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

Choice Hotels International (NYSE:CHH) posted its quarterly earnings data 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 negative return on equity of 3,953.67% and a net margin of 15.42%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $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 Stock Down 0.2 %

Shares of CHH traded down $0.23 during trading hours on Tuesday, hitting $140.02. The company had a trading volume of 202,574 shares, compared to its average volume of 480,418. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The company has a market capitalization 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. Choice Hotels International has a one year low of $108.91 and a one year high of $149.75. The company’s fifty day moving average price is $131.17 and its two-hundred day moving average price is $123.99.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders 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 yield of 0.82%. Choice Hotels International’s dividend payout ratio (DPR) is presently 23.91%.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now directly owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the sale, the insider now owns 18,084 shares in the company, valued at approximately $2,441,340. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 37,429 shares of company stock valued at $4,866,493 over the last quarter. 24.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHH. Barclays upped their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered 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. Robert W. Baird set a $138.00 price objective on Choice Hotels International in a research report on Thursday, October 17th. UBS Group dropped their price objective on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, The Goldman Sachs Group lifted their target price on Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Choice Hotels International currently 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.