Equities Analysts Issue Forecasts for CHH FY2024 Earnings

Choice Hotels International, Inc. (NYSE:CHH) – Investment analysts at Zacks Research upped their FY2024 EPS estimates for Choice Hotels International in a research report issued to clients and investors on Monday, November 25th. Zacks Research analyst H. Ray now anticipates that the company will earn $6.86 per share for the year, up from their previous 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.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the previous year, the business earned $1.82 earnings per share. The business’s revenue was up .6% compared to the same quarter last year.

A number of other research firms have also recently issued reports on CHH. Truist Financial cut 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. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley upped their price objective on Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Susquehanna lifted their target price on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Choice Hotels International presently has an average rating of “Hold” and an average price target of $130.00.

Choice Hotels International Trading Down 0.8 %

CHH stock opened at $150.56 on Thursday. Choice Hotels International has a one year low of $108.91 and a one year high of $153.81. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24. The company has a fifty day moving average price of $137.96 and a two-hundred day moving average price of $127.10. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71.

Institutional Investors Weigh In On Choice Hotels International

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in Choice Hotels International by 307.4% in the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after acquiring an additional 141 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Choice Hotels International by 1,146.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after acquiring an additional 367 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Choice Hotels International during the 3rd quarter valued at $55,000. Finally, Hantz Financial Services Inc. bought a new stake in Choice Hotels International during the 2nd quarter worth $56,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Choice Hotels International

In other news, CEO Patrick Pacious sold 7,192 shares of Choice Hotels International stock in a transaction on Friday, November 8th. The stock was 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 in the company, valued at approximately $58,656,336.70. This trade represents a 1.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the transaction, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This trade represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,437 shares of company stock valued at $9,788,980 in the last ninety days. 24.02% of the stock is currently owned by company insiders.

Choice Hotels International Announces Dividend

The company 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. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.76%. Choice Hotels International’s dividend payout ratio is 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.