Wyndham Hotels & Resorts Inc (WH) to Post Q3 2018 Earnings of $0.80 Per Share, SunTrust Banks Forecasts
Wyndham Hotels & Resorts Inc (NYSE:WH) – Stock analysts at SunTrust Banks dropped their Q3 2018 earnings estimates for shares of Wyndham Hotels & Resorts in a research note issued on Friday, October 19th. SunTrust Banks analyst P. Scholes now expects that the company will post earnings of $0.80 per share for the quarter, down from their prior forecast of $0.81. SunTrust Banks also issued estimates for Wyndham Hotels & Resorts’ Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $2.64 EPS.
A number of other analysts also recently weighed in on WH. Goldman Sachs Group upgraded shares of Wyndham Hotels & Resorts from a “buy” rating to a “conviction-buy” rating in a report on Monday, June 25th. Wolfe Research downgraded shares of Wyndham Hotels & Resorts from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 10th. UBS Group upgraded shares of Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Longbow Research started coverage on shares of Wyndham Hotels & Resorts in a report on Friday, September 7th. They issued a “buy” rating and a $77.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.29.
Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $514.63 million. The business’s quarterly revenue was up 31.4% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.00 annualized dividend and a yield of 2.08%.
In other Wyndham Hotels & Resorts news, insider Thomas Hunter Barber sold 879 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $60.07, for a total value of $52,801.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Geoffrey A. Ballotti acquired 10,000 shares of the stock in a transaction on Monday, August 6th. The stock was bought at an average cost of $61.48 per share, with a total value of $614,800.00. The disclosure for this purchase can be found here.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter valued at about $527,234,000. FMR LLC purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth approximately $464,103,000. Boston Partners purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth approximately $304,426,000. Iridian Asset Management LLC CT purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth approximately $270,197,000. Finally, LSV Asset Management purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth approximately $147,755,000. 86.19% of the stock is owned by institutional investors.
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.
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