels & Resorts Stock Up 0.0 %
NYSE:WH traded up $0.02 during midday trading on Friday, reaching $76.62. The company had a trading volume of 259,703 shares, compared to its average volume of 761,488. Wyndham Hotels & Resorts has a 12-month low of $65.63 and a 12-month high of $81.73. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 2.54 and a beta of 1.34. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.27. The stock’s fifty day simple moving average is $72.24 and its 200-day simple moving average is $74.89.
Wyndham Hotels & Resorts Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on WH
Insiders Place Their Bets
In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the transaction, the chief executive officer now directly 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 is accessible through this link. In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michele Allen sold 1,264 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $69.46, for a total transaction of $87,797.44. Following the completion of the transaction, the chief financial officer now owns 24,997 shares of the company’s stock, valued at approximately $1,736,291.62. The disclosure for this sale can be found here. Insiders have sold a total of 206,933 shares of company stock worth $15,130,227 in the last quarter. 2.79% of the stock is owned by company insiders.
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.
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