Wyndham Hotels & Resorts (WH) set to announce results on Tuesday
Wyndham Hotels & Resorts (NYSE: WH- Get a rating) is expected to release earnings data after the market closes on Tuesday, October 25. Analysts expect Wyndham Hotels & Resorts to post earnings of $1.03 per share for the quarter. Wyndham Hotels & Resorts set its guidance for FY22 at $3.51-3.63 EPS. Those interested in participating in the company’s earnings conference call can do so using this link.
Wyndham Hotels & Resorts (NYSE: WH- Get a rating) last released its results on Tuesday, July 26. The company reported earnings per share (EPS) of $1.07 for the quarter, beating the consensus estimate of $0.98 by $0.09. The company posted revenue of $386.00 million for the quarter, compared to $359.23 million expected by analysts. Wyndham Hotels & Resorts achieved a net margin of 21.65% and a return on equity of 32.24%. On average, analysts expect Wyndham Hotels & Resorts to post EPS of $4 for the current fiscal year and EPS of $4 for the next fiscal year.
Wyndham Hotels & Resorts trades down 1.5%
WH opened at $68.10 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a leverage ratio of 1.89. The company’s 50-day moving average is $66.07 and its 200-day moving average is $72.18. The company has a market capitalization of $6.15 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.97 and a beta of 1.42. Wyndham Hotels & Resorts has a 52-week low of $58.81 and a 52-week high of $93.86.
Wyndham Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28. Investors of record on Wednesday, September 14 received a dividend of $0.32. This represents an annualized dividend of $1.28 and a yield of 1.88%. The ex-dividend date was Tuesday, September 13. Wyndham Hotels & Resorts’ payout ratio is currently 34.13%.
Analysts set new price targets
Several equity research analysts have recently commented on the company. Robert W. Baird lowered his price target on Wyndham Hotels & Resorts from $96.00 to $88.00 in a Friday, July 29 research note. StockNews.com assumed coverage of Wyndham Hotels & Resorts in a Wednesday, Oct. 12 report. They set a “hold” rating for the company. Barclays assumed coverage for Wyndham Hotels & Resorts in a Tuesday, June 28 research note. They issued an “equal weight” rating and a target price of $77.00 for the company. Finally, Stifel Nicolaus reduced his price target on Wyndham Hotels & Resorts from $99.00 to $85.50 in a Wednesday, July 6 research note. Two analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.50.
Hedge funds weigh on Wyndham Hotels & Resorts
A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its position in Wyndham Hotels & Resorts shares by 3.2% in the 1st quarter. State Street Corp now owns 2,554,592 shares of the company valued at $216,348,000 after purchasing an additional 80,119 shares last quarter. Goldman Sachs Group Inc. increased its position in Wyndham Hotels & Resorts shares by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,242,143 shares of the company valued at $189,887,000 after acquiring 77,125 additional shares in the last quarter. Invesco Ltd. increased its position in Wyndham Hotels & Resorts shares by 12.8% during the first quarter. Invesco Ltd. now owns 1,834,481 shares of the company valued at $155,362,000 after acquiring an additional 208,620 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Wyndham Hotels & Resorts shares by 15.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,362,225 shares of the company valued at $115,367,000 after acquiring an additional 182,343 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Wyndham Hotels & Resorts shares by 31.3% during the first quarter. Wellington Management Group LLP now owns 736,227 shares of the company valued at $62,351,000 after acquiring an additional 175,619 shares in the last quarter. Institutional investors and hedge funds own 90.26% of the company’s shares.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc operates as a franchisor of hotels worldwide. It operates through the hotel franchise and hotel management segments. The Hotel Franchise 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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