$201.27 Million in Sales Expected for Choice Hotels International, Inc. (NYSE:CHH) This Quarter


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Brokerages expect Choice Hotels International, Inc. (NYSE:CHH) to report $201.27 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Choice Hotels International’s earnings. The lowest sales estimate is $179.37 million and the highest is $221.00 million. Choice Hotels International reported sales of $218.18 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.8%. The business is expected to report its next earnings report before the market opens on Monday, May 10th.

On average, analysts expect that Choice Hotels International will report full year sales of $989.13 million for the current fiscal year, with estimates ranging from $922.11 million to $1.11 billion. For the next year, analysts forecast that the firm will post sales of $1.16 billion, with estimates ranging from $1.06 billion to $1.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Choice Hotels International.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Tuesday, February 16th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.13). The company had revenue of $193.39 million for the quarter, compared to analysts’ expectations of $203.89 million. Choice Hotels International had a net margin of 12.92% and a negative return on equity of 419.83%.

A number of brokerages have commented on CHH. Deutsche Bank Aktiengesellschaft upped their target price on shares of Choice Hotels International from $84.00 to $98.00 and gave the company a “hold” rating in a report on Thursday, February 25th. Truist Financial upped their price target on Choice Hotels International from $90.00 to $102.00 in a research report on Tuesday, April 20th. Morgan Stanley raised their price objective on Choice Hotels International from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Monday, March 1st. Gordon Haskett raised their target price on shares of Choice Hotels International from $95.00 to $104.00 and gave the stock a “hold” rating in a research note on Tuesday, January 5th. Finally, Truist Securities raised their price objective on shares of Choice Hotels International from $90.00 to $102.00 and gave the company a “hold” rating in a research report on Monday, April 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Choice Hotels International presently has a consensus rating of “Hold” and an average target price of $91.92.

In related news, insider Patrick Cimerola sold 6,120 shares of the firm’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $115.17, for a total transaction of $704,840.40. Following the sale, the insider now owns 27,197 shares in the company, valued at $3,132,278.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David A. Pepper sold 17,973 shares of Choice Hotels International stock in a transaction dated Tuesday, February 23rd. The shares were sold at an average price of $111.82, for a total value of $2,009,740.86. Over the last three months, insiders sold 43,698 shares of company stock worth $4,903,452. 21.73% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in CHH. Nisa Investment Advisors LLC increased its position in shares of Choice Hotels International by 28.6% during the first quarter. Nisa Investment Advisors LLC now owns 450 shares of the company’s stock valued at $48,000 after acquiring an additional 100 shares during the last quarter. Ellevest Inc. lifted its position in Choice Hotels International by 582.1% during the 4th quarter. Ellevest Inc. now owns 532 shares of the company’s stock worth $57,000 after acquiring an additional 454 shares during the period. Kinloch Capital LLC purchased a new position in Choice Hotels International during the 4th quarter worth $64,000. CWM LLC purchased a new stake in Choice Hotels International in the 4th quarter valued at approximately $94,000. Finally, Ironwood Wealth Management LLC. purchased a new stake in shares of Choice Hotels International in the fourth quarter valued at approximately $173,000. Institutional investors own 57.93% of the company’s stock.

Choice Hotels International stock traded down $0.75 during mid-day trading on Friday, reaching $112.17. 466,150 shares of the stock traded hands, compared to its average volume of 242,683. Choice Hotels International has a 12-month low of $66.00 and a 12-month high of $115.80. The business’s 50-day moving average is $110.56 and its 200-day moving average is $104.40. The stock has a market capitalization of $6.23 billion, a PE ratio of 57.61 and a beta of 1.48.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

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Earnings History and Estimates for Choice Hotels International (NYSE:CHH)

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