Choice Hotels International (CHH) to Release Quarterly Earnings on Monday

Choice Hotels International (NYSE:CHH - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $1.91 per share for the quarter. Choice Hotels International has set its FY24 guidance at $6.40-6.65 EPS and its FY 2024 guidance at 6.400-6.650 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.02). The company had revenue of $435.20 million for the quarter, compared to analysts' expectations of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. Choice Hotels International's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 EPS. On average, analysts expect Choice Hotels International to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Choice Hotels International Stock Down 0.4 %

NYSE:CHH traded down $0.56 during mid-day trading on Monday, hitting $140.93. The stock had a trading volume of 335,073 shares, compared to its average volume of 482,382. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $143.69. The stock has a 50-day simple moving average of $129.69 and a two-hundred day simple moving average of $123.24. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The company has a market capitalization of $6.79 billion, a PE ratio of 30.24, a PEG ratio of 2.20 and a beta of 1.25.

Choice Hotels International Announces Dividend

The firm also recently declared 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 (DPR) is 24.68%.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Simone Wu sold 7,840 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 45,669 shares of the company's stock, valued at $5,940,623.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $1,206,709.25. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,429 shares of company stock valued at $4,866,493 in the last ninety days. Corporate insiders own 24.02% of the company's stock.

Wall Street Analyst Weigh In

CHH has been the topic of several research analyst reports. StockNews.com raised Choice Hotels International from a "sell" rating to a "hold" rating in a research report on Thursday, October 3rd. Barclays dropped their price objective on Choice Hotels International from $114.00 to $112.00 and set an "underweight" rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. lowered Choice Hotels International from a "neutral" rating to an "underweight" rating and set a $120.00 price target on the stock. in a research report on Friday, July 19th. Truist Financial cut their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a "hold" rating on the stock in a report on Wednesday, September 4th. Finally, UBS Group dropped their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $125.50.

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.