Wyndham Hotels & Resorts (NYSE:WH) Declares Quarterly Dividend of $0.41

Key Points

• Wyndham Hotels & Resorts has declared a quarterly dividend of $0.41 per share, with a payout date of September 30th for shareholders of record as of September 15th, representing an annual yield of 1.8%.
• The company reported a net margin of 23.10% and earnings per share of $1.33, exceeding analysts' expectations, with revenue for the quarter reaching $397 million, an 8.2% increase year-over-year.
• Analysts maintain a positive outlook on Wyndham Hotels & Resorts, with a consensus rating of "Moderate Buy" and a target price of approximately $106.98, reflecting strong future growth expectations.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Investors of record on Monday, September 15th will be paid a dividend of 0.41 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, September 15th.

Wyndham Hotels & Resorts has a dividend payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Wyndham Hotels & Resorts to earn $5.48 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 29.9%.

Wyndham Hotels & Resorts Trading Up 1.5%

NYSE WH traded up $1.33 during trading hours on Tuesday, reaching $89.02. The company's stock had a trading volume of 36,901 shares, compared to its average volume of 1,035,203. The firm has a fifty day simple moving average of $84.97 and a 200-day simple moving average of $89.34. The stock has a market cap of $6.80 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.55 and a beta of 0.99. Wyndham Hotels & Resorts has a 52 week low of $75.08 and a 52 week high of $113.07. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $397.00 million during the quarter, compared to analyst estimates of $384.69 million. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $1.13 EPS. Equities analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on WH shares. Robert W. Baird increased their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Barclays increased their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Truist Financial increased their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price for the company. Finally, Stifel Nicolaus reduced their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.98.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.