Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03, Briefing.com reports. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The business had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. During the same period in the previous year, the business posted $0.86 earnings per share. The business’s revenue was down 2.6% compared to the same quarter last year. 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 Stock Down 2.1 %
Shares of NYSE WH opened at $73.79 on Friday. Wyndham Hotels & Resorts has a 12-month low of $63.69 and a 12-month high of $81.73. The company has a market capitalization of $5.98 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.11 and a quick ratio of 0.81. The firm’s 50-day moving average is $75.51 and its two-hundred day moving average is $76.66.
Wyndham Hotels & Resorts Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s dividend payout ratio is 53.90%.
Insider Buying and Selling at Wyndham Hotels & Resorts
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a research note on Saturday. They set a “hold” rating on the stock. Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays upped their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.43.
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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