Wall Street analysts expect Choice Hotels International Inc (NYSE:CHH) to post $1.15 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Choice Hotels International’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.17. Choice Hotels International reported earnings of $0.95 per share during the same quarter last year, which would indicate a positive year over year growth rate of 21.1%. The business is expected to issue its next earnings report before the market opens on Thursday, November 8th.
According to Zacks, analysts expect that Choice Hotels International will report full year earnings of $3.76 per share for the current financial year, with EPS estimates ranging from $3.73 to $3.78. For the next fiscal year, analysts expect that the firm will report earnings of $4.09 per share, with EPS estimates ranging from $3.87 to $4.30. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Choice Hotels International.
Choice Hotels International (NYSE:CHH) last issued its earnings results on Wednesday, August 8th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.07. The company had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $307.89 million. Choice Hotels International had a negative return on equity of 87.57% and a net margin of 14.08%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 EPS.
Several brokerages have issued reports on CHH. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b-” rating in a report on Friday, September 28th. ValuEngine cut Choice Hotels International from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Longbow Research began coverage on Choice Hotels International in a report on Friday, September 7th. They set a “buy” rating and a $95.00 price target for the company. Wells Fargo & Co reiterated a “hold” rating on shares of Choice Hotels International in a report on Thursday, August 9th. Finally, Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Wednesday, July 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $83.22.
In related news, CEO Patrick Pacious sold 35,350 shares of the firm’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $82.33, for a total transaction of $2,910,365.50. Following the completion of the transaction, the chief executive officer now directly owns 139,498 shares in the company, valued at approximately $11,484,870.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick Cimerola sold 5,180 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $81.91, for a total value of $424,293.80. Following the transaction, the insider now owns 20,829 shares of the company’s stock, valued at $1,706,103.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,323 shares of company stock valued at $4,553,317. Company insiders own 24.38% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CHH. Three Peaks Capital Management LLC purchased a new position in Choice Hotels International during the 1st quarter valued at about $110,000. Fort L.P. purchased a new position in Choice Hotels International during the 2nd quarter valued at about $116,000. BNP Paribas Arbitrage SA boosted its holdings in Choice Hotels International by 340.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,594 shares of the company’s stock valued at $121,000 after acquiring an additional 1,232 shares during the period. Verition Fund Management LLC purchased a new position in Choice Hotels International during the 2nd quarter valued at about $274,000. Finally, State of Alaska Department of Revenue boosted its holdings in Choice Hotels International by 32.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,060 shares of the company’s stock valued at $306,000 after acquiring an additional 990 shares during the period. Institutional investors own 54.69% of the company’s stock.
Shares of NYSE:CHH opened at $79.02 on Friday. The company has a debt-to-equity ratio of -3.90, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 2.61 and a beta of 1.01. Choice Hotels International has a 52-week low of $64.75 and a 52-week high of $85.35.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Tuesday, October 2nd will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, October 1st. Choice Hotels International’s dividend payout ratio is presently 29.86%.
Choice Hotels International Company Profile
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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