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

Wyndham Hotels & Resorts (NYSE:WH) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.22-4.34 for the period, compared to the consensus earnings per share estimate of $4.27. Wyndham Hotels & Resorts also updated its FY 2024 guidance to 4.220-4.340 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WH shares. The Goldman Sachs Group assumed coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. Stifel Nicolaus cut their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday. Truist Financial dropped their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Robert W. Baird set a $92.00 target price on shares of Wyndham Hotels & Resorts in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $90.63.

Wyndham Hotels & Resorts Stock Down 2.4 %

NYSE:WH traded down $1.99 during mid-day trading on Wednesday, hitting $81.39. The stock had a trading volume of 1,330,507 shares, compared to its average volume of 742,335. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $83.38. The stock has a 50-day simple moving average of $78.53 and a two-hundred day simple moving average of $74.71. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $6.56 billion, a PE ratio of 28.80, a PEG ratio of 2.87 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The business had revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. On average, equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.26 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the sale, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the transaction, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at $315,006.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,640 shares of company stock valued at $974,351. 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.