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 (EPS) guidance of $4.20-4.32 for the period, compared to the consensus estimate of $4.24. Wyndham Hotels & Resorts also updated its FY 2024 guidance to 4.200-4.320 EPS.

Wyndham Hotels & Resorts Stock Up 8.8 %

WH traded up $6.18 during trading on Thursday, hitting $76.60. The stock had a trading volume of 2,251,335 shares, compared to its average volume of 765,073. The company has a market capitalization of $6.17 billion, a PE ratio of 26.98, a PEG ratio of 2.67 and a beta of 1.34. Wyndham Hotels & Resorts has a twelve month low of $65.63 and a twelve month high of $81.73. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day simple moving average of $72.14 and a two-hundred day simple moving average of $74.87.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.10. The company had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. Wyndham Hotels & Resorts’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. On average, research analysts predict that Wyndham Hotels & Resorts will post 4.25 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.38 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.98%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 53.90%.

Analyst Ratings Changes

Several equities research analysts have weighed in on WH shares. Stifel Nicolaus lowered their target price on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a buy rating for the company in a research note on Thursday. Susquehanna assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a neutral rating and a $80.00 price objective for the company. StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Saturday, June 22nd. They set a hold rating for the company. Barclays lifted their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an overweight rating in a research note on Friday, April 26th. Finally, Robert W. Baird boosted their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an outperform rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Wyndham Hotels & Resorts presently has an average rating of Moderate Buy and an average target price of $86.67.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,040 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 24th. The shares were sold at an average price of $69.46, for a total value of $280,618.40. Following the completion of the transaction, the insider now owns 28,722 shares of the company’s stock, valued at $1,995,030.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,076 shares of Wyndham Hotels & Resorts stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $67.81, for a total value of $276,393.56. Following the completion of the transaction, the insider now owns 28,912 shares of the company’s stock, valued at $1,960,522.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott R. Strickland sold 4,040 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 24th. The shares were sold at an average price of $69.46, for a total transaction of $280,618.40. Following the completion of the transaction, the insider now directly owns 28,722 shares of the company’s stock, valued at approximately $1,995,030.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,933 shares of company stock valued at $15,130,227. Corporate insiders own 2.79% of the company’s stock.

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.