Choice Hotels International (NYSE:CHH) Issues Quarterly Earnings Results

Choice Hotels International (NYSE:CHHGet Rating) issued its quarterly earnings results on Thursday. The company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.04), Briefing.com reports. Choice Hotels International had a net margin of 28.72% and a return on equity of 92.23%. The business had revenue of $367.80 million during the quarter, compared to analyst estimates of $322.24 million. During the same period last year, the firm posted $1.22 earnings per share. Choice Hotels International’s quarterly revenue was up 32.1% compared to the same quarter last year.

Choice Hotels International Stock Performance

NYSE:CHH traded down $2.54 during trading on Friday, reaching $111.78. The company’s stock had a trading volume of 490,750 shares, compared to its average volume of 263,850. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.52 and a beta of 1.32. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.40 and a current ratio of 1.69. The firm has a 50 day moving average of $118.14 and a 200-day moving average of $131.69. Choice Hotels International has a 12 month low of $108.70 and a 12 month high of $157.46.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Friday, July 1st were paid a $0.2375 dividend. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.95 dividend on an annualized basis and a yield of 0.85%. Choice Hotels International’s dividend payout ratio (DPR) is presently 15.06%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ethic Inc. grew its stake in Choice Hotels International by 75.3% in the 1st quarter. Ethic Inc. now owns 5,034 shares of the company’s stock valued at $714,000 after purchasing an additional 2,162 shares during the period. Penserra Capital Management LLC grew its stake in Choice Hotels International by 80.5% in the 1st quarter. Penserra Capital Management LLC now owns 3,803 shares of the company’s stock valued at $538,000 after purchasing an additional 1,696 shares during the period. Raymond James & Associates grew its stake in shares of Choice Hotels International by 146.6% during the 1st quarter. Raymond James & Associates now owns 3,650 shares of the company’s stock worth $517,000 after acquiring an additional 2,170 shares during the period. Quantamental Technologies LLC bought a new position in shares of Choice Hotels International during the 1st quarter worth $504,000. Finally, Graham Capital Management L.P. bought a new position in shares of Choice Hotels International during the 1st quarter worth $447,000. Institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CHH. UBS Group lowered Choice Hotels International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $167.00 to $124.00 in a research report on Tuesday. StockNews.com lowered Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Monday, May 23rd. Barclays upped their target price on Choice Hotels International from $107.00 to $108.00 and gave the stock an “underweight” rating in a research report on Friday. Robert W. Baird lowered their target price on Choice Hotels International from $138.00 to $133.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Choice Hotels International from $131.00 to $128.00 in a research report on Wednesday, May 11th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, Choice Hotels International presently has an average rating of “Hold” and a consensus target price of $131.44.

About Choice Hotels International

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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 for Choice Hotels International (NYSE:CHH)

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