Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.10, Briefing.com reports. The company had revenue of $367.00 million for the quarter, compared to the consensus estimate of $370.58 million. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. Wyndham Hotels & Resorts’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. Wyndham Hotels & Resorts updated its FY24 guidance to $4.20-4.32 EPS and its FY 2024 guidance to 4.200-4.320 EPS.
Wyndham Hotels & Resorts Price Performance
WH traded up $6.18 during midday trading on Thursday, reaching $76.60. 2,251,335 shares of the company’s stock were exchanged, compared to its average volume of 765,073. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $6.17 billion, a PE ratio of 26.98, a P/E/G ratio of 2.67 and a beta of 1.34. The business’s 50-day moving average price is $72.14 and its 200 day moving average price is $74.87. Wyndham Hotels & Resorts has a 1-year low of $65.63 and a 1-year high of $81.73.
Wyndham Hotels & Resorts Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.
Insiders Place Their Bets
Analysts Set New Price Targets
WH has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a report on Thursday. Barclays lifted their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Susquehanna initiated coverage on shares of Wyndham Hotels & Resorts in a report on Friday, June 21st. They issued a “neutral” rating and a $80.00 target price on the stock. Robert W. Baird boosted their price objective on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a report on Saturday, June 22nd. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $86.67.
Check Out Our Latest Research Report on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Company Profile
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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