Wyndham Hotels & Resorts (NYSE:WH) Issues Quarterly Earnings Results

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03, Briefing.com reports. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. During the same quarter in the prior year, the firm earned $0.86 EPS. The firm's quarterly revenue was down 2.6% on a year-over-year basis. 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 Trading Up 4.8 %

WH traded up $3.45 during trading on Thursday, reaching $75.41. 1,894,216 shares of the stock traded hands, compared to its average volume of 681,693. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $6.11 billion, a PE ratio of 22.41, a P/E/G ratio of 2.97 and a beta of 1.35. The stock's 50-day moving average is $75.59 and its 200 day moving average is $76.67. Wyndham Hotels & Resorts has a 12 month low of $63.69 and a 12 month high of $81.73.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.38 dividend. This is a boost from Wyndham Hotels & Resorts's previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.02%. Wyndham Hotels & Resorts's payout ratio is currently 44.71%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 3,200 shares of the company's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the sale, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on WH shares. Robert W. Baird dropped their target price on shares of Wyndham Hotels & Resorts from $87.00 to $86.00 and set an "outperform" rating on the stock in a report on Friday, April 19th. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a report on Friday, April 19th. They issued a "hold" rating on the stock. Finally, Barclays dropped their target price on shares of Wyndham Hotels & Resorts from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

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.