Wyndham Hotels & Resorts (NYSE:WH) Issues Quarterly Earnings Results

Wyndham Hotels & Resorts (NYSE:WH) issued its earnings results on Wednesday. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11, FiscalAI reports. Wyndham Hotels & Resorts had a return on equity of 74.22% and a net margin of 14.67%. The firm had revenue of $410.00 million for the quarter, compared to the consensus estimate of $408.87 million.

Wyndham Hotels & Resorts Trading Up 0.9%

NYSE:WH traded up $0.71 during mid-day trading on Wednesday, hitting $78.06. 1,770,185 shares of the company’s stock were exchanged, compared to its average volume of 1,320,603. The company has a 50 day simple moving average of $72.25 and a 200-day simple moving average of $77.90. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 5.53. Wyndham Hotels & Resorts has a fifty-two week low of $66.87 and a fifty-two week high of $90.35. The firm has a market capitalization of $5.79 billion, a P/E ratio of 28.70, a PEG ratio of 1.97 and a beta of 0.67.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 63.24%.

Wyndham Hotels & Resorts announced that its board has approved a stock repurchase program on Tuesday, September 29th that allows the company to buy back $400.00 million in shares. This buyback authorization allows the company to buy up to 7.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Freedom Broker initiated coverage on Wyndham Hotels & Resorts in a research report on Wednesday, October 14th. They set a “buy” rating and a $88.00 price objective for the company. Truist Financial decreased their target price on Wyndham Hotels & Resorts from $107.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Susquehanna lowered their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Barclays lowered their price target on shares of Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, July 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $80.00 price target on shares of Wyndham Hotels & Resorts in a report on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.08.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CEO Geoffrey Ballotti sold 19,414 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $72.71, for a total transaction of $1,411,591.94. Following the completion of the transaction, the chief executive officer owned 549,323 shares of the company’s stock, valued at approximately $39,941,275.33. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.33% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc is a global hotel franchising company that operates an asset-light lodging business. Rather than owning and managing most of its hotels, the company licenses its brands and provides franchisees with support in areas such as marketing, reservations, technology, training and operational standards.

Its portfolio includes a range of economy, midscale and upscale hotel brands, including Super 8, Days Inn, Ramada, La Quinta, Microtel, Baymont, Wingate, AmericInn, Wyndham, Wyndham Garden, Registry Collection Hotels and ECHO Suites Extended Stay by Wyndham.