Choice Hotels International Inc (NYSE:CHH) – Stock analysts at SunTrust Banks reduced their Q1 2019 earnings per share (EPS) estimates for Choice Hotels International in a research report issued on Thursday, November 15th. SunTrust Banks analyst P. Scholes now forecasts that the company will earn $0.76 per share for the quarter, down from their previous forecast of $0.86. SunTrust Banks has a “Hold” rating and a $80.00 price objective on the stock. SunTrust Banks also issued estimates for Choice Hotels International’s Q2 2019 earnings at $1.31 EPS, Q3 2019 earnings at $1.31 EPS and Q4 2019 earnings at $0.88 EPS.

Several other brokerages have also recently weighed in on CHH. Zacks Investment Research cut Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. TheStreet raised Choice Hotels International from a “c+” rating to a “b-” rating in a research note on Friday, September 28th. Longbow Research started coverage on Choice Hotels International in a research note on Friday, September 7th. They set a “buy” rating and a $95.00 target price for the company. ValuEngine cut Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Wells Fargo & Co decreased their target price on Choice Hotels International from $86.00 to $82.00 and set a “market perform” rating for the company in a research note on Thursday, November 15th. 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 currently has a consensus rating of “Hold” and an average target price of $82.11.

Shares of CHH stock opened at $76.37 on Monday. Choice Hotels International has a fifty-two week low of $69.06 and a fifty-two week high of $85.35. The stock has a market cap of $4.42 billion, a P/E ratio of 26.52, a PEG ratio of 2.41 and a beta of 1.06.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, November 8th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. Choice Hotels International had a negative return on equity of 98.61% and a net margin of 17.26%. The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $321.69 million. During the same quarter last year, the business posted $0.95 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis.

In other news, CEO Patrick Pacious sold 9,613 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $82.02, for a total transaction of $788,458.26. Following the completion of the sale, the chief executive officer now directly owns 132,599 shares of the company’s stock, valued at $10,875,769.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Patrick Cimerola sold 5,180 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $83.05, for a total value of $430,199.00. Following the sale, the insider now directly owns 26,009 shares of the company’s stock, valued at $2,160,047.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,323 shares of company stock valued at $4,553,317. 24.38% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of Choice Hotels International by 692.0% during the third quarter. Morgan Stanley now owns 307,370 shares of the company’s stock valued at $25,604,000 after purchasing an additional 268,559 shares during the last quarter. Banco de Sabadell S.A purchased a new stake in shares of Choice Hotels International during the third quarter valued at $542,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Choice Hotels International during the third quarter valued at $496,000. Macquarie Group Ltd. lifted its holdings in shares of Choice Hotels International by 1.7% during the third quarter. Macquarie Group Ltd. now owns 889,446 shares of the company’s stock valued at $74,091,000 after purchasing an additional 14,470 shares during the last quarter. Finally, Summit Global Investments lifted its holdings in shares of Choice Hotels International by 10.5% during the third quarter. Summit Global Investments now owns 78,884 shares of the company’s stock valued at $6,571,000 after purchasing an additional 7,509 shares during the last quarter. 57.19% of the stock is owned by institutional investors and hedge funds.

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

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