What is Zacks Research's Estimate for CHH FY2024 Earnings?

Choice Hotels International, Inc. (NYSE:CHH - Free Report) - Zacks Research lifted their FY2024 earnings per share estimates for Choice Hotels International in a note issued to investors 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 prior estimate 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.

Several other research firms have also recently weighed in on CHH. Susquehanna upped their price target on shares of Choice Hotels International from $125.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Truist Financial dropped their price target on Choice Hotels International from $144.00 to $134.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. StockNews.com raised Choice Hotels International from a "sell" rating to a "hold" rating in a research report on Thursday, October 3rd. Barclays lifted their target price on Choice Hotels International from $112.00 to $123.00 and gave the company an "underweight" rating in a research report on Tuesday, November 5th. Finally, 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. Three equities 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $130.00.

Choice Hotels International Stock Down 0.8 %

NYSE CHH traded down $1.19 during trading hours on Thursday, reaching $150.61. 318,167 shares of the company's stock were exchanged, compared to its average volume of 472,377. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24. The company's 50-day moving average is $138.42 and its two-hundred day moving average is $127.27. Choice Hotels International has a one year low of $108.91 and a one year high of $153.81.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period in the prior year, the company earned $1.82 earnings per share. The company's revenue for the quarter was up .6% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHH. SG Americas Securities LLC lifted its position in Choice Hotels International by 161.3% during the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company's stock worth $1,231,000 after acquiring an additional 6,384 shares during the last quarter. &PARTNERS acquired a new stake in shares of Choice Hotels International during the second quarter worth $366,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Choice Hotels International in the first quarter valued at about $1,089,000. International Assets Investment Management LLC acquired a new position in shares of Choice Hotels International in the third quarter valued at about $42,280,000. Finally, William B. Walkup & Associates Inc. acquired a new position in shares of Choice Hotels International in the second quarter valued at about $799,000. 65.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the sale, the chief executive officer now directly owns 404,666 shares of the company's stock, valued at approximately $58,551,123.54. This represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 directly owns 45,669 shares of the company's stock, valued at approximately $5,940,623.52. This trade represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,437 shares of company stock valued at $9,788,980. 24.02% of the stock is owned by insiders.

Choice Hotels International Dividend Announcement

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