Equities Analysts Offer Predictions for CHH FY2024 Earnings

Choice Hotels International, Inc. (NYSE:CHH - Free Report) - Research analysts at Zacks Research lifted their FY2024 EPS estimates for shares of Choice Hotels International in a research note issued on Thursday, November 28th. Zacks Research analyst H. Ray now expects that the company will post earnings of $6.87 per share for the year, up from their prior estimate 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.

Several other research firms also recently commented on CHH. The Goldman Sachs Group boosted their target price on shares of Choice Hotels International from $105.00 to $118.00 and gave the stock a "sell" rating in a report on Tuesday, November 5th. UBS Group dropped their price objective 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 target price on Choice Hotels International from $112.00 to $123.00 and gave the stock an "underweight" rating in a report on Tuesday, November 5th. Truist Financial decreased their target price on Choice Hotels International from $144.00 to $134.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. Finally, 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. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $130.00.

Choice Hotels International Price Performance

NYSE CHH traded down $0.65 during trading hours on Monday, reaching $150.59. The company's stock had a trading volume of 191,201 shares, compared to its average volume of 470,014. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $153.81. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 2.39 and a beta of 1.24. The firm's 50-day moving average price is $139.24 and its 200-day moving average price is $127.79.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced 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. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. During the same period in the previous year, the business earned $1.82 earnings per share. The business's revenue was up .6% on a year-over-year basis.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.76%. Choice Hotels International's payout ratio is presently 22.03%.

Insider Buying and Selling

In other news, EVP Dominic Dragisich sold 9,138 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 68,509 shares of the company's stock, valued at approximately $9,240,493.92. This represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick Pacious sold 7,192 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $144.95, for a total value of $1,042,480.40. Following the transaction, the chief executive officer now owns 404,666 shares of the company's stock, valued at approximately $58,656,336.70. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,437 shares of company stock worth $9,788,980 over the last three months. 24.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Choice Hotels International

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in shares of Choice Hotels International by 26.2% during the third quarter. Franklin Resources Inc. now owns 16,048 shares of the company's stock valued at $2,155,000 after acquiring an additional 3,330 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Choice Hotels International by 33.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company's stock worth $2,193,000 after purchasing an additional 4,219 shares during the period. Anchor Investment Management LLC bought a new stake in Choice Hotels International during the 3rd quarter valued at $55,000. TD Private Client Wealth LLC lifted its holdings in shares of Choice Hotels International by 30.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company's stock worth $1,940,000 after buying an additional 3,446 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Choice Hotels International during the 3rd quarter worth $395,000. 65.57% of the stock is currently owned by institutional investors.

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.