Brokerages expect Choice Hotels International Inc (NYSE:CHH) to announce $307.20 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Choice Hotels International’s earnings. The lowest sales estimate is $299.10 million and the highest is $314.19 million. Choice Hotels International posted sales of $291.49 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The business is expected to report its next earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Choice Hotels International will report full year sales of $1.10 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.11 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.15 billion, with estimates ranging from $1.11 billion to $1.17 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Choice Hotels International.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. Choice Hotels International had a net margin of 20.13% and a negative return on equity of 141.56%. The company had revenue of $317.68 million during the quarter, compared to the consensus estimate of $304.70 million. During the same quarter in the prior year, the firm posted $1.11 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis.
CHH has been the subject of a number of recent analyst reports. Bank of America downgraded shares of Choice Hotels International from a “buy” rating to a “neutral” rating and set a $86.07 price target for the company. in a report on Wednesday, June 12th. They noted that the move was a valuation call. Deutsche Bank reiterated a “hold” rating and set a $83.00 price objective on shares of Choice Hotels International in a research report on Thursday, August 8th. Barclays upped their price objective on shares of Choice Hotels International from $81.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 14th. Wells Fargo & Co upped their price objective on shares of Choice Hotels International from $89.00 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Finally, Robert W. Baird started coverage on shares of Choice Hotels International in a research report on Thursday, August 22nd. They set an “outperform” rating and a $97.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.31.
Shares of Choice Hotels International stock traded up $1.11 on Thursday, reaching $94.38. 337,432 shares of the stock were exchanged, compared to its average volume of 314,156. The firm’s 50 day moving average is $89.13 and its 200-day moving average is $84.61. Choice Hotels International has a one year low of $66.71 and a one year high of $94.78. The firm has a market cap of $5.19 billion, a PE ratio of 24.26, a P/E/G ratio of 2.26 and a beta of 0.95.
In other Choice Hotels International news, insider Robert J. Mcdowell sold 11,585 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $88.37, for a total value of $1,023,766.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 24.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in Choice Hotels International by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 313,296 shares of the company’s stock worth $22,425,000 after acquiring an additional 12,542 shares in the last quarter. Janus Henderson Group PLC bought a new position in Choice Hotels International during the first quarter worth $205,000. ETF Managers Group LLC boosted its stake in Choice Hotels International by 10.3% during the first quarter. ETF Managers Group LLC now owns 1,795 shares of the company’s stock worth $140,000 after acquiring an additional 167 shares in the last quarter. Crawford Investment Counsel Inc. boosted its stake in Choice Hotels International by 5.0% during the first quarter. Crawford Investment Counsel Inc. now owns 144,915 shares of the company’s stock worth $11,266,000 after acquiring an additional 6,845 shares in the last quarter. Finally, Bremer Bank National Association bought a new position in Choice Hotels International during the first quarter worth $107,000. Hedge funds and other institutional investors own 60.32% of the company’s stock.
About Choice Hotels International
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company 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, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.
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