Choice Hotels International, Inc. (NYSE:CHH) Expected to Announce Earnings of $0.79 Per Share

Wall Street brokers expect Choice Hotels International, Inc. (NYSE:CHH) reported earnings of $0.79 per share for the current fiscal quarter, Zacks reports. Four analysts provided estimates for Choice Hotels International’s earnings, with the highest EPS estimate coming in at $1.00 and the lowest estimate at $0.59. Choice Hotels International reported earnings of $0.51 per share in the same quarter last year, indicating a positive annual growth rate of 54.9%. The company is expected to announce its next earnings report on Wednesday, February 16th.

On average, analysts expect Choice Hotels International to report full-year earnings of $4.01 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $4.31. For the next year, analysts expect the company to report earnings of $4.81 per share, with EPS estimates ranging from $4.59 to $5.03. Zacks EPS is an average based on a survey of research firms that provide coverage for Choice Hotels International.

Choice Hotels International (NYSE:CHH) released its latest quarterly earnings results on Thursday, November 4th. The company reported earnings of $1.51 per share for the quarter, topping Zacks’ estimate of $1.36 by $0.15. The company generated $323.40 million in revenue for the quarter, compared to analyst estimates 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 revenue increased 53.5% year-over-year. During the same period last year, the company earned $0.66 per share.

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A number of equity research analysts have recently influenced CHH’s stock. Jefferies Financial Group raised Choice Hotels International’s stock price target from $115.00 to $126.00 and assigned the company a “hold” rating in a report released on Friday, October 1st. Loop Capital began covering shares of Choice Hotels International in a report on Tuesday, October 5th. They set a “buy” rating and a target price of $145.00 for the company. 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 report released on Tuesday, November 9th. 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. Finally, Morgan Stanley raised its price target for Choice Hotels International shares from $121.00 to $132.00 and gave the stock an “equal” rating in a report released on Monday, November 8th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $128.11.

CHH traded down $6.13 during trading hours on Friday, reaching $144.41. 8,165 shares of the traded stock were traded, compared to an average trading volume of 295,328. The company’s fifty day simple moving average is $137.82 and its two hundred day simple moving average is $125.53. The company has a market capitalization of $8.03 billion, a price-earnings ratio of 34.89, a price-earnings ratio of 1.02 and a beta of 1.45. Choice Hotels International recorded a 52-week low of $98.90 and a 52-week high of $153.03. The company has a debt-to-equity ratio of 3.98, a trading ratio of 1.20 and a quick ratio of 1.20.

The company also recently announced a quarterly dividend, which was paid on Friday, October 15th. Shareholders of record on Friday, October 1st, received a dividend of $0.225. The ex-dividend date was Thursday, September 30th. This represents a dividend of $0.90 year-over-year and a dividend yield of 0.62%. Choice Hotels International’s payout rate is currently 21.69%.

In related news, SVP Simone Wu sold 1,904 shares of Choice Hotels International stock in a transaction dated Monday, September 27. The shares sold for an average price of $128.51, with a total value of $244,683.04. The sale was disclosed on file with the SEC, which can be accessed through this link. Also, Elizabeth A. Insider Redmond, 6,721 shares of Choice Hotels International stock in a transaction dated Thursday, September 23rd. The shares sold at an average price of $125.84, bringing the total transaction to $845,770.64. The disclosure of this sale can be found here. Over the past 90 days, insiders have sold 15,253 shares of company stock valued at $1,931,274. Insiders own 21.15% of the company’s shares.

Several hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley increased his stake in Choice Hotels International by 1,016.8% in the second quarter. Morgan Stanley now owns 7,445,449 shares of the company’s stock, valued at $88,498,000 after purchasing an additional 677,882 shares during the last quarter. Invesco Ltd. has increased Its stake in Choice Hotels International increased by 1,111.2% in the second quarter. Invesco Ltd. Now, 629,798 shares of the company’s stock are valued at $74,857,000 after purchasing an additional 577,798 shares during the last quarter. Balyasny Asset Management LLC acquired a new position in shares of Choice Hotels International in the second quarter valued at approximately $20,712,000. Federated Hermes Inc increased its stake in Choice Hotels International by 36.5% in the second quarter. Federated Hermes Inc now owns 60,8126 shares of the company’s stock, valued at $72,282,000 after purchasing an additional 162,511 shares during the last quarter. Finally, Boston Trust Walden Corp increased its stake in Choice Hotels International shares by 38.3% in the second quarter. Boston Trust Walden Corp now owns 544,480 shares of the company’s stock, valued at $64,717,000 after purchasing an additional 150,861 shares during the last quarter. Institutional investors own 77.14% of the company’s stock.

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.

Further reading: Insider Trading – What you need to know

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

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