Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) issued its earnings results on Wednesday. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10, Briefing.com reports. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The firm had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. 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 Performance
Shares of NYSE:WH traded up $6.67 during trading on Thursday, hitting $77.09. 1,622,955 shares of the company traded hands, compared to its average volume of 760,648. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.67 and a beta of 1.34. The business’s fifty day moving average is $72.14 and its 200-day moving average is $74.87. Wyndham Hotels & Resorts has a one year low of $65.63 and a one year high of $81.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27.
Wyndham Hotels & Resorts Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.90%.
Insider Activity
Analysts Set New Price Targets
WH has been the topic of a number of recent research reports. Susquehanna initiated coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a “neutral” rating and a $80.00 price objective on the stock. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a research note on Saturday, June 22nd. They set a “hold” rating on the stock. Barclays boosted their price objective on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Stifel Nicolaus dropped their target price on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Robert W. Baird lifted their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.67.
Check Out Our Latest Stock Report on WH
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.
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