Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01, Briefing.com reports. The business had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 EPS. Wyndham Hotels & Resorts updated its FY24 guidance to $4.22-4.34 EPS and its FY 2024 guidance to 4.220-4.340 EPS.
Wyndham Hotels & Resorts Trading Up 0.7 %
Shares of NYSE WH traded up $0.61 during midday trading on Friday, reaching $90.63. The stock had a trading volume of 1,355,767 shares, compared to its average volume of 751,798. The company’s 50 day moving average price is $78.98 and its 200 day moving average price is $74.86. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $91.93. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 3.00 and a beta of 1.33.
Wyndham Hotels & Resorts Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.68%. Wyndham Hotels & Resorts’s payout ratio is 53.90%.
Analysts Set New Price Targets
Read Our Latest Stock Report on Wyndham Hotels & Resorts
Insider Transactions at Wyndham Hotels & Resorts
In other news, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.79% of the stock is currently owned by corporate 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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