Equity analysts expected Choice Hotels International, Inc. NYSE: CHH Sales of $278.20 million for the current quarter, according to Zacks. Four analysts have provided estimates for Choice Hotels International’s earnings, with the lowest estimate coming in at $259.30 million for sales and the highest estimate at $34.93 million. Choice Hotels International reported sales of $193.39 million in the same quarter last year, indicating a positive year-over-year growth rate of 43.9%. The company is expected to release its next quarterly earnings report on Wednesday, February 16th.
According to Zacks, analysts expect Choice Hotels International to report full-year sales of $1.06 billion for the current fiscal year, with estimates ranging from $1.04 billion to $1.09 billion. Next year, analysts expect the company to report $1.19 billion in sales, with estimates ranging from $1.15 billion to $1.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts who follow Choice Hotels International.
Choice Hotels International (NYSE:CHH) published its latest earnings results on Thursday, November 4th. The company reported $1.51 earnings per share for the quarter, topping Thomson Reuters’ estimates of $1.36 by $0.15. The company generated $323.40 million in revenue for the quarter, compared to the consensus estimate of $336.99 million. Choice Hotels International’s net profit margin was 23.80% and the return on equity was 258.96%. The company’s third-quarter revenue increased by 53.5% compared to the same quarter last year. During the same period in the previous year, the company reported earnings of $0.66 per share.
Several research companies have recently released reports on CHH. Zacks Investment Research lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $159.00 price target for the company. In a report on Wednesday, November 10. Wells Fargo & Company lowered Choice Hotels International’s stock rating from an “overweight” rating to an “equal weight” rating and raised its share price target from $135.00 to $155.00 in a report on Wednesday, November 17th. They noted that this step was a call for evaluation. Trust Securities raised its price target for Choice Hotels International’s stock from $114.00 to $125.00 and assigned the company a “hold” rating in a research note on Friday, December 3rd. Jefferies Financial Group raised its price target for Choice Hotels International’s stock from $115.00 to $126.00 and assigned the company a “hold” rating in a research note on Friday, October 1st. Finally, Deutsche Bank Aktiengesellschaft raised its price target for Choice Hotels International shares from $113.00 to $128.00 and gave the company a “pending” rating in a research note on Tuesday, November 9th. Nine analysts have rated the stock with a pending rating, and according to data from MarketBeat, the company currently has a consensus rating of “Hold” and a target price of $130.30.
NYSE CHH opened at $143.22 on Friday. The company’s current ratio is 1.20, a quick ratio of 1.20, and a debt-to-equity ratio of 3.98. The company has a fifty-day simple moving average of $143.43 and a 200-day simple moving average of $128.50. The company has a market capitalization of $7.97 billion, a P/E ratio of 34.51, a P/E ratio of 0.97 and a beta of 1.44. Choice Hotels International recorded a one-year low of $100.11 and a one-year high of $153.03.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 18th. Shareholders of record on Tuesday, January 4th will issue a dividend of $0.2375 per share. The date for exclusion from these earnings is Monday, January 3rd. This represents a dividend of $0.95 year-over-year and a return of 0.66%. This is a positive change from Choice Hotels International’s previous quarterly dividend of $0.23. Choice Hotels International’s dividend yield is currently 21.69%.
In other news, CFO Dominic Drgisich sold 4,425 shares of the company’s stock in a transaction dated Friday, September 24th. The shares sold for an average price of $127.59, with a total value of $564,585.75. The sale was disclosed in a document submitted to the Securities and Exchange Commission, which is available on the Saudi Electricity Company’s website. Also, SVP Simone Wu sold 1,904 shares of the company’s stock in a transaction dated Monday, September 27. The shares sold at an average price of $128.51, bringing the total transaction to $244,683.04. The disclosure of this sale can be found here. In the past three months, insiders have sold 15,253 shares of the company’s stock valued at $1,931,274. Insiders own 21.15% of the company’s shares.
Several hedge funds and other institutional investors have recently modified their holdings of CHH. American International Group Inc raised its stake in Choice Hotels International by 10.0% during the third quarter. American International Group Inc. owns. Now 56,845 shares of the company’s stock are valued at $7,184,000 after purchasing an additional 5,146 shares during this period. Bank of New York Mellon Corp raised its stake in Choice Hotels International by 15.4% during the third quarter. Bank of New York Mellon Corp. now owns 320,911 shares of the company’s stock, valued at $40,553,000 after purchasing an additional 42,832 shares during the period. Gyon Technologies Capital Management LP acquired a new stake in Choice Hotels International during the third quarter valued at approximately $428,000. Schonfeld Strategic Advisors LLC acquired a new stake in Choice Hotels International during the third quarter valued at approximately $284,000. Finally, Captrust Financial Advisors raised its stake in Choice Hotels International by 77.3% during the third quarter. Captrust Financial Advisors now owns 312 shares of the company’s stock, valued at $39,000 after purchasing an additional 136 shares during this period. 77.14% of the shares are currently owned by institutional investors.
About Choice Hotels International
Choice Hotels International, Inc. is involved in franchising and operating hotels. It operates through hotel franchising, corporate and other sectors. The hotel franchise segment refers to the hotel franchise operations that consist of the company’s many hotel brands. The corporate and other segment deals with hotel income and rental income related to company-owned office buildings.
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