Choice Hotels International, Inc. (CHH) to Release Quarterly Earnings on Monday
Choice Hotels International, Inc. (NYSE:CHH) is set to issue its quarterly earnings data before the market opens on Monday, July 31st. Analysts expect the company to announce earnings of $0.77 per share for the quarter. Choice Hotels International has set its Q2 guidance at $0.75-0.77 EPS and its FY17 guidance at $2.78-2.84 EPS.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Choice Hotels International had a net margin of 16.05% and a negative return on equity of 45.12%. The company had revenue of $197.89 million for the quarter, compared to the consensus estimate of $216.24 million. During the same period last year, the company earned $0.37 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. On average, analysts expect Choice Hotels International to post $2.84 EPS for the current fiscal year and $3.12 EPS for the next fiscal year.
Shares of Choice Hotels International, Inc. (CHH) opened at 64.19 on Monday. The stock has a 50 day moving average of $64.99 and a 200-day moving average of $61.73. The firm has a market capitalization of $3.60 billion, a P/E ratio of 24.64 and a beta of 1.11. Choice Hotels International, Inc. has a 12-month low of $43.70 and a 12-month high of $67.80.
A number of brokerages recently issued reports on CHH. Zacks Investment Research upgraded 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. Morgan Stanley cut 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. Finally, Telsey Advisory Group increased their target price on Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, May 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 company presently has an average rating of “Hold” and a consensus price target of $61.00.
In related news, CEO Stephen P. Joyce sold 17,024 shares of the stock in a transaction on Wednesday, July 12th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen P. Joyce sold 44,116 shares of the stock in a transaction on Monday, July 10th. The shares were 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 directly owns 201,922 shares of the company’s stock, valued at $12,696,855.36. The disclosure for this sale can be found here. 22.01% of the stock is owned by company insiders.
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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