Choice Hotels International, Inc. (NYSE: CHH) is expected to report earnings of $ 0.79 per share
Wall Street brokerages predict that Choice Hotels International, Inc. (NYSE: CHH) will post earnings of $ 0.79 per share for the current fiscal quarter, Zacks reports. Four analysts provided earnings estimates for Choice Hotels International, with the highest EPS estimate being $ 1.00 and the lowest estimate being $ 0.59. Choice Hotels International posted earnings of $ 0.51 per share for the same quarter last year, indicating a positive year-over-year growth rate of 54.9%. The company is expected to announce its next earnings report on Wednesday, February 16.
On average, analysts predict that Choice Hotels International will report annual earnings of $ 4.01 per share for the current fiscal year, with EPS estimates ranging from $ 3.48 to $ 4.31. For next year, analysts predict the company will report earnings of $ 4.81 per share, with EPS estimates ranging from $ 4.59 to $ 5.03. Zacks’ BPA calculations are an average based on a survey of research companies that provide coverage for Choice Hotels International.
Choice Hotels International (NYSE: CHH) last released its quarterly results on Thursday, November 4. The company reported earnings per share of $ 1.51 for the quarter, beating the Zacks consensus estimate of $ 1.36 by $ 0.15. The company posted revenue of $ 323.40 million in the quarter, compared to analysts’ estimates of $ 336.99 million. Choice Hotels International had a net margin of 23.80% and a return on equity of 258.96%. The company’s revenue grew 53.5% year-over-year. During the same period last year, the company made EPS of $ 0.66.
A number of equity research analysts have recently weighed in on CHH stocks. Jefferies Financial Group raised its price target for the shares of Choice Hotels International from $ 115.00 to $ 126.00 and assigned the company a âholdâ rating in a report released on Friday, October 1. Loop Capital began covering shares of Choice Hotels International in a report on Tuesday, October 5. They set a “buy” rating and a price target of $ 145.00 for the company. Deutsche Bank Aktiengesellschaft raised its price target for Choice Hotels International shares from $ 113.00 to $ 128.00 and gave the company a âholdâ rating in a report released on Tuesday, November 9. Zacks Investment Research downgraded Choice Hotels International stock from a âbuyâ rating to a âholdâ rating and set a price target of $ 159.00 for the company. in a report on Wednesday, November 10. Finally, Morgan Stanley raised its price target for the shares of Choice Hotels International from $ 121.00 to $ 132.00 and gave the stock an “equal weight” rating in a report released on Monday, November 8. Seven analysts rated the stock with a conservation rating and one issued a buy rating for the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $ 128.11.
CHH traded at $ 6.13 during Friday trading hours, reaching $ 144.41. 8,165 shares of the stock traded for an average volume of 295,328. The company’s fifty-day simple moving average is $ 137.82 and its two-hundred-day simple moving average is $ 125.53 . The company has a market cap of $ 8.03 billion, a price / earnings ratio of 34.89, a PEG ratio of 1.02 and a beta of 1.45. Choice Hotels International has a fifty-two week minimum of $ 98.90 and a fifty-two week maximum of $ 153.03. The company has a debt ratio of 3.98, a current ratio of 1.20, and a quick ratio of 1.20.
The company also recently declared a quarterly dividend, which was paid on Friday, October 15. Shareholders of record on Friday October 1 received a dividend of $ 0.225. The ex-dividend date of this dividend was Thursday, September 30. This represents a dividend of $ 0.90 on an annualized basis and a dividend yield of 0.62%. Choice Hotels International’s payout ratio is currently 21.69%.
Meanwhile, Senior Vice President Simone Wu sold 1,904 shares of Choice Hotels International in a transaction dated Monday, September 27. The shares were sold for an average price of $ 128.51, for a total value of $ 244,683.04. The sale was disclosed in a file with the SEC, accessible through this link. In addition, insider Elizabeth A. Redmond sold 6,721 shares of Choice Hotels International in a transaction dated Thursday, September 23. The shares were sold at an average price of $ 125.84, for a total trade of $ 845,770.64. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 15,253 shares of the company valued at $ 1,931,274. Insiders own 21.15% of the company’s shares.
Several hedge funds have recently increased or reduced their stakes in the company. Morgan Stanley increased its stake in the shares of Choice Hotels International by 1,016.8% in the second quarter. Morgan Stanley now owns 744,549 shares of the company valued at $ 88,498,000 after purchasing an additional 677,882 shares in the last quarter. Invesco Ltd. increased its stake in the shares of Choice Hotels International by 1,111.2% in the second quarter. Invesco Ltd. now owns 629,798 shares of the company valued at $ 74,857,000 after purchasing an additional 577,798 shares during the last quarter. Balyasny Asset Management LLC acquired a new position in Choice Hotels International shares in the second quarter valued at approximately $ 20,712,000. Federated Hermes Inc. increased its stake in the shares of Choice Hotels International by 36.5% in the 2nd quarter. Federated Hermes Inc. now owns 608,126 shares of the company valued at $ 72,282,000 after purchasing an additional 162,511 shares during the last quarter. Finally, Boston Trust Walden Corp increased its stake in the shares of Choice Hotels International by 38.3% in the second quarter. Boston Trust Walden Corp now owns 544,480 shares of the company valued at $ 64,717,000 after purchasing an additional 150,861 shares during the last quarter. Institutional investors hold 77.14% of the shares of the company.
About Choice Hotels International
Choice Hotels International, Inc. engages in the franchising and operation of hotels. It operates through the Hotel Franchise, Businesses and Others segments. The Hotel Franchise segment refers to the hotel franchise operations comprised of several of the Company’s hotel brands. The Corporate and Others segment is responsible for hotel and rental income related to office buildings owned by the company.
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