Choice Hotels International, Inc. (NYSE:CHH) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.60-0.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.62.
A number of equities analysts have issued reports on the stock. TheStreet raised shares of Choice Hotels International from a c+ rating to a b rating in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of Choice Hotels International from a hold rating to a buy rating and set a $76.00 price objective on the stock in a research note on Tuesday, October 17th. BidaskClub raised shares of Choice Hotels International from a buy rating to a strong-buy rating in a research note on Thursday, August 17th. Barclays PLC reaffirmed an underweight rating and issued a $60.00 price objective (down from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. Finally, Deutsche Bank AG reduced their price objective on shares of Choice Hotels International from $68.00 to $66.00 and set a hold rating on the stock in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Choice Hotels International has a consensus rating of Hold and an average target price of $63.14.
Choice Hotels International, Inc. (NYSE CHH) traded up $3.90 on Monday, reaching $73.70. 113,642 shares of the company’s stock traded hands, compared to its average volume of 204,466. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of -3.42. The firm has a market capitalization of $3,943.47, a price-to-earnings ratio of 25.85, a PEG ratio of 2.97 and a beta of 1.13. Choice Hotels International, Inc. has a 12 month low of $47.95 and a 12 month high of $70.60.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, November 2nd. The company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The company had revenue of $295.09 million for the quarter, compared to analyst estimates of $288.50 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. research analysts forecast that Choice Hotels International, Inc. will post 2.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were issued a $0.215 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.86 annualized dividend and a yield of 1.17%. Choice Hotels International’s dividend payout ratio (DPR) is presently 31.85%.
In other Choice Hotels International news, insider David A. Pepper sold 10,217 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $61.07, for a total value of $623,952.19. Following the sale, the insider now directly owns 79,010 shares in the company, valued at $4,825,140.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Bruce Bainum sold 20,770 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $62.00, for a total transaction of $1,287,740.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,320 shares of company stock worth $2,490,287. Company insiders own 22.01% of the company’s stock.
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An institutional investor recently raised its position in Choice Hotels International stock. The Manufacturers Life Insurance Company increased its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,651 shares of the company’s stock after acquiring an additional 106 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Choice Hotels International were worth $106,000 as of its most recent SEC filing. Institutional investors and hedge funds own 50.46% of the company’s stock.
Choice Hotels International Company Profile
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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