Choice Hotels International (NYSE:CHH) Issues FY 2024 Earnings Guidance

Choice Hotels International (NYSE:CHH) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 6.700-6.870 for the period, compared to the consensus EPS estimate of 6.490. The company issued revenue guidance of -. Choice Hotels International also updated its FY24 guidance to $6.70-6.87 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Robert W. Baird set a $138.00 target price on shares of Choice Hotels International in a research note on Thursday, October 17th. JPMorgan Chase & Co. downgraded 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 research note on Friday, July 19th. Truist Financial decreased their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Barclays increased their target price on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $127.50.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $139.53 on Wednesday. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $149.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. The company has a market cap of $6.59 billion, a P/E ratio of 29.01, a PEG ratio of 2.27 and a beta of 1.24. The company has a 50-day moving average price of $131.17 and a 200 day moving average price of $123.99.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. 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 analysts’ expectations of $432.62 million. During the same period last year, the company posted $1.82 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts predict that Choice Hotels International will post 6.35 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.82%. Choice Hotels International’s dividend payout ratio (DPR) is 23.91%.

Insider Transactions at Choice Hotels International

In other 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 completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other 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 completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dominic Dragisich sold 9,138 shares of the firm’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 directly owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 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.

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.