Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.180-4.300 for the period, compared to the consensus EPS estimate of 4.210. The company issued revenue guidance of -. Wyndham Hotels & Resorts also updated its FY24 guidance to $4.18-4.30 EPS.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on WH. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a report on Friday, April 19th. They set a hold rating for the company. Barclays lowered their target price on shares of Wyndham Hotels & Resorts from $90.00 to $87.00 and set an overweight rating on the stock in a report on Friday, April 19th. Finally, Robert W. Baird cut their price target on shares of Wyndham Hotels & Resorts from $87.00 to $86.00 and set an outperform rating for the company in a research note on Friday, April 19th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $88.00.
Check Out Our Latest Research Report on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Trading Up 0.6 %
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $321.35 million. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. Wyndham Hotels & Resorts’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. On average, sell-side analysts predict that Wyndham Hotels & Resorts will post 4.22 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 issued a dividend of $0.38 per share. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.11%. Wyndham Hotels & Resorts’s payout ratio is presently 44.71%.
Insiders Place Their Bets
In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the transaction, the chief accounting officer now owns 11,404 shares in the company, valued at $900,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.79% of the company’s stock.
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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