Wyndham Hotels & Resorts (NYSE:WH) Posts Earnings Results, Beats Expectations By $0.11 EPS

Wyndham Hotels & Resorts (NYSE:WH) announced 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 company had revenue of $410.00 million during the quarter, compared to analyst estimates of $408.87 million.

Wyndham Hotels & Resorts Trading Up 0.9%

NYSE WH traded up $0.71 on Wednesday, reaching $78.06. The company had a trading volume of 1,767,670 shares, compared to its average volume of 1,320,599. Wyndham Hotels & Resorts has a 52 week low of $66.87 and a 52 week high of $90.35. The stock’s 50 day moving average is $72.25 and its 200-day moving average is $77.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 5.53. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.97 and a beta of 0.67.

Wyndham Hotels & Resorts Announces Dividend

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

Wyndham Hotels & Resorts announced that its board has approved a share repurchase plan on Tuesday, September 29th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 7.6% of its shares through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CEO Geoffrey Ballotti sold 19,414 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was 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 directly owned 549,323 shares in the company, valued at approximately $39,941,275.33. The trade was a 3.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.33% of the company’s stock.

Wall Street Analyst Weigh In

WH has been the topic of several research reports. Truist Financial reduced their price target on shares of 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. Weiss Ratings restated a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a research report on Friday, October 2nd. Wells Fargo & Company boosted their target price on shares of Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. reduced their target price on shares of Wyndham Hotels & Resorts from $100.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $80.00 target price on shares of Wyndham Hotels & Resorts in a research report on Thursday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.08.

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.