Wyndham Hotels & Resorts (NYSE:WH) Posts Earnings Results, Beats Estimates By $0.03 EPS

Wyndham Hotels & Resorts (NYSE:WH) issued its quarterly earnings results on Wednesday. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03, Briefing.com reports. The business had revenue of $305.00 million for the quarter, compared to the consensus estimate of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. Wyndham Hotels & Resorts updated its FY24 guidance to $4.18-4.30 EPS and its FY 2024 guidance to 4.180-4.300 EPS.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $73.79 on Friday. The business’s 50-day moving average is $75.51 and its two-hundred day moving average is $76.66. The company has a market capitalization of $5.98 billion, a P/E ratio of 26.17, a P/E/G ratio of 3.13 and a beta of 1.35. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.11. Wyndham Hotels & Resorts has a fifty-two week low of $63.69 and a fifty-two week high of $81.73.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.38 per share. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 2.06%. The ex-dividend date was Thursday, March 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at approximately $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WH. Barclays upped their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com started coverage on Wyndham Hotels & Resorts in a research report on Saturday. They set a “hold” rating on the stock. Finally, Robert W. Baird upped their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.43.

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.