Choice Hotels International (NYSE:CHH) Releases Earnings Results, Misses Expectations By $0.04 EPS

Choice Hotels International (NYSE:CHHGet Rating) announced its earnings results on Thursday. The company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.04), Briefing.com reports. The business had revenue of $367.80 million for the quarter, compared to the consensus estimate of $322.24 million. Choice Hotels International had a return on equity of 92.23% and a net margin of 28.72%. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 earnings per share.

Choice Hotels International Trading Down 2.2 %

Shares of NYSE CHH traded down $2.54 during midday trading on Friday, reaching $111.78. The stock had a trading volume of 490,750 shares, compared to its average volume of 263,850. Choice Hotels International has a twelve month low of $108.70 and a twelve month high of $157.46. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.40 and a current ratio of 1.69. The company’s 50 day moving average price is $118.14 and its 200 day moving average price is $131.69. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.52 and a beta of 1.32.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Friday, July 1st were given a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, June 30th. Choice Hotels International’s dividend payout ratio is presently 15.06%.

Institutional Investors Weigh In On Choice Hotels International

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its stake in Choice Hotels International by 1,855.8% during the first quarter. Covestor Ltd now owns 1,017 shares of the company’s stock worth $144,000 after acquiring an additional 965 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Choice Hotels International by 9.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock valued at $225,000 after purchasing an additional 134 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Choice Hotels International by 2,494.4% in the first quarter. Lazard Asset Management LLC now owns 1,868 shares of the company’s stock valued at $264,000 after buying an additional 1,796 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Choice Hotels International during the first quarter valued at about $276,000. Finally, US Bancorp DE increased its position in shares of Choice Hotels International by 4.3% during the first quarter. US Bancorp DE now owns 2,716 shares of the company’s stock worth $385,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CHH shares. Barclays upped their price objective on shares of Choice Hotels International from $107.00 to $108.00 and gave the stock an “underweight” rating in a research report on Friday. Robert W. Baird decreased their price target on Choice Hotels International from $138.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 14th. UBS Group downgraded Choice Hotels International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $167.00 to $124.00 in a research report on Tuesday. StockNews.com cut Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Monday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Choice Hotels International from $131.00 to $128.00 in a report on Wednesday, May 11th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $131.44.

Choice Hotels International Company Profile

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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 for Choice Hotels International (NYSE:CHH)

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