Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.18-4.30 for the period, compared to the consensus estimate of $4.20. Wyndham Hotels & Resorts also updated its FY 2024 guidance to 4.180-4.300 EPS.
Analyst Ratings Changes
Several brokerages recently weighed in on WH. StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, April 19th. They set a hold rating on the stock. Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an outperform rating in a research report on Friday. Finally, Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an overweight rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of Moderate Buy and an average target price of $88.43.
Check Out Our Latest Report on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Stock Performance
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 39.89%. The business had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Wyndham Hotels & Resorts’s revenue was down 2.6% compared to the same quarter last year. On average, research analysts anticipate that Wyndham Hotels & Resorts will post 4.19 EPS for the current fiscal year.
Wyndham Hotels & Resorts Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.04%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.
Insider Activity
In other news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.79% of the stock is owned by corporate insiders.
Wyndham Hotels & Resorts Company Profile
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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