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

Choice Hotels International (NYSE:CHH) announced its quarterly earnings data on Monday. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The firm had revenue of $458.33 million for the quarter, compared to the consensus estimate of $447.56 million.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $110.87 on Monday. The stock has a market cap of $4.99 billion, a PE ratio of 15.66, a PEG ratio of 2.53 and a beta of 0.65. Choice Hotels International has a 52 week low of $84.04 and a 52 week high of $123.82. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 14.08. The company’s fifty day moving average is $104.27 and its 200 day moving average is $107.11.

Choice Hotels International Announces Dividend

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

Insider Buying and Selling

In other news, CEO Dominic Dragisich sold 1,227 shares of Choice Hotels International stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $112.00, for a total transaction of $137,424.00. Following the sale, the chief executive officer owned 90,055 shares of the company’s stock, valued at approximately $10,086,160. The trade was a 1.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Jews sold 5,057 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $106.98, for a total value of $540,997.86. Following the completion of the transaction, the director owned 23,987 shares of the company’s stock, valued at approximately $2,566,129.26. This trade represents a 17.41% decrease in their position. The SEC filing for this sale provides additional information. 23.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $124.00 target price on shares of Choice Hotels International in a research report on Thursday, August 6th. Freedom Broker started coverage on Choice Hotels International in a research note on Wednesday, October 14th. They issued a “buy” rating and a $117.00 price target for the company. 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 research report on Thursday, September 10th. Morgan Stanley boosted their target price on shares of Choice Hotels International from $92.00 to $93.00 and gave the company an “underweight” rating in a research report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Choice Hotels International from $119.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.38.

About Choice Hotels International

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.