Choice Hotels International (NYSE:CHH) Announces Quarterly Earnings Results

Choice Hotels International (NYSE:CHH - Get Free Report) released its quarterly earnings data on Monday. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31, Briefing.com reports. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period last year, the firm earned $1.82 EPS. Choice Hotels International's revenue for the quarter was up .6% on a year-over-year basis. 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

CHH stock traded down $0.72 during mid-day trading on Tuesday, hitting $139.53. 434,735 shares of the stock were exchanged, compared to its average volume of 481,503. The business has a fifty day moving average price of $131.17 and a 200 day moving average price of $123.99. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $149.75. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.27 and a beta of 1.24.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.82%. Choice Hotels International's dividend payout ratio (DPR) is presently 23.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CHH. UBS Group reduced their price target on Choice Hotels International from $126.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group lifted their target price on Choice Hotels International from $105.00 to $118.00 and gave the company a "sell" rating in a report on Tuesday. Robert W. Baird set a $138.00 price target on Choice Hotels International in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered shares of Choice Hotels International from a "neutral" rating to an "underweight" rating and set a $120.00 target price on the stock. in a report on Friday, July 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Choice Hotels International currently has a consensus rating of "Hold" and a consensus price target of $128.10.

Insider Activity

In related news, CEO Patrick Pacious sold 10,025 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Simone Wu sold 7,840 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now directly owns 45,669 shares of the company's stock, valued at approximately $5,940,623.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 404,666 shares of the company's stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,429 shares of company stock worth $4,866,493. 24.02% of the stock is currently owned by insiders.

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.