Choice Hotels International (NYSE:CHH) Posts Earnings Results, Beats Estimates By $0.13 EPS

Choice Hotels International (NYSE:CHH) released its earnings results on Wednesday. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.13, Briefing.com reports. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The business had revenue of $331.90 million during the quarter, compared to analysts’ expectations of $343.04 million. During the same quarter last year, the company earned $1.12 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Choice Hotels International updated its FY 2024 guidance to 6.300-6.600 EPS and its FY24 guidance to $6.30-$6.60 EPS.

Choice Hotels International Price Performance

CHH traded up $0.25 during trading on Thursday, hitting $115.95. The company’s stock had a trading volume of 794,472 shares, compared to its average volume of 587,537. The firm’s 50 day moving average price is $121.71 and its two-hundred day moving average price is $117.22. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $136.02.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.99%. Choice Hotels International’s dividend payout ratio is 22.73%.

Analyst Upgrades and Downgrades

CHH has been the subject of a number of recent research reports. StockNews.com lowered Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a report on Thursday. Jefferies Financial Group upgraded shares of Choice Hotels International from an “underperform” rating to a “buy” rating and lifted their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Barclays dropped their price target on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, April 19th. Finally, Robert W. Baird decreased their price objective on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Choice Hotels International has an average rating of “Hold” and a consensus target price of $129.70.

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.