Wyndham Hotels & Resorts (WH) Set to Announce Quarterly Earnings on Wednesday

Wyndham Hotels & Resorts (NYSE:WH) will be announcing its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.39 per share for the quarter. Wyndham Hotels & Resorts has set its FY24 guidance at $4.20-4.32 EPS and its FY 2024 guidance at 4.200-4.320 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The business had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. Wyndham Hotels & Resorts’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. On average, analysts expect Wyndham Hotels & Resorts to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $82.72 on Monday. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.87 and a beta of 1.33. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $83.14. The stock has a fifty day simple moving average of $78.13 and a 200 day simple moving average of $74.56. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.84%. Wyndham Hotels & Resorts’s payout ratio is 49.51%.

Insider Transactions at Wyndham Hotels & Resorts

In other news, insider Monica Melancon sold 5,040 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the transaction, the chief accounting officer now directly owns 4,107 shares in the company, valued at approximately $315,006.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,640 shares of company stock valued at $974,351 in the last 90 days. 2.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WH has been the subject of a number of recent research reports. Barclays increased their price objective on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Stifel Nicolaus decreased their price target on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Truist Financial decreased their price target on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a report on Monday, October 14th. StockNews.com downgraded Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.63.

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.