Stock Buyback Plan Approved by Wyndham Hotels & Resorts (NYSE:WH) Board of Directors

Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) announced that its Board of Directors has approved a share buyback plan on Tuesday, September 29th, RTT News reports. The company plans to buyback $400.00 million in shares. This buyback authorization allows the company to repurchase up to 7.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WH. Wells Fargo & Company raised their price target on shares of Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $80.00 price objective on shares of Wyndham Hotels & Resorts in a report on Thursday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lowered their target price on Wyndham Hotels & Resorts from $100.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Finally, Susquehanna dropped their price target on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.64.

Read Our Latest Stock Analysis on Wyndham Hotels & Resorts

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $71.43 on Friday. The business has a 50 day moving average of $72.49 and a 200 day moving average of $78.37. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.86 and a beta of 0.67. Wyndham Hotels & Resorts has a 1-year low of $66.87 and a 1-year high of $90.35. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.99 and a quick ratio of 0.99.

Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $375.00 million during the quarter, compared to the consensus estimate of $400.75 million. Wyndham Hotels & Resorts had a net margin of 14.67% and a return on equity of 74.22%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 earnings per share. Wyndham Hotels & Resorts has set its FY 2026 guidance at 4.710-4.830 EPS. On average, sell-side analysts predict that Wyndham Hotels & Resorts will post 4.81 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.43 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 63.24%.

Insiders Place Their Bets

In related news, CEO Geoffrey Ballotti sold 19,414 shares of Wyndham Hotels & Resorts stock in a transaction on Monday, August 17th. The shares were sold at an average price of $72.71, for a total value of $1,411,591.94. Following the sale, the chief executive officer owned 549,323 shares in the company, valued at $39,941,275.33. The trade was a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is currently owned by company insiders.

Wyndham Hotels & Resorts Company Profile

Get Free Report)

Wyndham Hotels & Resorts, Inc is a global hotel franchising company that provides lodging brands, operating support and related services to hotel owners and operators. Rather than owning and managing most of its properties directly, the company primarily operates an asset-light franchise model in which independent hotel owners use Wyndham’s brands, reservation systems, marketing programs, technology and operational resources.

The company’s portfolio spans economy and midscale lodging, as well as select upscale and extended-stay concepts.

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