Zacks Research Has Strong Estimate for CHH FY2024 Earnings

Choice Hotels International, Inc. (NYSE:CHH) – Equities research analysts at Zacks Research upped their FY2024 earnings per share estimates for Choice Hotels International in a research note issued on Monday, November 25th. Zacks Research analyst H. Ray now anticipates that the company will post earnings per share of $6.86 for the year, up from their previous forecast of $6.42. The consensus estimate for Choice Hotels International’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Choice Hotels International’s Q4 2024 earnings at $1.51 EPS, Q1 2025 earnings at $1.39 EPS, Q3 2025 earnings at $2.10 EPS, FY2025 earnings at $6.98 EPS, Q2 2026 earnings at $2.23 EPS, Q3 2026 earnings at $2.39 EPS and FY2026 earnings at $7.92 EPS.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.31. 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 659.01% and a net margin of 16.27%. Choice Hotels International’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 earnings per share.

A number of other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley raised their price target on shares of Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Barclays boosted their target price on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 5th. Susquehanna raised their price target on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $130.00.

Choice Hotels International Stock Performance

CHH opened at $150.56 on Thursday. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $153.81. The stock has a market cap of $7.06 billion, a PE ratio of 28.84, a P/E/G ratio of 2.41 and a beta of 1.24. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The stock’s 50 day simple moving average is $137.96 and its 200-day simple moving average is $127.10.

Institutional Trading of Choice Hotels International

A number of institutional investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Choice Hotels International by 77.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock valued at $488,590,000 after buying an additional 1,788,563 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Choice Hotels International in the third quarter valued at approximately $19,545,000. Natixis Advisors LLC lifted its position in shares of Choice Hotels International by 917.2% in the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock worth $19,254,000 after purchasing an additional 145,893 shares in the last quarter. Raymond James & Associates grew its position in Choice Hotels International by 45.4% in the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after purchasing an additional 113,951 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Choice Hotels International by 51.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock valued at $31,767,000 after buying an additional 90,765 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Insider Transactions at Choice Hotels International

In other news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the sale, the executive vice president now directly owns 68,509 shares of the company’s stock, valued at $9,240,493.92. This represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,437 shares of company stock valued at $9,788,980 over the last three months. 24.02% of the stock is currently owned by corporate insiders.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were issued a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.76%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

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.