Wyndham Hotels & Resorts (NYSE:WH) Shares Gap Up on Earnings Beat

Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $81.42, but opened at $85.88. Wyndham Hotels & Resorts shares last traded at $86.38, with a volume of 88,301 shares.

The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.68%. Wyndham Hotels & Resorts’s dividend payout ratio is 53.90%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WH. Stifel Nicolaus lifted their target price on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial lifted their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price for the company. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.00.

Insider Activity at Wyndham Hotels & Resorts

In related news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the transaction, the director now directly owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now directly owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,343 shares of company stock worth $9,045,321 in the last quarter. Company insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in Wyndham Hotels & Resorts by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after acquiring an additional 207 shares in the last quarter. Concord Wealth Partners lifted its holdings in shares of Wyndham Hotels & Resorts by 115.5% in the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after purchasing an additional 291 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Wyndham Hotels & Resorts by 1,245.1% during the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after buying an additional 635 shares during the last quarter. Family Firm Inc. bought a new stake in Wyndham Hotels & Resorts during the second quarter worth $67,000. Finally, International Assets Investment Management LLC purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter valued at $70,000. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Trading Up 0.7 %

The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $7.30 billion, a P/E ratio of 32.14, a PEG ratio of 3.00 and a beta of 1.33. The firm has a 50 day simple moving average of $79.29 and a two-hundred day simple moving average of $74.98.

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.