Oppenheimer Comments on Wyndham Hotels & Resorts Inc’s FY2018 Earnings (WH)

Wyndham Hotels & Resorts Inc (NYSE:WH) – Equities research analysts at Oppenheimer lifted their FY2018 earnings per share (EPS) estimates for shares of Wyndham Hotels & Resorts in a report issued on Tuesday, October 30th. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings per share of $2.65 for the year, up from their prior forecast of $2.63. Oppenheimer currently has a “Buy” rating and a $69.00 target price on the stock.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The business had revenue of $604.00 million during the quarter, compared to the consensus estimate of $561.42 million. Wyndham Hotels & Resorts’s revenue was up 74.1% on a year-over-year basis.

Several other brokerages have also issued reports on WH. Wolfe Research raised shares of Wyndham Hotels & Resorts from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 10th. Zacks Investment Research raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday. Longbow Research started coverage on shares of Wyndham Hotels & Resorts in a report on Friday, September 7th. They issued a “buy” rating and a $77.00 price target on the stock. Finally, UBS Group raised shares of Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $73.29.

Shares of Wyndham Hotels & Resorts stock opened at $49.48 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.48. Wyndham Hotels & Resorts has a 52-week low of $43.54 and a 52-week high of $66.95.

Several institutional investors and hedge funds have recently bought and sold shares of WH. Norman Fields Gottscho Capital Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth about $226,000. New England Research & Management Inc. acquired a new position in Wyndham Hotels & Resorts during the 2nd quarter worth about $303,000. Leith Wheeler Investment Counsel Ltd. acquired a new position in Wyndham Hotels & Resorts during the 2nd quarter worth about $1,723,000. CENTRAL TRUST Co acquired a new position in Wyndham Hotels & Resorts during the 2nd quarter worth about $134,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Wyndham Hotels & Resorts during the 2nd quarter worth about $1,794,000. 86.16% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO David B. Wyshner bought 3,669 shares of the stock in a transaction dated Thursday, September 6th. The shares were acquired at an average price of $54.52 per share, with a total value of $200,033.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Hunter Barber sold 879 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $60.07, for a total transaction of $52,801.53. The disclosure for this sale can be found here.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

Read More: What are the Benefits of Index Funds?

Earnings History and Estimates for Wyndham Hotels & Resorts (NYSE:WH)

Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply