Choice Hotels International (CHH) Announces Quarterly Earnings, Beats Expectations By $0.11 EPS
Choice Hotels International (NYSE:CHH) issued its quarterly earnings data on Friday. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11, AnalystRatingsNetwork.com reports. The company had revenue of $197.66 million for the quarter, compared to the consensus estimate of $193.28 million.
Shares of Choice Hotels International (NYSE:CHH) opened at 46.54 on Friday. Choice Hotels International has a one year low of $37.94 and a one year high of $50.37. The stock’s 50-day moving average is $47.94 and its 200-day moving average is $46.70. The company has a market cap of $2.694 billion and a P/E ratio of 23.88.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Choice Hotels International in a research note on Wednesday, July 9th. They now have a $48.00 price target on the stock, up previously from $44.00. Analysts at Nomura raised their price target on shares of Choice Hotels International from $45.00 to $49.00 in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Choice Hotels International currently has an average rating of “Hold” and an average price target of $44.88.
Choice Hotels International, Inc(NYSE:CHH) is one of the hotel franchisors with 6,243 hotels open and 482 hotels under construction, awaiting conversion or approved for development as of December 31, 2012 representing 499,253 rooms open and 38,969 rooms under construction, awaiting conversion or approved for development in 49 states, the District of Columbia and over 35 countries and territories outside the United States.
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