Brokerages Anticipate Choice Hotels International Inc (CHH) Will Post Quarterly Sales of $262.96 Million

Equities analysts expect that Choice Hotels International Inc (NYSE:CHH) will report $262.96 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Choice Hotels International’s earnings, with estimates ranging from $256.00 million to $270.91 million. Choice Hotels International posted sales of $237.57 million during the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The business is scheduled to issue its next earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Choice Hotels International will report full-year sales of $1.06 billion for the current fiscal year, with estimates ranging from $1.05 billion to $1.07 billion. For the next financial year, analysts expect that the firm will report sales of $1.13 billion, with estimates ranging from $1.11 billion to $1.15 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Choice Hotels International.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, November 8th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $321.69 million. Choice Hotels International had a net margin of 17.26% and a negative return on equity of 98.61%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Wednesday, November 21st. Morgan Stanley set a $74.00 target price on shares of Choice Hotels International and gave the company a “hold” rating in a report on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Choice Hotels International has a consensus rating of “Hold” and a consensus price target of $80.89.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Choice Hotels International during the second quarter worth about $401,000. Schwab Charles Investment Management Inc. boosted its position in shares of Choice Hotels International by 7.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 198,994 shares of the company’s stock valued at $15,044,000 after acquiring an additional 13,526 shares during the period. BlackRock Inc. boosted its position in shares of Choice Hotels International by 13.1% in the second quarter. BlackRock Inc. now owns 1,587,731 shares of the company’s stock valued at $120,032,000 after acquiring an additional 183,553 shares during the period. Federated Investors Inc. PA boosted its position in shares of Choice Hotels International by 3,668.8% in the second quarter. Federated Investors Inc. PA now owns 78,542 shares of the company’s stock valued at $5,938,000 after acquiring an additional 76,458 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Choice Hotels International by 5.9% in the second quarter. Renaissance Technologies LLC now owns 1,553,200 shares of the company’s stock valued at $117,422,000 after acquiring an additional 86,700 shares during the period. Institutional investors own 56.27% of the company’s stock.

Shares of CHH stock traded up $0.48 on Friday, hitting $74.74. The stock had a trading volume of 264,721 shares, compared to its average volume of 293,353. The company has a market cap of $4.14 billion, a P/E ratio of 25.95, a P/E/G ratio of 2.07 and a beta of 1.05. Choice Hotels International has a 12-month low of $66.71 and a 12-month high of $85.35.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Wednesday, January 2nd will be given a dividend of $0.215 per share. The ex-dividend date is Monday, December 31st. This represents a $0.86 annualized dividend and a yield of 1.15%. Choice Hotels International’s payout ratio is currently 29.86%.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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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