Wyndham Hotels & Resorts (NYSE:WH) Updates FY24 Earnings Guidance

Wyndham Hotels & Resorts (NYSE:WH) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.18-4.30 for the period, compared to the consensus earnings per share estimate of $4.20. Wyndham Hotels & Resorts also updated its FY 2024 guidance to 4.180-4.300 EPS.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH traded down $1.57 during mid-day trading on Friday, hitting $73.79. The stock had a trading volume of 1,165,879 shares, compared to its average volume of 727,957. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 3.13 and a beta of 1.35. The company has a 50 day simple moving average of $75.51 and a 200-day simple moving average of $76.66. Wyndham Hotels & Resorts has a 52 week low of $63.69 and a 52 week high of $81.73. The company has a current ratio of 0.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The firm had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $308.24 million. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. Wyndham Hotels & Resorts’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. On average, research analysts expect that Wyndham Hotels & Resorts will post 4.21 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WH. Robert W. Baird lifted their price objective on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a research note on Friday. StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a research note on Saturday. They issued a hold rating on the stock. Finally, Barclays lifted their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an overweight rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $88.43.

Insider Activity

In related news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the transaction, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.79% of the stock is owned by company insiders.

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.