Research Analysts Issue Forecasts for CHH FY2024 Earnings

Choice Hotels International, Inc. (NYSE:CHH) – Research analysts at Zacks Research boosted their FY2024 earnings estimates for Choice Hotels International in a research note issued to investors on Thursday, November 28th. Zacks Research analyst H. Ray now forecasts that the company will earn $6.87 per share for the year, up from their previous forecast of $6.86. The consensus estimate for Choice Hotels International’s current full-year earnings is $6.84 per share. Zacks Research also issued estimates for Choice Hotels International’s Q4 2024 earnings at $1.52 EPS.

CHH has been the topic of several other research reports. The Goldman Sachs Group boosted their target price on Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. UBS Group reduced their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Barclays lifted their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $130.00.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock opened at $150.59 on Monday. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. Choice Hotels International has a one year low of $108.91 and a one year high of $153.81. The stock’s 50-day moving average is $139.24 and its 200-day moving average is $127.79.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS.

Choice Hotels International Announces Dividend

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

Insider Activity

In related news, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares in the company, valued at approximately $48,709,646.42. This represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,437 shares of company stock valued at $9,788,980. 24.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in Choice Hotels International by 77.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after acquiring an additional 1,788,563 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Choice Hotels International during the 3rd quarter worth approximately $19,545,000. Natixis Advisors LLC boosted its stake in Choice Hotels International by 917.2% in the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock valued at $19,254,000 after purchasing an additional 145,893 shares during the period. Raymond James & Associates grew its holdings in Choice Hotels International by 45.4% in the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after buying an additional 113,951 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Choice Hotels International by 51.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after buying an additional 90,765 shares during the period. Institutional investors and hedge funds own 65.57% of the company’s stock.

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.