Choice Hotels International (NYSE:CHH) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Choice Hotels International (NYSE:CHH) announced its quarterly earnings results on Thursday. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.03), Briefing.com reports. The business had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. Choice Hotels International’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 EPS. Choice Hotels International updated its FY24 guidance to $6.40-6.65 EPS and its FY 2024 guidance to 6.400-6.650 EPS.

Choice Hotels International Stock Performance

Shares of NYSE CHH traded up $0.02 during midday trading on Friday, hitting $121.32. The company’s stock had a trading volume of 633,370 shares, compared to its average volume of 548,847. The stock has a fifty day moving average price of $121.12 and a 200 day moving average price of $120.23. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.13 and a beta of 1.23. Choice Hotels International has a one year low of $108.91 and a one year high of $136.02. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 177.75.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were given a dividend of $0.2875 per share. The ex-dividend date was Monday, July 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.95%. Choice Hotels International’s dividend payout ratio is presently 24.68%.

Wall Street Analysts Forecast Growth

CHH has been the topic of a number of recent research reports. Truist Financial dropped their target price 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 decreased their price objective on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft decreased their price target 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. UBS Group reduced their price objective on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Susquehanna began coverage on Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $130.45.

Insider Buying and Selling

In other Choice Hotels International news, insider Robert J. Mcdowell sold 1,243 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total transaction of $146,151.94. Following the sale, the insider now owns 38,502 shares of the company’s stock, valued at approximately $4,527,065.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Choice Hotels International news, insider Robert J. Mcdowell sold 1,243 shares of Choice Hotels International stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total transaction of $146,151.94. Following the completion of the transaction, the insider now owns 38,502 shares of the company’s stock, valued at approximately $4,527,065.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $1,632,410.65. Following the completion of the sale, the executive vice president now directly owns 69,171 shares in the company, valued at $8,608,330.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,619 shares of company stock valued at $3,436,998. Company insiders own 24.02% of the company’s stock.

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.