Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.180-4.300 for the period, compared to the consensus earnings per share 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 Stock Up 4.5 %
Shares of NYSE WH traded up $3.25 during trading on Thursday, hitting $75.21. 1,592,910 shares of the company traded hands, compared to its average volume of 676,624. The business’s fifty day moving average is $75.59 and its 200 day moving average is $76.67. Wyndham Hotels & Resorts has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The firm has a market capitalization 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. 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 (NYSE:WH – Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The company had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. During the same quarter in the prior year, the business posted $0.86 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. Equities research analysts predict that Wyndham Hotels & Resorts will post 4.19 earnings per share for the current fiscal year.
Wyndham Hotels & Resorts Increases Dividend
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Wyndham Hotels & Resorts from $87.00 to $86.00 and set an outperform rating on the stock in a report on Friday, April 19th. Barclays decreased their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $87.00 and set an overweight rating for the company in a research note on Friday, April 19th. Finally, StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, April 19th. They issued a hold rating for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $88.00.
Insider Activity
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 transaction of $252,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at approximately $900,916. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.79% of the company’s stock.
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.
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