Choice Hotels International (NYSE:CHH) Releases Earnings Results, Beats Estimates By $0.31 EPS

Choice Hotels International (NYSE:CHH) released its quarterly earnings data on Monday. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31, Briefing.com reports. The company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.82 EPS. Choice Hotels International updated its FY 2024 guidance to 6.700-6.870 EPS and its FY24 guidance to $6.70-6.87 EPS.

Choice Hotels International Trading Down 0.5 %

NYSE CHH traded down $0.69 on Thursday, reaching $143.79. The company had a trading volume of 40,696 shares, compared to its average volume of 480,456. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.27 and a beta of 1.24. The business has a 50 day moving average of $131.78 and a two-hundred day moving average of $124.29. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $149.75.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.03%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHH. UBS Group lowered their price objective on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Wednesday. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Susquehanna boosted their price objective on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $128.70.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $134.88, for a total value of $1,232,533.44. Following the completion of the sale, the executive vice president now owns 68,509 shares in the company, valued at approximately $9,240,493.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the transaction, the executive vice president now directly owns 68,509 shares in the company, valued at approximately $9,240,493.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares of the company’s stock, valued at $2,441,340. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,429 shares of company stock valued at $4,866,493. 24.02% of the stock is currently owned by insiders.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.