Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) released its earnings results on Wednesday. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03, Briefing.com reports. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $308.24 million. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was down 2.6% on a year-over-year basis. 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 Trading Up 4.9 %
Shares of NYSE WH traded up $3.53 during trading on Thursday, reaching $75.49. The stock had a trading volume of 1,181,957 shares, compared to its average volume of 672,411. The business’s 50-day moving average price is $75.59 and its 200-day moving average price is $76.67. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.81. Wyndham Hotels & Resorts has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The company has a market cap of $6.12 billion, a P/E ratio of 22.41, a PEG ratio of 2.97 and a beta of 1.35.
Wyndham Hotels & Resorts Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Thursday, March 14th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 44.71%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on WH
Insider Activity at Wyndham Hotels & Resorts
In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the transaction, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at approximately $900,916. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.79% of the stock is currently 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.
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