Wyndham Hotels & Resorts (NYSE:WH) Issues FY 2024 Earnings Guidance

Wyndham Hotels & Resorts (NYSE:WH) 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.

Analysts Set New Price Targets

Several research analysts have issued reports on WH shares. Robert W. Baird dropped their price target on 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 cut 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 report on Friday, April 19th. Finally, StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, April 19th. They set a hold rating for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of Moderate Buy and a consensus target price of $88.00.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock traded up $0.46 during trading on Wednesday, hitting $71.96. The company had a trading volume of 883,113 shares, compared to its average volume of 666,344. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 3.18 and a beta of 1.35. Wyndham Hotels & Resorts has a 52 week low of $63.69 and a 52 week high of $81.73. The stock’s 50-day moving average is $75.72 and its two-hundred day moving average is $76.71. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.90.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, February 14th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The firm had revenue of $321.00 million for the quarter, compared to analysts’ expectations of $321.35 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, analysts predict that Wyndham Hotels & Resorts will post 4.22 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.11%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 14th. Wyndham Hotels & Resorts’s payout ratio is presently 44.71%.

Insider Buying and Selling

In other Wyndham Hotels & Resorts 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 transaction of $252,800.00. Following the completion of the sale, the chief accounting officer now directly 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 through this link. 2.79% of the stock is currently owned by 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.