Wyndham Hotels & Resorts (WH) Scheduled to Post Quarterly Earnings on Wednesday

Wyndham Hotels & Resorts (NYSE:WH) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Wyndham Hotels & Resorts has set its FY24 guidance at $4.11-$4.23 EPS and its FY 2024 guidance at 4.110-4.230 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. The firm had revenue of $321.00 million during the quarter, compared to the consensus estimate of $321.35 million. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 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

WH stock opened at $71.04 on Wednesday. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average price of $76.64 and a 200 day moving average price of $76.62. The company has a market capitalization of $5.75 billion, a P/E ratio of 20.89, a PEG ratio of 3.28 and a beta of 1.35. Wyndham Hotels & Resorts has a 1-year low of $63.69 and a 1-year high of $81.73.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s payout ratio is 44.71%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Wyndham Hotels & Resorts in a research note on Thursday, April 11th. They issued a “hold” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.50.

Insider Activity at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at approximately $900,916. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.79% of the stock is owned by corporate insiders.

Institutional Trading of Wyndham Hotels & Resorts

Large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its holdings in shares of Wyndham Hotels & Resorts by 139.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock worth $31,000 after purchasing an additional 255 shares during the period. Money Concepts Capital Corp purchased a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth $33,000. Point72 Hong Kong Ltd purchased a new position in shares of Wyndham Hotels & Resorts during the 2nd quarter worth $46,000. Covestor Ltd grew its holdings in shares of Wyndham Hotels & Resorts by 90.3% during the 1st quarter. Covestor Ltd now owns 1,427 shares of the company’s stock worth $121,000 after purchasing an additional 677 shares during the period. Finally, State of Wyoming purchased a new position in shares of Wyndham Hotels & Resorts during the 2nd quarter worth $177,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.