Choice Hotels International (NYSE:CHH) Issues FY24 Earnings Guidance

Choice Hotels International (NYSE:CHH) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $6.70-6.87 for the period, compared to the consensus estimate of $6.48. Choice Hotels International also updated its FY 2024 guidance to 6.700-6.870 EPS.

Choice Hotels International Price Performance

CHH stock traded up $4.59 during trading on Wednesday, hitting $144.05. The stock had a trading volume of 227,010 shares, compared to its average volume of 480,319. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99. The company’s 50 day moving average price is $131.42 and its two-hundred day moving average price is $124.15. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $149.75.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. During the same period last year, the company earned $1.82 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts forecast that Choice Hotels International will post 6.35 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 23.91%.

Wall Street Analyst Weigh In

CHH has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective on the stock. in a research note on Friday, July 19th. 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 target on Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a research report on Tuesday. Barclays lifted their price objective on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research note on Tuesday. Finally, Robert W. Baird upped their target price on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Choice Hotels International currently has an average rating of “Hold” and a consensus target price of $128.20.

Insider Activity at Choice Hotels International

In other news, SVP Simone Wu sold 7,840 shares of the 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 transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock valued at $4,866,493 over the last ninety days. Corporate insiders own 24.02% of the company’s stock.

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.