Choice Hotels International (NYSE:CHH) Releases Earnings Results, Beats Expectations By $0.04 EPS

Choice Hotels International (NYSE:CHH) released its quarterly earnings data on Monday. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04, Zacks reports. Choice Hotels International had a net margin of 20.28% and a return on equity of 205.69%.

Choice Hotels International Price Performance

Choice Hotels International stock opened at $110.87 on Monday. The stock has a 50-day moving average price of $104.27 and a two-hundred day moving average price of $107.11. Choice Hotels International has a 12 month low of $84.04 and a 12 month high of $123.82. The company has a market capitalization of $4.99 billion, a PE ratio of 15.66, a P/E/G ratio of 2.53 and a beta of 0.65. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 14.08.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were given a $0.2875 dividend. The ex-dividend date was Thursday, October 1st. This represents a $1.15 annualized dividend and a yield of 1.0%. Choice Hotels International’s dividend payout ratio (DPR) is currently 16.24%.

Insider Activity at Choice Hotels International

In related news, CEO Dominic Dragisich sold 1,227 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $112.00, for a total value of $137,424.00. Following the sale, the chief executive officer directly owned 90,055 shares in the company, valued at $10,086,160. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William L. Jews sold 5,057 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $106.98, for a total value of $540,997.86. Following the sale, the director owned 23,987 shares in the company, valued at approximately $2,566,129.26. The trade was a 17.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 23.87% of the company’s stock.

Wall Street Analyst Weigh In

CHH has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Choice Hotels International from $128.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Wells Fargo & Company upped their target price on Choice Hotels International from $97.00 to $98.00 and gave the stock an “underweight” rating in a research note on Monday, October 19th. Mizuho began coverage on Choice Hotels International in a report on Thursday, August 27th. They issued a “neutral” rating and a $106.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Choice Hotels International in a research note on Friday, October 2nd. Finally, Barclays boosted their price target on Choice Hotels International from $102.00 to $103.00 and gave the stock an “underweight” rating in a report on Friday, October 16th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $113.38.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a global lodging franchisor that licenses its hotel brands to independent owners and operators. The company supports its franchisees through brand standards, reservation and distribution systems, marketing, loyalty programs, technology, and operational services rather than primarily owning and operating hotels itself.

Its portfolio includes brands serving a range of price points and travel needs, including Comfort, Quality Inn, Sleep Inn, Clarion, Econo Lodge, MainStay Suites, Suburban Studios, WoodSpring Suites, Cambria Hotels, and the Ascend Hotel Collection.