Wyndham Hotels & Resorts (WH) Scheduled to Post Earnings on Wednesday

Wyndham Hotels & Resorts (NYSE:WH) will post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Wyndham Hotels & Resorts to post earnings of $0.79 per share for the quarter. Wyndham Hotels & Resorts has set its FY24 guidance at $4.11-$4.23 EPS and its FY 2024 guidance at 4.110-4.230 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. The business had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $321.35 million. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. On average, analysts expect Wyndham Hotels & Resorts to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Wyndham Hotels & Resorts Stock Performance

WH stock opened at $69.91 on Tuesday. 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 $5.66 billion, a P/E ratio of 20.56, a P/E/G ratio of 3.18 and a beta of 1.35. The firm has a 50 day simple moving average of $75.86 and a 200 day simple moving average of $76.68. Wyndham Hotels & Resorts has a 52 week low of $63.69 and a 52 week high of $81.73.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date was Thursday, March 14th. 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 2.17%. Wyndham Hotels & Resorts’s payout ratio is 44.71%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WH shares. Barclays reduced their target price 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. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a research note on Friday. They issued a “hold” rating for the company. Finally, Robert W. Baird reduced their target price on shares of Wyndham Hotels & Resorts from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

Insider Activity

In other news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts 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 transaction, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at $900,916. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.