Analysts expect Choice Hotels International, Inc. (NYSE:CHH) to post sales of $290.09 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Choice Hotels International’s earnings, with estimates ranging from $281.48 million to $299.88 million. Choice Hotels International posted sales of $267.58 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.4%. The firm is expected to announce its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Choice Hotels International will report full year sales of $290.09 million for the current financial year, with estimates ranging from $977.15 million to $1.01 billion. For the next year, analysts anticipate that the company will post sales of $1.04 billion per share, with estimates ranging from $1.02 billion to $1.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Choice Hotels International.

Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. Choice Hotels International’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS.

CHH has been the topic of several research reports. BidaskClub upgraded shares of Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Deutsche Bank AG dropped their price objective on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Finally, Barclays PLC reiterated an “underweight” rating and issued a $60.00 price objective (down previously from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Choice Hotels International currently has a consensus rating of “Hold” and an average target price of $62.57.

Shares of Choice Hotels International (CHH) opened at 61.45 on Friday. Choice Hotels International has a 1-year low of $43.70 and a 1-year high of $67.80. The stock has a market capitalization of $3.45 billion, a PE ratio of 22.70 and a beta of 1.11. The firm has a 50-day moving average of $61.55 and a 200 day moving average of $63.18.

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In other news, 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 transaction of $2,774,014.08. Following the transaction, the chief executive officer now owns 201,922 shares in the company, valued at approximately $12,696,855.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 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. In the last 90 days, insiders have sold 101,460 shares of company stock worth $6,337,153. 22.01% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Choice Hotels International by 10.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after purchasing an additional 157 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Choice Hotels International by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after purchasing an additional 106 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Choice Hotels International during the 2nd quarter worth $108,000. KBC Group NV acquired a new position in shares of Choice Hotels International during the 1st quarter worth $120,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Choice Hotels International during the 1st quarter worth $130,000. Institutional investors own 50.27% of the company’s stock.

About Choice Hotels International

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

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