Choice Hotels International (NYSE:CHH) Releases Earnings Results, Beats Expectations By $0.31 EPS

Choice Hotels International (NYSE:CHH) released its earnings results on Monday. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31, Briefing.com reports. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. 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 Up 3.6 %

Choice Hotels International stock traded up $5.01 during mid-day trading on Wednesday, hitting $144.47. 696,278 shares of the company’s stock were exchanged, compared to its average volume of 482,502. 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 stock has a market cap of $6.82 billion, a P/E ratio of 27.61, a P/E/G ratio of 2.27 and a beta of 1.24. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $149.75. The stock has a 50 day moving average of $131.42 and a two-hundred day moving average of $124.15.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders 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 0.80%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s payout ratio is 22.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CHH shares. UBS Group reduced their target price on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Truist Financial reduced their target price on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Robert W. Baird increased their target price on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Barclays increased their price objective on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a report on Tuesday. Three 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $128.20.

Insiders Place Their Bets

In other news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the sale, the insider now directly owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock valued at $4,866,493 over the last three months. 24.02% of the stock is currently owned by insiders.

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.