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

Wyndham Hotels & Resorts (NYSE:WH) released its earnings results on Wednesday. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03, Briefing.com reports. The company had revenue of $305.00 million during the quarter, compared to analyst estimates of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. Wyndham Hotels & Resorts’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company 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 Trading Up 4.4 %

Shares of NYSE WH traded up $3.16 during trading hours on Thursday, hitting $75.12. The company’s stock had a trading volume of 1,265,492 shares, compared to its average volume of 673,416. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 2.97 and a beta of 1.35. Wyndham Hotels & Resorts has a 12 month low of $63.69 and a 12 month high of $81.73. The business has a 50-day simple moving average of $75.59 and a 200-day simple moving average of $76.67.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 2.02%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 44.71%.

Insiders Place Their Bets

In other news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value 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 SEC, which is accessible through the SEC website. 2.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on WH. Barclays dropped their price objective on Wyndham Hotels & Resorts from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a research note on Friday, April 19th. They issued a “hold” rating on the stock. Finally, Robert W. Baird dropped their target price on Wyndham Hotels & Resorts from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

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.