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Choice Hotels International Inc. (NYSE:CHH) updated its third quarter earnings guidance on Friday. The company provided EPS guidance of $0.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68, Analyst Ratings reports.

A number of analysts have recently weighed in on CHH shares. 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 equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock currently has an average rating of Hold and an average target price of $44.88.

Shares of Choice Hotels International Inc. (NYSE:CHH) opened at 46.54 on Friday. Choice Hotels International Inc. has a 52-week low of $37.94 and a 52-week 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.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11. The company had revenue of $197.66 million for the quarter, compared to the consensus estimate of $193.28 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Choice Hotels International Inc. will post $1.92 earnings per share for the current fiscal year.

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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