Analysts Expect Choice Hotels International, Inc. (CHH) Will Announce Earnings of $0.92 Per Share
Equities analysts expect that Choice Hotels International, Inc. (NYSE:CHH) will report earnings of $0.92 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Choice Hotels International’s earnings. The lowest EPS estimate is $0.91 and the highest is $0.95. Choice Hotels International posted earnings per share of $0.84 during the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, November 2nd.
On average, analysts expect that Choice Hotels International will report full-year earnings of $2.85 per share for the current financial year, with EPS estimates ranging from $2.82 to $2.90. For the next financial year, analysts expect that the company will report earnings of $3.14 per share, with EPS estimates ranging from $3.07 to $3.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Choice Hotels International.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The business had revenue of $276.80 million during the quarter, compared to the consensus estimate of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS.
CHH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Wednesday, July 5th. BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Barclays PLC reiterated an “underweight” rating and issued a $60.00 target price (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Finally, Deutsche Bank AG lowered their price target on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $62.57.
In related news, CEO Stephen P. Joyce sold 44,116 shares of the firm’s 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 sale, the chief executive officer now owns 201,922 shares of the company’s stock, valued at approximately $12,696,855.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Stephen P. Joyce sold 17,024 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 176,943 shares in the company, valued at approximately $11,150,947.86. The disclosure for this sale can be found here. Insiders have sold 101,460 shares of company stock valued at $6,337,153 over the last ninety days. Corporate insiders own 22.01% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of CHH. BlackRock Inc. increased its position in Choice Hotels International by 2,026.0% in the first quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock worth $146,706,000 after buying an additional 2,233,299 shares during the period. Capital Growth Management LP bought a new stake in Choice Hotels International in the first quarter valued at $40,064,000. Renaissance Technologies LLC lifted its stake in Choice Hotels International by 159.2% in the first quarter. Renaissance Technologies LLC now owns 521,800 shares of the company’s stock valued at $32,665,000 after buying an additional 320,500 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Choice Hotels International by 61.9% in the first quarter. Macquarie Group Ltd. now owns 788,863 shares of the company’s stock valued at $49,383,000 after buying an additional 301,656 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in Choice Hotels International by 409.0% in the first quarter. Teachers Advisors LLC now owns 314,681 shares of the company’s stock valued at $19,699,000 after buying an additional 252,857 shares during the last quarter. Hedge funds and other institutional investors own 50.26% of the company’s stock.
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Choice Hotels International (NYSE CHH) traded up 0.08% on Wednesday, reaching $63.90. The company had a trading volume of 3,336 shares. The firm has a market capitalization of $3.58 billion, a PE ratio of 23.61 and a beta of 1.12. The stock has a 50 day moving average of $61.77 and a 200 day moving average of $63.28. Choice Hotels International has a 12 month low of $43.70 and a 12 month high of $67.80.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be paid a $0.215 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.35%. Choice Hotels International’s payout ratio is currently 31.85%.
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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