Choice Hotels International Inc (CHH) Expected to Announce Quarterly Sales of $227.08 Million

Equities research analysts forecast that Choice Hotels International Inc (NYSE:CHH) will report $227.08 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Choice Hotels International’s earnings, with the lowest sales estimate coming in at $225.38 million and the highest estimate coming in at $229.17 million. Choice Hotels International posted sales of $208.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, February 20th.

According to Zacks, 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 fiscal year, analysts anticipate that the business will post sales of $1.05 billion per share, with estimates ranging from $1.03 billion to $1.07 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Choice Hotels International.

Several brokerages have weighed in on CHH. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Tuesday, January 9th. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price target on the stock. in a report on Wednesday, December 13th. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. SunTrust Banks reaffirmed a “hold” rating and set a $71.00 price target on shares of Choice Hotels International in a report on Friday, November 10th. Finally, Barclays lifted their price objective on shares of Choice Hotels International from $60.00 to $67.00 and gave the company an “underweight” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $69.13.

In other news, major shareholder Bruce Bainum sold 250,000 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $74.05, for a total transaction of $18,512,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Patrick Pacious sold 11,149 shares of Choice Hotels International stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $75.78, for a total transaction of $844,871.22. Following the sale, the chief executive officer now owns 124,073 shares in the company, valued at approximately $9,402,251.94. The disclosure for this sale can be found here. Company insiders own 22.01% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CHH. The Manufacturers Life Insurance Company raised its position 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 valued at $106,000 after buying an additional 106 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Choice Hotels International by 43.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,311 shares of the company’s stock worth $179,000 after purchasing an additional 700 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Choice Hotels International in the fourth quarter worth $186,000. New York State Teachers Retirement System bought a new stake in Choice Hotels International in the third quarter worth $192,000. Finally, Magnetar Financial LLC bought a new stake in Choice Hotels International in the third quarter worth $202,000. Hedge funds and other institutional investors own 50.76% of the company’s stock.

Choice Hotels International (NYSE CHH) opened at $76.40 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of -3.99. Choice Hotels International has a 1-year low of $56.05 and a 1-year high of $82.85. The firm has a market cap of $4,482.23, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 1.90 and a beta of 1.16.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, December 29th. Choice Hotels International’s payout ratio is currently 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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