Choice Hotels International (CHH) to Release Earnings on Monday

Choice Hotels International (NYSE:CHH) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $1.91 per share for the quarter. Choice Hotels International has set its FY24 guidance at $6.40-6.65 EPS and its FY 2024 guidance at 6.400-6.650 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. During the same quarter last year, the company posted $1.75 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. On average, analysts expect Choice Hotels International to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Choice Hotels International Trading Up 0.1 %

CHH stock opened at $141.49 on Monday. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.25. The company has a fifty day moving average price of $129.36 and a two-hundred day moving average price of $123.13. Choice Hotels International has a one year low of $108.91 and a one year high of $142.54. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s payout ratio is 24.68%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a report on Friday, July 19th. Truist Financial lowered their target price on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. The Goldman Sachs Group started coverage on Choice Hotels International in a research note on Wednesday, September 18th. They issued a “sell” rating and a $105.00 price target for the company. Robert W. Baird set a $138.00 target price on Choice Hotels International in a report on Thursday, October 17th. Finally, StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Choice Hotels International presently has an average rating of “Hold” and a consensus target price of $125.50.

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 sale, the insider now directly owns 18,084 shares in the company, valued at $2,441,340. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Patrick Cimerola sold 1,714 shares of the company’s stock in a transaction that occurred on 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 owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Mcdowell sold 8,712 shares of Choice Hotels International stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $134.99, for a total transaction of $1,176,032.88. Following the completion of the transaction, the insider now directly owns 38,502 shares in the company, valued at $5,197,384.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

About Choice Hotels International

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.