Wyndham Hotels & Resorts (NYSE:WH) Releases FY 2024 Earnings Guidance

Wyndham Hotels & Resorts (NYSE:WH) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 4.180-4.300 for the period, compared to the consensus EPS estimate of 4.210. The company issued revenue guidance of -. Wyndham Hotels & Resorts also updated its FY24 guidance to $4.18-4.30 EPS.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock traded down $1.57 during midday trading on Friday, reaching $73.79. 1,165,810 shares of the company traded hands, compared to its average volume of 687,669. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.81 and a quick ratio of 0.81. Wyndham Hotels & Resorts has a 1-year low of $63.69 and a 1-year high of $81.73. The firm has a market cap of $5.98 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.99 and a beta of 1.35. The firm’s 50 day simple moving average is $75.51 and its two-hundred day simple moving average is $76.66.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 39.89% and a net margin of 17.19%. The company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. During the same period in the previous year, the firm posted $0.86 EPS. Wyndham Hotels & Resorts’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts expect that Wyndham Hotels & Resorts will post 4.19 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.38 dividend. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Thursday, March 14th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WH shares. Barclays upped their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an overweight rating in a research note on Friday. Robert W. Baird increased their price objective on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a research note on Friday. Finally, StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, April 19th. They set a hold rating on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $88.43.

Insiders Place Their Bets

In other news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,404 shares in the company, valued at $900,916. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.79% of the stock is owned by insiders.

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.