Choice Hotels International (NYSE:CHH) Issues Quarterly Earnings Results

Choice Hotels International (NYSE:CHH) issued its earnings results on Thursday. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02), Briefing.com reports. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The business had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. During the same period last year, the business posted $1.75 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Choice Hotels International updated its FY24 guidance to $6.40-6.65 EPS and its FY 2024 guidance to 6.400-6.650 EPS.

Choice Hotels International Trading Down 0.0 %

NYSE CHH opened at $121.28 on Monday. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $136.02. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s 50 day moving average price is $121.12 and its two-hundred day moving average price is $120.26. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.13 and a beta of 1.23.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.95%. Choice Hotels International’s dividend payout ratio is currently 24.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Susquehanna began coverage on Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a research note on Friday, July 19th. Barclays reduced their price objective on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, Truist Financial reduced their price target on shares of Choice Hotels International from $146.00 to $144.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $130.18.

Insider Activity

In related news, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the transaction, the insider now owns 23,461 shares in the company, valued at $2,934,501.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Robert J. Mcdowell sold 1,243 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total value of $146,151.94. Following the sale, the insider now directly owns 38,502 shares of the company’s stock, valued at approximately $4,527,065.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Patrick Cimerola sold 13,259 shares of Choice Hotels International stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $125.08, for a total value of $1,658,435.72. Following the transaction, the insider now owns 23,461 shares of the company’s stock, valued at approximately $2,934,501.88. The disclosure for this sale can be found here. Insiders have sold 27,619 shares of company stock worth $3,436,998 over the last ninety days. Insiders own 24.02% of the company’s stock.

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.