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

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays lifted their price target on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a report on Tuesday. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Truist Financial cut their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a report on Friday, July 19th. Finally, Jefferies Financial Group cut Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $128.70.

Choice Hotels International Stock Down 0.5 %

NYSE:CHH traded down $0.69 during trading hours on Thursday, reaching $143.79. 40,696 shares of the stock were exchanged, compared to its average volume of 480,456. The stock has a market cap of $6.79 billion, a PE ratio of 27.57, a PEG ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $149.75. The firm has a 50 day moving average of $131.78 and a 200 day moving average of $124.29.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.82 EPS. On average, equities analysts expect that Choice Hotels International will post 6.35 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the stock in a transaction on Thursday, September 19th. The stock was 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 in the company, valued at $5,940,623.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Mcdowell sold 8,712 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $134.99, for a total value of $1,176,032.88. Following the completion of the transaction, the insider now owns 38,502 shares in the company, valued at $5,197,384.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,429 shares of company stock worth $4,866,493. Company 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.