Wyndham Hotels & Resorts (NYSE:WH) Updates 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.

Analyst Ratings Changes

A number of equities research analysts have commented on WH shares. Truist Financial reduced their target price on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Robert W. Baird set a $92.00 target price on shares of Wyndham Hotels & Resorts in a research report on Thursday, October 17th. Stifel Nicolaus lifted their price target on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.57.

Wyndham Hotels & Resorts Stock Up 10.6 %

WH stock traded up $8.64 during midday trading on Thursday, hitting $90.06. The company’s stock had a trading volume of 2,088,125 shares, compared to its average volume of 748,868. The firm has a 50-day simple moving average of $78.68 and a 200-day simple moving average of $74.75. The firm has a market capitalization of $7.11 billion, a P/E ratio of 29.11, a PEG ratio of 3.00 and a beta of 1.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $90.29.

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, beating analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The firm had revenue of $367.00 million during the quarter, compared to analyst estimates of $370.58 million. During the same period last year, the business posted $0.93 earnings per share. Wyndham Hotels & Resorts’s revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts forecast that Wyndham Hotels & Resorts will post 4.26 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 49.51%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the business’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 completion of the transaction, the chief accounting officer now owns 4,107 shares in the company, valued at $315,006.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at $315,006.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. The trade was 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 over the last 90 days. 2.79% of the stock is 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.