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

Choice Hotels International (NYSE:CHH) released its earnings results on Monday. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31, Briefing.com reports. The firm had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 EPS. 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 Price Performance

NYSE:CHH traded down $0.62 during mid-day trading on Tuesday, reaching $139.63. 175,782 shares of the company were exchanged, compared to its average volume of 480,258. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $149.75. The company has a fifty day moving average of $131.17 and a 200 day moving average of $123.99. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. The stock has a market cap of $6.59 billion, a PE ratio of 29.24, a PEG ratio of 2.27 and a beta of 1.24.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 23.91%.

Insiders Place Their Bets

In other news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the transaction, the insider now owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the transaction, the insider now owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Mcdowell sold 8,712 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $134.99, for a total transaction of $1,176,032.88. Following the completion of the transaction, the insider now directly owns 38,502 shares in the company, valued at $5,197,384.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,429 shares of company stock valued at $4,866,493 in the last 90 days. 24.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHH. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price for the company. in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday. Truist Financial dropped their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Robert W. Baird set a $138.00 price objective on shares of Choice Hotels International in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and an average target price of $128.10.

About Choice Hotels International

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.