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

Choice Hotels International (NYSE:CHH) released its quarterly earnings results on Monday. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31, Briefing.com reports. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. 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 Stock Performance

Shares of Choice Hotels International stock traded up $5.01 on Wednesday, reaching $144.47. 696,278 shares of the company were exchanged, compared to its average volume of 482,502. 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 is $131.42 and its two-hundred day moving average is $124.15. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 2.27 and a beta of 1.24. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $149.75.

Choice Hotels International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CHH. Deutsche Bank Aktiengesellschaft lifted their price objective on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a research report on Friday, July 19th. Truist Financial lowered their price objective on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Robert W. Baird lifted their price objective on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays boosted their price target on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $128.20.

Insider Buying and Selling

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the 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 transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares in the company, valued at approximately $2,441,340. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of the 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 sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,429 shares of company stock valued at $4,866,493 in the last three months. 24.02% of the stock is currently 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.