Choice Hotels International, Inc. (NYSE:CHH) – Stock analysts at SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for shares of Choice Hotels International in a research note issued to investors on Wednesday. SunTrust Banks analyst P. Scholes now forecasts that the company will post earnings per share of $2.85 for the year, up from their previous estimate of $2.81. SunTrust Banks also issued estimates for Choice Hotels International’s Q4 2017 earnings at $0.62 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $1.01 EPS, Q4 2018 earnings at $0.67 EPS and FY2018 earnings at $3.07 EPS.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $276.80 million during the quarter, compared to analyst estimates of $254.68 million. Choice Hotels International had a negative return on equity of 48.80% and a net margin of 16.11%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS.

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Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Wednesday, July 5th. Barclays PLC lowered their price target on Choice Hotels International from $61.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday. Deutsche Bank AG lowered their price target on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday. BidaskClub upgraded Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Morgan Stanley lowered Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price target on the stock. in a research note on Friday, May 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.57.

Choice Hotels International (NYSE CHH) opened at 62.65 on Monday. The stock has a 50 day moving average price of $64.85 and a 200 day moving average price of $62.35. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 23.15 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.

In other news, CEO Stephen P. Joyce sold 17,024 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 176,943 shares in the company, valued at approximately $11,150,947.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen P. Joyce sold 44,116 shares of the company’s stock in a transaction that occurred 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 owns 201,922 shares in the company, valued at $12,696,855.36. The disclosure for this sale can be found here. Corporate insiders own 22.01% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its stake in 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. Legal & General Group Plc raised its stake in Choice Hotels International by 1.1% in the second quarter. Legal & General Group Plc now owns 12,168 shares of the company’s stock valued at $782,000 after buying an additional 136 shares in the last quarter. Principal Financial Group Inc. raised 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 in the last quarter. Trexquant Investment LP raised 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 valued at $280,000 after buying an additional 328 shares in the last quarter. Finally, Swiss National Bank raised 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 valued at $3,760,000 after buying an additional 600 shares in the last quarter. Institutional investors own 49.70% 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.

Earnings History and Estimates for Choice Hotels International (NYSE:CHH)

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