Choice Hotels International (NYSE:CHH) Issues Earnings Results, Beats Estimates By $0.31 EPS

Choice Hotels International (NYSE:CHH) announced its quarterly earnings results on Monday. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31, Briefing.com reports. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the firm posted $1.82 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. 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 Trading Down 0.3 %

Shares of CHH stock traded down $0.38 during trading hours on Thursday, reaching $144.10. 102,859 shares of the stock traded hands, compared to its average volume of 480,686. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $149.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. The firm has a market capitalization of $6.80 billion, a PE ratio of 27.57, a PEG ratio of 2.27 and a beta of 1.24. The business has a fifty day moving average price of $131.78 and a 200 day moving average price of $124.29.

Choice Hotels International Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is 22.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CHH shares. The Goldman Sachs Group increased their price target on Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a report on Tuesday. UBS Group decreased their target price on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research note on Wednesday. Finally, Truist Financial reduced their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Three research 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 target price of $128.70.

Insider Activity

In related news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. This 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 link. In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the sale, the executive vice president now owns 68,509 shares of the company’s stock, valued at $9,240,493.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, 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. Over the last quarter, insiders have sold 37,429 shares of company stock worth $4,866,493. 24.02% of the stock is owned by corporate insiders.

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.