Wyndham Hotels & Resorts (NYSE:WH) Updates FY24 Earnings Guidance

Wyndham Hotels & Resorts (NYSE:WH) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.18-4.30 for the period, compared to the consensus earnings per share estimate of $4.20. Wyndham Hotels & Resorts also updated its FY 2024 guidance to 4.180-4.300 EPS.

Wyndham Hotels & Resorts Stock Down 2.1 %

Shares of WH traded down $1.57 on Friday, hitting $73.79. 1,165,879 shares of the stock traded hands, compared to its average volume of 727,957. The company has a market capitalization of $5.98 billion, a PE ratio of 26.17, a P/E/G ratio of 3.13 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 0.11. The business has a 50 day simple moving average of $75.51 and a 200 day simple moving average of $76.66. Wyndham Hotels & Resorts has a one year low of $63.69 and a one year high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The company had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $308.24 million. During the same quarter last year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, equities analysts forecast that Wyndham Hotels & Resorts will post 4.21 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays upped their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an overweight rating in a research note on Friday. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a report on Saturday. They set a hold rating on the stock. Finally, Robert W. Baird increased their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an outperform rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of Moderate Buy and an average price target of $88.43.

Insider Activity at Wyndham Hotels & Resorts

In other news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.79% of the stock is currently owned by company insiders.

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.