Wyndham Hotels & Resorts Inc (NYSE:WH) announced a quarterly dividend on Tuesday, August 13th, Zacks reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.29 per share on Monday, September 30th. This represents a $1.16 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, September 12th.
Wyndham Hotels & Resorts has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wyndham Hotels & Resorts to earn $3.60 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 32.2%.
NYSE:WH traded down $0.06 during mid-day trading on Tuesday, hitting $53.22. The company’s stock had a trading volume of 3,304 shares, compared to its average volume of 897,043. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.36 and a beta of 1.07. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.62. Wyndham Hotels & Resorts has a fifty-two week low of $43.03 and a fifty-two week high of $61.49. The stock has a fifty day moving average of $53.28 and a 200-day moving average of $54.37.
Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Thursday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. The business had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $532.61 million. Wyndham Hotels & Resorts had a return on equity of 19.91% and a net margin of 6.94%. Wyndham Hotels & Resorts’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. On average, equities analysts anticipate that Wyndham Hotels & Resorts will post 3.19 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Robert W. Baird started coverage on Wyndham Hotels & Resorts in a report on Wednesday, August 21st. They issued an “outperform” rating and a $62.00 price target for the company. Barclays started coverage on Wyndham Hotels & Resorts in a report on Tuesday, July 2nd. They issued an “overweight” rating and a $72.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday. Bank of America assumed coverage on Wyndham Hotels & Resorts in a report on Wednesday, June 12th. They set a “buy” rating and a $62.00 target price on the stock. Finally, TheStreet upgraded Wyndham Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $65.38.
In related news, insider Geoffrey A. Ballotti purchased 10,000 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $50.26 per share, with a total value of $502,600.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David B. Wyshner bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $50.37 per share, with a total value of $100,740.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 22,000 shares of company stock valued at $1,102,840. Corporate insiders own 1.90% of the company’s stock.
About Wyndham Hotels & Resorts
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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