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

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. Shareholders of record on Monday, September 15th will be given a dividend of 0.41 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 1.8%.

Wyndham Hotels & Resorts has a 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 Stock Performance

WH traded down $2.28 during midday trading on Thursday, hitting $88.82. 765,730 shares of the company traded hands, compared to its average volume of 1,044,922. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The firm has a market capitalization of $6.78 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company's 50-day moving average is $84.64 and its 200 day moving average is $89.90. Wyndham Hotels & Resorts has a 52 week low of $74.37 and a 52 week high of $113.07.

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 for the quarter, topping the consensus estimate of $1.16 by $0.17. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The firm had revenue of $397.00 million for the quarter, compared to analysts' expectations of $384.69 million. During the same quarter in the prior year, the business earned $1.13 EPS. The business's quarterly revenue was up 8.2% on a year-over-year basis. On average, research analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wall Street Analysts Forecast Growth

WH has been the topic of several recent research reports. Morgan Stanley reiterated an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Truist Financial raised their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Stifel Nicolaus decreased their target price on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 target price for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and a consensus price target of $106.98.

About Wyndham Hotels & Resorts

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.

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