Choice Hotels International Inc (NYSE:CHH) announced a quarterly dividend on Friday, September 14th, RTT News reports. Shareholders of record on Tuesday, October 2nd will be paid a dividend of 0.215 per share on Wednesday, October 17th. This represents a $0.86 annualized dividend and a yield of 1.07%.
Choice Hotels International has increased its dividend by an average of 5.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Choice Hotels International has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Choice Hotels International to earn $4.09 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 21.0%.
Shares of NYSE CHH opened at $80.75 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of -3.90. Choice Hotels International has a 1-year low of $61.25 and a 1-year high of $85.35. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 2.47 and a beta of 1.06.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.07. Choice Hotels International had a negative return on equity of 87.57% and a net margin of 14.08%. The company had revenue of $295.40 million for the quarter, compared to the consensus estimate of $307.89 million. During the same quarter in the prior year, the business earned $0.79 EPS. Choice Hotels International’s revenue was up 13.2% on a year-over-year basis. research analysts expect that Choice Hotels International will post 3.76 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. Jefferies Financial Group initiated coverage on Choice Hotels International in a report on Thursday, May 31st. They set a “hold” rating and a $85.00 price target on the stock. ValuEngine cut Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Zacks Investment Research cut Choice Hotels International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Longbow Research initiated coverage on Choice Hotels International in a research report on Friday, September 7th. They set a “buy” rating and a $95.00 price objective for the company. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Choice Hotels International in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $83.22.
About Choice Hotels International
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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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