Analysts predict that Choice Hotels International, Inc. (NYSE:CHH) will post sales of $224.35 million for the current quarter, according to Zacks. Three analysts have issued estimates for Choice Hotels International’s earnings, with estimates ranging from $220.98 million to $226.68 million. Choice Hotels International reported sales of $208.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.8%. The company is expected to announce its next earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Choice Hotels International will report full-year sales of $224.35 million for the current year, with estimates ranging from $977.15 million to $996.47 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.04 billion per share, with estimates ranging from $1.02 billion to $1.07 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Choice Hotels International.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.92 by $0.03. The company had revenue of $295.09 million during the quarter, compared to analyst estimates of $288.50 million. Choice Hotels International had a net margin of 15.66% and a negative return on equity of 60.41%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS.

A number of research firms have recently issued reports on CHH. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. BidaskClub lowered shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday, October 17th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $71.00 target price on shares of Choice Hotels International in a report on Friday. Finally, Deutsche Bank AG dropped their target price on shares of 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, two have assigned a buy rating and one has issued a strong buy rating to the company. Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $65.00.

In other news, insider David A. Pepper sold 1,071 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $61.09, for a total transaction of $65,427.39. Following the transaction, the insider now owns 69,864 shares of the company’s stock, valued at approximately $4,267,991.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Bruce Bainum sold 7,977 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $62.15, for a total transaction of $495,770.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,320 shares of company stock worth $2,490,287. Corporate insiders own 22.01% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Choice Hotels International by 7.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock valued at $180,173,000 after acquiring an additional 197,890 shares during the last quarter. BlackRock Inc. boosted its position in shares of Choice Hotels International by 2,026.0% during the 1st quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock valued at $146,706,000 after acquiring an additional 2,233,299 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Choice Hotels International by 16.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,148,444 shares of the company’s stock valued at $73,386,000 after acquiring an additional 162,255 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Choice Hotels International by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 946,179 shares of the company’s stock valued at $60,461,000 after acquiring an additional 20,667 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of Choice Hotels International by 4.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 888,607 shares of the company’s stock valued at $57,093,000 after acquiring an additional 35,925 shares during the last quarter. 50.22% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.dailypolitical.com/2017/11/14/brokerages-expect-choice-hotels-international-inc-chh-will-announce-quarterly-sales-of-224-35-million.html.

Shares of Choice Hotels International (NYSE:CHH) remained flat at $$74.10 during midday trading on Tuesday. The company’s stock had a trading volume of 316,300 shares, compared to its average volume of 201,482. The company has a market cap of $4,193.60, a PE ratio of 26.37, a price-to-earnings-growth ratio of 3.05 and a beta of 1.13. 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 12 month low of $49.65 and a 12 month high of $76.41.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd were given a dividend of $0.215 per share. The ex-dividend date was Friday, September 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.16%. Choice Hotels International’s payout ratio is 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.

Get a free copy of the Zacks research report on Choice Hotels International (CHH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Choice Hotels International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.