Choice Hotels International Inc (NYSE:CHH) – Analysts at SunTrust Banks decreased their Q1 2019 earnings estimates for shares of Choice Hotels International in a report issued on Tuesday, February 19th. SunTrust Banks analyst P. Scholes now expects that the company will post earnings per share of $0.75 for the quarter, down from their previous estimate of $0.76. SunTrust Banks currently has a “Hold” rating and a $87.00 target price on the stock. SunTrust Banks also issued estimates for Choice Hotels International’s Q2 2019 earnings at $1.17 EPS, Q1 2020 earnings at $0.80 EPS, Q2 2020 earnings at $1.27 EPS, Q3 2020 earnings at $1.39 EPS, Q4 2020 earnings at $0.95 EPS and FY2020 earnings at $4.41 EPS.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Friday, February 15th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Choice Hotels International had a negative return on equity of 105.17% and a net margin of 20.78%. The firm had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $261.58 million. During the same period in the prior year, the business earned $0.63 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year.
CHH has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price objective on Choice Hotels International to $71.00 and set an “underweight” rating for the company in a report on Friday, November 9th. Zacks Investment Research reiterated a “hold” rating and issued a $75.00 price objective on shares of Choice Hotels International in a report on Monday, December 31st. Jefferies Financial Group set a $83.00 price objective on Choice Hotels International and gave the stock a “hold” rating in a report on Friday, November 9th. Wells Fargo & Co cut their price objective on Choice Hotels International from $86.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, November 15th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $76.00 price objective on shares of Choice Hotels International in a report on Sunday, February 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $81.38.
CHH opened at $80.69 on Thursday. Choice Hotels International has a 12-month low of $66.71 and a 12-month high of $85.35. The stock has a market capitalization of $4.50 billion, a PE ratio of 20.74, a PEG ratio of 2.27 and a beta of 1.08.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHH. Atlanta Capital Management Co. L L C lifted its stake in shares of Choice Hotels International by 79.5% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 3,265,458 shares of the company’s stock valued at $233,741,000 after acquiring an additional 1,446,073 shares during the last quarter. Morgan Stanley lifted its stake in shares of Choice Hotels International by 692.0% in the 3rd quarter. Morgan Stanley now owns 307,370 shares of the company’s stock valued at $25,604,000 after acquiring an additional 268,559 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in shares of Choice Hotels International in the 3rd quarter valued at about $18,285,000. FMR LLC bought a new position in Choice Hotels International during the 3rd quarter valued at approximately $16,356,000. Finally, Brown Advisory Inc. raised its position in Choice Hotels International by 28.9% during the 3rd quarter. Brown Advisory Inc. now owns 814,588 shares of the company’s stock valued at $67,855,000 after purchasing an additional 182,520 shares during the last quarter. 58.91% of the stock is owned by institutional investors.
About Choice Hotels International
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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