Wyndham Hotels & Resorts (NYSE:WH) Issues 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 guidance of 4.220-4.340 for the period, compared to the consensus earnings per share estimate of 4.270. The company issued revenue guidance of -. Wyndham Hotels & Resorts also updated its FY24 guidance to $4.22-4.34 EPS.

Wall Street Analysts Forecast Growth

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

Wyndham Hotels & Resorts Stock Down 2.4 %

Shares of WH traded down $1.96 during trading hours on Wednesday, reaching $81.42. The company’s stock had a trading volume of 1,330,505 shares, compared to its average volume of 742,335. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 2.87 and a beta of 1.33. The company has a 50 day moving average of $78.53 and a two-hundred day moving average of $74.71. Wyndham Hotels & Resorts has a 1-year low of $67.67 and a 1-year high of $83.38.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The company had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts predict that Wyndham Hotels & Resorts will post 4.26 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

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

Insiders Place Their Bets

In related news, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. This trade represents 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 through the SEC website. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at $315,006.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Monica Melancon sold 5,040 shares of the stock in a transaction dated 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 approximately $823,661.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,640 shares of company stock valued at $974,351 in the last three months. 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.