Equities research analysts expect that Choice Hotels International Inc (NYSE:CHH) will report $227.08 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Choice Hotels International’s earnings. The lowest sales estimate is $225.38 million and the highest is $229.17 million. Choice Hotels International reported sales of $208.20 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, February 20th.
On average, analysts expect that Choice Hotels International will report full-year sales of $227.08 million for the current fiscal year, with estimates ranging from $995.17 million to $998.95 million. For the next financial year, analysts anticipate that the firm will report sales of $1.05 billion per share, with estimates ranging from $1.03 billion to $1.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Choice Hotels International.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. Choice Hotels International had a net margin of 15.66% and a negative return on equity of 60.41%. The business had revenue of $295.09 million during the quarter, compared to analysts’ expectations of $288.50 million. During the same period in the previous year, the company earned $0.84 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis.
In other news, CEO Patrick Pacious sold 11,149 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $75.78, for a total transaction of $844,871.22. Following the transaction, the chief executive officer now directly owns 124,073 shares in the company, valued at $9,402,251.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Bruce Bainum sold 250,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total transaction of $18,512,500.00. The disclosure for this sale can be found here. Insiders own 22.01% of the company’s stock.
Several institutional investors have recently modified their holdings of CHH. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Choice Hotels International by 10.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after acquiring an additional 157 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Choice Hotels International by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after acquiring an additional 106 shares during the period. Quantbot Technologies LP acquired a new position in shares of Choice Hotels International during the second quarter worth about $108,000. State of Alaska Department of Revenue acquired a new position in shares of Choice Hotels International during the fourth quarter worth about $186,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Choice Hotels International during the third quarter worth about $192,000. Institutional investors and hedge funds own 50.77% of the company’s stock.
Shares of Choice Hotels International (NYSE:CHH) traded down $1.25 during trading hours on Tuesday, reaching $80.90. 208,500 shares of the company traded hands, compared to its average volume of 216,186. The company has a debt-to-equity ratio of -3.99, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market cap of $4,649.18, a price-to-earnings ratio of 29.96, a P/E/G ratio of 1.97 and a beta of 1.18. Choice Hotels International has a 12-month low of $54.90 and a 12-month high of $82.25.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.06%. Choice Hotels International’s dividend payout ratio (DPR) is 31.85%.
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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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