Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.10, Briefing.com reports. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The company had revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. 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 $6.67 during midday trading on Thursday, hitting $77.09. The stock had a trading volume of 1,622,955 shares, compared to its average volume of 760,648. The company has a market cap of $6.21 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.67 and a beta of 1.34. The business has a fifty day moving average of $72.14 and a 200 day moving average of $74.87. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70. 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 company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.97%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.
Insiders Place Their Bets
Wall Street Analyst Weigh In
Several brokerages recently commented on WH. Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a research report on Saturday, June 22nd. They issued a “hold” rating on the stock. Stifel Nicolaus dropped their price objective on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research note on Thursday. Robert W. Baird upped their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Susquehanna assumed coverage on Wyndham Hotels & Resorts in a report on Friday, June 21st. They issued a “neutral” rating and a $80.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.67.
Get Our Latest Stock Report on WH
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.
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