Choice Hotels International (CHH) Scheduled to Post Earnings on Thursday

Choice Hotels International (NYSE:CHH) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Choice Hotels International to post earnings of $1.86 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, May 8th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.15 by $0.13. The business had revenue of $331.90 million for the quarter, compared to the consensus estimate of $343.04 million. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. On average, analysts expect Choice Hotels International to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Choice Hotels International Trading Up 0.5 %

Shares of NYSE:CHH opened at $125.61 on Wednesday. The company has a market cap of $6.05 billion, a P/E ratio of 26.95, a PEG ratio of 2.13 and a beta of 1.23. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $136.02. The stock’s fifty day moving average price is $120.47 and its 200-day moving average price is $120.16.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, July 1st. Choice Hotels International’s payout ratio is currently 24.68%.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the sale, the executive vice president now owns 69,171 shares in the company, valued at $8,608,330.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the sale, the insider now owns 23,461 shares in the company, valued at $2,934,501.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the sale, the executive vice president now owns 69,171 shares of the company’s stock, valued at approximately $8,608,330.95. The disclosure for this sale can be found here. Insiders sold a total of 27,619 shares of company stock worth $3,436,998 over the last quarter. 24.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CHH has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Barclays lowered their price target on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a research report on Friday, July 19th. Robert W. Baird reduced their price objective on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $131.20.

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.