Wyndham Hotels & Resorts (NYSE:WH) Releases Earnings Results, Beats Expectations By $0.03 EPS

Wyndham Hotels & Resorts (NYSE:WH) issued its earnings results on Wednesday. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03, Briefing.com reports. The firm had revenue of $305.00 million for the quarter, compared to the consensus estimate of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. 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 Price Performance

Shares of NYSE:WH traded up $3.73 during midday trading on Thursday, hitting $75.69. The company had a trading volume of 1,146,412 shares, compared to its average volume of 672,052. Wyndham Hotels & Resorts has a twelve month low of $63.69 and a twelve month high of $81.73. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 2.97 and a beta of 1.35. The business’s 50-day simple moving average is $75.59 and its 200-day simple moving average is $76.67.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.38 per share. 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 2.01%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s dividend payout ratio is presently 44.71%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com assumed coverage on Wyndham Hotels & Resorts in a report on Friday, April 19th. They issued a “hold” rating for the company. Robert W. Baird reduced their price target on Wyndham Hotels & Resorts from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, Barclays reduced their price target on Wyndham Hotels & Resorts from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

Insider Activity at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 of the company’s stock, valued at $900,916. The transaction was disclosed in a legal filing with the SEC, which is available through 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.