Analysts Expect Choice Hotels International, Inc. (NYSE:CHH) Will Announce Quarterly Sales of $255.23 Million
Analysts expect Choice Hotels International, Inc. (NYSE:CHH) to report sales of $255.23 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Choice Hotels International’s earnings, with estimates ranging from $251.94 million to $258.78 million. Choice Hotels International reported sales of $241.75 million in the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The company is expected to report its next earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Choice Hotels International will report full-year sales of $255.23 million for the current year, with estimates ranging from $950.30 million to $972.94 million. For the next financial year, analysts expect that the firm will report sales of $1.01 billion per share, with estimates ranging from $990.42 million to $1.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Choice Hotels International.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Choice Hotels International had a negative return on equity of 45.12% and a net margin of 16.05%. The company had revenue of $197.89 million for the quarter, compared to the consensus estimate of $216.24 million. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year.
Several research firms recently issued reports on CHH. Morgan Stanley lowered shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a report on Friday, May 5th. They noted that the move was a valuation call. Telsey Advisory Group boosted their target price on shares of Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Friday, May 5th. Finally, Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $61.00.
Shares of Choice Hotels International (CHH) traded down 0.48% during trading on Friday, hitting $64.19. The company had a trading volume of 168,737 shares. The firm has a 50 day moving average of $64.99 and a 200 day moving average of $61.73. The stock has a market cap of $3.60 billion, a PE ratio of 24.64 and a beta of 1.11. Choice Hotels International has a 12-month low of $43.70 and a 12-month high of $67.80.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 3rd were issued a $0.215 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.86 annualized dividend and a yield of 1.34%. Choice Hotels International’s payout ratio is 33.20%.
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In other news, CEO Stephen P. Joyce sold 44,116 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the transaction, the chief executive officer now owns 201,922 shares in the company, valued at $12,696,855.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen P. Joyce sold 17,024 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total transaction of $1,072,852.48. Following the transaction, the chief executive officer now owns 176,943 shares in the company, valued at approximately $11,150,947.86. The disclosure for this sale can be found here. 22.01% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in CHH. KBC Group NV bought a new position in shares of Choice Hotels International during the first quarter valued at $120,000. Russell Investments Group Ltd. bought a new position in shares of Choice Hotels International during the fourth quarter valued at $130,000. O Shaughnessy Asset Management LLC bought a new position in shares of Choice Hotels International during the first quarter valued at $130,000. Huntington National Bank raised its position in shares of Choice Hotels International by 4.7% in the second quarter. Huntington National Bank now owns 2,709 shares of the company’s stock valued at $174,000 after buying an additional 121 shares in the last quarter. Finally, United Capital Financial Advisers LLC bought a new position in shares of Choice Hotels International during the first quarter valued at $212,000. Hedge funds and other institutional investors own 49.80% of the company’s stock.
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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