Zacks: Brokerages Expect Choice Hotels International, Inc. (CHH) to Post $0.77 EPS
Equities analysts expect Choice Hotels International, Inc. (NYSE:CHH) to report $0.77 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Choice Hotels International’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.76. Choice Hotels International reported earnings of $0.71 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The firm is expected to announce its next earnings report on Tuesday, August 1st.
On average, analysts expect that Choice Hotels International will report full year earnings of $2.84 per share for the current financial year, with EPS estimates ranging from $2.81 to $2.89. For the next year, analysts expect that the company will report earnings of $3.12 per share, with EPS estimates ranging from $2.98 to $3.24. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Choice Hotels International.
Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The company had revenue of $197.89 million for the quarter, compared to analysts’ expectations of $216.24 million. Choice Hotels International had a net margin of 16.05% and a negative return on equity of 45.12%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
CHH has been the subject of several recent research reports. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, March 28th. Morgan Stanley cut Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a research note on Friday, May 5th. They noted that the move was a valuation call. Finally, Telsey Advisory Group upped their price target on Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $61.00.
Shares of Choice Hotels International (CHH) traded down 0.39% during trading on Thursday, hitting $64.65. 24,508 shares of the stock traded hands. Choice Hotels International has a 1-year low of $43.70 and a 1-year high of $67.80. The company has a 50 day moving average of $65.00 and a 200-day moving average of $61.71. The company has a market cap of $3.62 billion, a PE ratio of 24.82 and a beta of 1.11.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Monday, July 3rd were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, June 29th. Choice Hotels International’s dividend payout ratio (DPR) is currently 33.20%.
In other news, CEO Stephen P. Joyce sold 44,116 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $62.88, for a total value of $2,774,014.08. Following the completion of the sale, the chief executive officer now owns 201,922 shares of the company’s stock, valued at approximately $12,696,855.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen P. Joyce sold 17,024 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total value of $1,072,852.48. Following the completion of the sale, the chief executive officer now directly owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The disclosure for this sale can be found here. Corporate insiders own 22.01% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CHH. Principal Financial Group Inc. increased its stake in Choice Hotels International by 0.7% in the first quarter. Principal Financial Group Inc. now owns 21,196 shares of the company’s stock valued at $1,327,000 after buying an additional 143 shares during the last quarter. Trexquant Investment LP boosted its stake in Choice Hotels International by 7.9% in the first quarter. Trexquant Investment LP now owns 4,472 shares of the company’s stock worth $280,000 after buying an additional 328 shares during the period. Swiss National Bank boosted its stake in Choice Hotels International by 1.0% in the first quarter. Swiss National Bank now owns 60,067 shares of the company’s stock worth $3,760,000 after buying an additional 600 shares during the period. Pacer Advisors Inc. boosted its stake in Choice Hotels International by 14.6% in the first quarter. Pacer Advisors Inc. now owns 6,329 shares of the company’s stock worth $396,000 after buying an additional 806 shares during the period. Finally, Crawford Investment Counsel Inc. boosted its stake in Choice Hotels International by 1.5% in the first quarter. Crawford Investment Counsel Inc. now owns 56,350 shares of the company’s stock worth $3,528,000 after buying an additional 860 shares during the period. 49.80% of the stock is owned by institutional investors.
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Choice Hotels International Company Profile
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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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