Wyndham Hotels & Resorts (NYSE:WH) Sets New 52-Week High After Strong Earnings

Wyndham Hotels & Resorts, Inc. (NYSE:WH)’s stock price hit a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $83.38 and last traded at $83.38, with a volume of 23137 shares. The stock had previously closed at $82.69.

The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share.

Wyndham Hotels & Resorts Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on WH. Robert W. Baird set a $92.00 price objective on shares of Wyndham Hotels & Resorts in a research note on Thursday, October 17th. Truist Financial dropped 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. Barclays boosted their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $91.57.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the sale, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. 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 can be accessed through the SEC website. 2.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WH. Concord Wealth Partners increased its position in shares of Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after acquiring an additional 291 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Wyndham Hotels & Resorts by 1.9% in the third quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock valued at $717,000 after purchasing an additional 175 shares during the period. International Assets Investment Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 6,887.1% in the third quarter. International Assets Investment Management LLC now owns 66,028 shares of the company’s stock worth $5,159,000 after purchasing an additional 65,083 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the third quarter worth about $680,000. Finally, Copeland Capital Management LLC boosted its position in Wyndham Hotels & Resorts by 133.1% in the third quarter. Copeland Capital Management LLC now owns 409,324 shares of the company’s stock valued at $31,985,000 after buying an additional 233,754 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Up 10.6 %

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 stock has a market cap of $7.11 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 3.00 and a beta of 1.33. The stock has a 50-day moving average of $78.98 and a 200 day moving average of $74.86.

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.