Wyndham Hotels & Resorts (NYSE:WH) Issues FY 2022 Earnings Guidance

Wyndham Hotels & Resorts (NYSE:WH – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.51-$3.63 for the period, compared to the consensus earnings per share estimate of $3.55. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus dropped their price objective on Wyndham Hotels & Resorts from $99.00 to $85.50 in a research note on Wednesday, July 6th. Robert W. Baird cut their price objective on shares of Wyndham Hotels & Resorts from $96.00 to $88.00 in a report on Friday. StockNews.com downgraded shares of Wyndham Hotels & Resorts from a buy rating to a hold rating in a report on Wednesday, June 29th. Finally, Barclays assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Tuesday, June 28th. They set an equal weight rating and a $77.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $87.75.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock traded up $0.67 during mid-day trading on Friday, reaching $69.41. 1,038,628 shares of the company’s stock traded hands, compared to its average volume of 780,911. Wyndham Hotels & Resorts has a 12-month low of $62.89 and a 12-month high of $93.86. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average of $70.82 and a two-hundred day moving average of $79.50. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.47 and a beta of 1.52.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Wednesday, June 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, June 14th. Wyndham Hotels & Resorts’s payout ratio is 36.78%.

Insider Buying and Selling

In related news, General Counsel Paul F. Cash sold 30,331 shares of the 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 sale, the general counsel now owns 11,680 shares in the company, valued at approximately $933,699.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp increased its stake in Wyndham Hotels & Resorts by 76.1% in the first quarter. Mackenzie Financial Corp now owns 582,938 shares of the company’s stock worth $49,369,000 after purchasing an additional 251,999 shares during the period. Allianz Asset Management GmbH increased its stake in Wyndham Hotels & Resorts by 823.8% in the 1st quarter. Allianz Asset Management GmbH now owns 234,099 shares of the company’s stock worth $19,825,000 after buying an additional 208,757 shares during the period. Invesco Ltd. lifted its holdings in Wyndham Hotels & Resorts by 12.8% during the 1st quarter. Invesco Ltd. now owns 1,834,481 shares of the company’s stock valued at $155,362,000 after buying an additional 208,620 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Wyndham Hotels & Resorts by 15.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,362,225 shares of the company’s stock valued at $115,367,000 after buying an additional 182,343 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Wyndham Hotels & Resorts by 31.3% in the 1st quarter. Wellington Management Group LLP now owns 736,227 shares of the company’s stock valued at $62,351,000 after buying an additional 175,619 shares during the period. 92.63% of the stock is owned by institutional investors.

About Wyndham Hotels & Resorts

(Get Rating)

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.