Choice Hotels International (NYSE:CHH) Announces Earnings Results, Beats Expectations By $0.31 EPS

Choice Hotels International (NYSE:CHH) posted its earnings results on Monday. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31, Briefing.com reports. The firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. Choice Hotels International updated its FY 2024 guidance to 6.700-6.870 EPS and its FY24 guidance to $6.70-6.87 EPS.

Choice Hotels International Price Performance

NYSE CHH traded down $0.30 on Tuesday, reaching $139.95. The company’s stock had a trading volume of 200,301 shares, compared to its average volume of 480,346. The firm has a market cap of $6.61 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $149.75. The business has a 50-day moving average price of $131.17 and a 200 day moving average price of $123.99.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.82%. Choice Hotels International’s dividend payout ratio (DPR) is currently 23.91%.

Insider Buying and Selling at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,429 shares of company stock valued at $4,866,493. 24.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on CHH. UBS Group dropped their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group boosted their price objective on Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Truist Financial cut their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $128.10.

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.