Zacks Research Has Bullish Estimate for CHH FY2024 Earnings

Choice Hotels International, Inc. (NYSE:CHH) – Research analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for Choice Hotels International in a note issued to investors on Thursday, November 28th. Zacks Research analyst H. Ray now anticipates that the company will post earnings of $6.87 per share for the year, up from their previous forecast of $6.86. The consensus estimate for Choice Hotels International’s current full-year earnings is $6.84 per share. Zacks Research also issued estimates for Choice Hotels International’s Q4 2024 earnings at $1.52 EPS.

Other equities analysts have also recently issued reports about the company. Morgan Stanley raised their target price on Choice Hotels International from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Barclays raised their price objective on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International has an average rating of “Hold” and a consensus price target of $130.00.

Choice Hotels International Trading Down 0.4 %

Shares of CHH stock opened at $149.98 on Monday. The stock has a market capitalization of $7.04 billion, a P/E ratio of 28.73, a P/E/G ratio of 2.38 and a beta of 1.23. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm’s 50 day moving average is $139.64 and its 200 day moving average is $128.01. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $153.81.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter in the prior year, the business earned $1.82 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHH. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after buying an additional 1,788,563 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Choice Hotels International by 0.9% in the 2nd quarter. Boston Trust Walden Corp now owns 941,560 shares of the company’s stock valued at $112,046,000 after purchasing an additional 8,033 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Choice Hotels International by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock valued at $80,340,000 after acquiring an additional 26,289 shares during the period. Raymond James & Associates grew its position in Choice Hotels International by 45.4% during the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock worth $47,557,000 after purchasing an additional 113,951 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Choice Hotels International by 51.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock valued at $31,767,000 after acquiring an additional 90,765 shares during the period. 65.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Choice Hotels International

In related news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the sale, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. The trade was a 8.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick Pacious sold 26,816 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the completion of the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,551,123.54. This represents a 6.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,437 shares of company stock worth $9,788,980. Insiders own 24.02% of the company’s stock.

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 issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s payout ratio is 22.03%.

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.