Choice Hotels International (NYSE:CHH) Updates FY 2024 Earnings Guidance

Choice Hotels International (NYSE:CHH) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 6.700-6.870 for the period, compared to the consensus EPS estimate of 6.490. The company issued revenue guidance of -. Choice Hotels International also updated its FY24 guidance to $6.70-6.87 EPS.

Choice Hotels International Trading Up 3.8 %

CHH traded up $5.25 on Monday, reaching $144.01. 239,828 shares of the company’s stock were exchanged, compared to its average volume of 479,195. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $149.75. The company’s 50 day moving average is $130.88 and its 200-day moving average is $123.78. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.28 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business had revenue of $435.20 million during the quarter, compared to analysts’ expectations of $438.29 million. During the same period in the prior year, the business posted $1.75 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts predict that Choice Hotels International will post 6.35 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is presently 23.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CHH shares. Truist Financial dropped their target price on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Robert W. Baird set a $138.00 price objective on shares of Choice Hotels International in a research note on Thursday, October 17th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group started coverage on shares of Choice Hotels International in a research note on Wednesday, September 18th. They set a “sell” rating and a $105.00 price target on the stock. Finally, 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 report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.50.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were 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 in the company, valued at approximately $5,940,623.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,429 shares of company stock valued at $4,866,493. Insiders own 24.02% of the company’s stock.

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.