Wyndham Hotels & Resorts (NYSE:WH) Shareholders to Collect $0.43 Quarterly Dividend

Key Points

• Wyndham declared a quarterly dividend of $0.43 per share, payable December 30 to shareholders of record December 15. That equates to $1.72 annually and a 2.2% yield.
• The dividend appears well covered: the current payout ratio is 32.2%, and analysts expect next year’s earnings to support a payout ratio of about 31.6%. The company has raised its dividend for five consecutive years.
• Wyndham beat quarterly earnings and revenue estimates, while analysts maintain a Moderate Buy consensus with an average price target of $94.67.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) declared a quarterly dividend on Thursday, November 12th. Investors of record on Tuesday, December 15th will be given a dividend of $0.43 per share on Wednesday, December 30th. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 15th.

Wyndham Hotels & Resorts has increased its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Wyndham Hotels & Resorts has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wyndham Hotels & Resorts to earn $5.44 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 31.6%.

Wyndham Hotels & Resorts Trading Down 2.2%

WH opened at $78.99 on Friday. Wyndham Hotels & Resorts has a 12 month low of $66.87 and a 12 month high of $90.35. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.97 and a beta of 0.64. The company has a debt-to-equity ratio of 5.69, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day moving average price of $73.26 and a 200 day moving average price of $77.88.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. The company had revenue of $410.00 million for the quarter, compared to the consensus estimate of $408.99 million. Wyndham Hotels & Resorts had a return on equity of 77.43% and a net margin of 13.97%. Wyndham Hotels & Resorts's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 EPS. Sell-side analysts expect that Wyndham Hotels & Resorts will post 4.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WH. JPMorgan Chase & Co. cut their target price on shares of 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. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 price target on shares of Wyndham Hotels & Resorts in a research note on Thursday, July 23rd. Morgan Stanley lowered their price target on shares of Wyndham Hotels & Resorts from $97.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, October 28th. Weiss Ratings upgraded shares of Wyndham Hotels & Resorts from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, November 4th. Finally, Stifel Nicolaus increased their price objective on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and an average target price of $94.67.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts is a hospitality company focused primarily on franchising hotels. It provides franchisees with access to hotel brands, reservation and loyalty platforms, and operational support, while serving travelers through properties across a range of price points and lodging styles. Its portfolio includes brands such as Wyndham, Ramada, Days Inn, Super 8, La Quinta, Microtel, Wingate, Trademark Collection and Registry Collection. The company's hotels serve guests in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.