Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) – Equities researchers at Jefferies Financial Group reduced their FY2022 earnings per share estimates for shares of Wyndham Hotels & Resorts in a note issued to investors on Wednesday, July 13th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings per share of $3.68 for the year, down from their previous forecast of $3.69. The consensus estimate for Wyndham Hotels & Resorts’ current full-year earnings is $3.58 per share. Jefferies Financial Group also issued estimates for Wyndham Hotels & Resorts’ Q2 2023 earnings at $1.08 EPS, FY2023 earnings at $4.00 EPS, Q1 2024 earnings at $0.96 EPS, Q2 2024 earnings at $1.15 EPS and FY2024 earnings at $4.28 EPS.
Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last announced its earnings results on Tuesday, April 26th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.29. The firm had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $339.16 million. Wyndham Hotels & Resorts had a net margin of 19.91% and a return on equity of 31.60%. During the same quarter in the previous year, the business posted $0.36 EPS.
A number of other analysts have also weighed in on WH. StockNews.com lowered Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Stifel Nicolaus lowered their price target on Wyndham Hotels & Resorts from $99.00 to $85.50 in a report on Wednesday, July 6th. Finally, Barclays began coverage on Wyndham Hotels & Resorts in a research note on Tuesday, June 28th. They issued an “equal weight” rating and a $77.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $87.70.
Wyndham Hotels & Resorts Trading Up 1.9 %
Shares of NYSE:WH opened at $65.90 on Friday. Wyndham Hotels & Resorts has a 12-month low of $62.89 and a 12-month high of $93.86. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 1.78. The company has a market cap of $6.07 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.52. The stock has a 50 day moving average of $72.23 and a 200 day moving average of $80.90.
Wyndham Hotels & Resorts Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Tuesday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 36.78%.
Insider Transactions at Wyndham Hotels & Resorts
In other Wyndham Hotels & Resorts news, General Counsel Paul F. Cash sold 30,331 shares of the business’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $79.94, for a total transaction of $2,424,660.14. Following the transaction, the general counsel now owns 11,680 shares of the company’s stock, valued at $933,699.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.91% of the company’s stock.
Institutional Investors Weigh In On Wyndham Hotels & Resorts
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its holdings in shares of Wyndham Hotels & Resorts by 3.6% in the 4th quarter. Nordea Investment Management AB now owns 13,804 shares of the company’s stock valued at $1,231,000 after buying an additional 486 shares during the period. Retirement Systems of Alabama increased its holdings in Wyndham Hotels & Resorts by 0.8% during the 4th quarter. Retirement Systems of Alabama now owns 122,013 shares of the company’s stock worth $10,938,000 after purchasing an additional 919 shares during the period. Concord Wealth Partners increased its holdings in Wyndham Hotels & Resorts by 21.0% during the 4th quarter. Concord Wealth Partners now owns 1,446 shares of the company’s stock worth $130,000 after purchasing an additional 251 shares during the period. Russell Investments Group Ltd. increased its holdings in Wyndham Hotels & Resorts by 7.6% during the 4th quarter. Russell Investments Group Ltd. now owns 170,312 shares of the company’s stock worth $15,258,000 after purchasing an additional 12,078 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth about $219,000. Hedge funds and other institutional investors own 92.63% of the company’s stock.
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.
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