Wyndham Hotels & Resorts (NYSE:WH) updated its FY 2018 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.99-3.13 for the period, compared to the Thomson Reuters consensus estimate of $2.70. The company issued revenue guidance of $2.06-2.11 billion, compared to the consensus revenue estimate of $1.77 billion.
A number of brokerages have recently weighed in on WH. Oppenheimer set a $69.00 price objective on Wyndham Hotels & Resorts and gave the company a buy rating in a research note on Tuesday. UBS Group raised Wyndham Hotels & Resorts from a hold rating to a buy rating in a research note on Thursday, August 2nd. Wolfe Research raised Wyndham Hotels & Resorts from an underperform rating to a peer perform rating in a research note on Wednesday, October 10th. Longbow Research began coverage on Wyndham Hotels & Resorts in a research note on Friday, September 7th. They issued a buy rating and a $77.00 price objective for the company. Finally, Zacks Investment Research raised Wyndham Hotels & Resorts from a sell rating to a hold rating in a research note on Saturday, October 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Wyndham Hotels & Resorts currently has an average rating of Buy and an average price target of $73.29.
WH traded up $0.83 on Thursday, hitting $50.12. 19,375 shares of the company were exchanged, compared to its average volume of 1,120,633. Wyndham Hotels & Resorts has a twelve month low of $43.54 and a twelve month high of $66.95. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 1.15.
In other Wyndham Hotels & Resorts news, insider Geoffrey A. Ballotti purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was bought at an average cost of $61.48 per share, with a total value of $614,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David B. Wyshner purchased 3,669 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were acquired at an average cost of $54.52 per share, with a total value of $200,033.88. The disclosure for this purchase can be found here.
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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