Choice Hotels International (NYSE:CHH) Posts Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Choice Hotels International (NYSE:CHH) posted its quarterly earnings data on Monday. The company reported $2.23 earnings per share for the quarter, beating 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 analyst estimates of $432.62 million. During the same quarter last year, the firm posted $1.82 EPS. The business’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 Stock Down 0.4 %

CHH traded down $0.62 during midday trading on Tuesday, hitting $139.63. 175,782 shares of the company’s stock traded hands, compared to its average volume of 480,258. The company has a market cap of $6.59 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. The stock’s fifty day simple moving average is $131.17 and its 200-day simple moving average is $123.99. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. Choice Hotels International has a one year low of $108.91 and a one year high of $149.75.

Choice Hotels International Announces Dividend

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

Insider Activity at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of the firm’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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction 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 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 9,138 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,429 shares of company stock valued at $4,866,493. 24.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on CHH. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price for the company. in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday. Robert W. Baird set a $138.00 target price on shares of Choice Hotels International in a report on Thursday, October 17th. Barclays raised their target price on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, UBS Group decreased 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $128.10.

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.