Choice Hotels International, Inc. (NYSE:CHH) Expected to Post Earnings of $0.87 Per Share

Equities analysts expect Choice Hotels International, Inc. (NYSE:CHH) to post earnings of $0.87 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Choice Hotels International’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $0.58. Choice Hotels International posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 569.2%. The company is expected to report its next earnings report before the market opens on Thursday, August 5th.

According to Zacks, analysts expect that Choice Hotels International will report full-year earnings of $3.33 per share for the current year, with EPS estimates ranging from $2.58 to $3.93. For the next fiscal year, analysts anticipate that the business will report earnings of $4.31 per share, with EPS estimates ranging from $3.58 to $4.88. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Choice Hotels International.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Sunday, May 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). The business had revenue of $183.00 million during the quarter, compared to the consensus estimate of $200.24 million. Choice Hotels International had a net margin of 5.72% and a negative return on equity of 821.46%. The business’s revenue for the quarter was down 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS.

A number of analysts have issued reports on CHH shares. Morgan Stanley boosted their price objective on shares of Choice Hotels International from $111.00 to $113.00 and gave the company an “equal weight” rating in a report on Monday, May 17th. Truist Financial boosted their target price on shares of Choice Hotels International from $90.00 to $102.00 in a research report on Tuesday, April 20th. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Tuesday. Finally, Truist Securities upped their price objective on shares of Choice Hotels International from $90.00 to $102.00 and gave the stock a “hold” rating in a research report on Tuesday, April 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $102.33.

In related news, SVP Scott E. Oaksmith sold 5,548 shares of the stock in a transaction on Monday, April 26th. The shares were sold at an average price of $112.47, for a total transaction of $623,983.56. Following the transaction, the senior vice president now directly owns 34,697 shares of the company’s stock, valued at $3,902,371.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick Cimerola sold 8,497 shares of the stock in a transaction on Friday, April 23rd. The stock was sold at an average price of $111.57, for a total transaction of $948,010.29. Following the transaction, the insider now directly owns 32,714 shares in the company, valued at $3,649,900.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,857 shares of company stock valued at $7,988,493. Corporate insiders own 21.15% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Choice Hotels International by 4.7% during the first quarter. BlackRock Inc. now owns 2,618,090 shares of the company’s stock worth $280,895,000 after acquiring an additional 117,147 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Choice Hotels International by 2.4% in the first quarter. Principal Financial Group Inc. now owns 1,227,318 shares of the company’s stock valued at $131,679,000 after buying an additional 28,455 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Choice Hotels International by 11.0% in the first quarter. Victory Capital Management Inc. now owns 1,047,710 shares of the company’s stock valued at $112,409,000 after buying an additional 103,542 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Choice Hotels International by 7.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 706,886 shares of the company’s stock valued at $75,446,000 after buying an additional 47,945 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Choice Hotels International by 5.3% in the first quarter. Brown Advisory Inc. now owns 609,969 shares of the company’s stock valued at $65,443,000 after buying an additional 30,450 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

NYSE CHH traded down $0.96 during trading on Thursday, reaching $117.31. The company’s stock had a trading volume of 3,941 shares, compared to its average volume of 206,823. The company has a debt-to-equity ratio of 55.06, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 155.62, a price-to-earnings-growth ratio of 1.66 and a beta of 1.49. Choice Hotels International has a 12 month low of $80.76 and a 12 month high of $123.77. The company has a 50 day moving average of $119.48.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 16th. Shareholders of record on Thursday, July 1st were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, June 30th. Choice Hotels International’s dividend payout ratio (DPR) is currently 40.54%.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

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

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