Choice Hotels International (NYSE:CHH – Get Free Report) on Thursday updated its fiscal year 2024 earnings forecast. The company provided earnings per share (EPS) guidance of $6.400-6.650 for the period, compared to the consensus estimate of $6.490. The company issued revenue guidance of -. Choice Hotels International also updated its fiscal year 2024 forecast to $6.40-6.65 EPS.
Choice Hotels International Value for money
NYSE CHH traded $0.02 lower on Friday, reaching $121.28. The company had a trading volume of 633,370 shares, compared to its average volume of 548,847. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $5.84 billion, a P/E ratio of 26.03, a PEG ratio of 2.13 and a beta of 1.23. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $136.02. The company’s 50-day moving average price is $121.12 and its 200-day moving average price is $120.25.
Choice Hotels International (NYSE:CHH – Get Free Report) last released its quarterly earnings results on Thursday, August 8. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.03). Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The company posted revenue of $435.20 million during the quarter, compared to analyst estimates of $438.29 million. In the same quarter last year, the company reported earnings per share of $1.75. The company’s quarterly revenue grew by 1.8% year-over-year. As a group, analysts forecast that Choice Hotels International will report earnings per share of $6.46 for the current year.
Dividend announcement from Choice Hotels International
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 16. Investors of record on Monday, July 1 were given a dividend of $0.2875. This represents a dividend of $1.15 on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, July 1. Choice Hotels International’s dividend payout ratio is currently 24.68%.
Analysts set new price targets
Several equities analysts have recently commented on the stock. Truist Financial lowered their price target on Choice Hotels International from $146.00 to $144.00 and gave the company a hold rating in a research report on Thursday, May 30th. UBS Group lowered their price target on Choice Hotels International from $126.00 to $125.00 and gave the company a neutral rating in a report on Friday. JPMorgan Chase & Co. lowered Choice Hotels International from a neutral rating to an underweight rating and gave a $120.00 price target on the stock. Barclays lowered their price target on Choice Hotels International from $114.00 to $112.00 and gave the company an underweight rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Choice Hotels International from $128.00 to $112.00 and gave the stock a “hold” rating in a research note on Thursday, May 9. Three research analysts have rated the stock with a “sell” rating, six have given a “hold” rating and three have given a “buy” rating. According to data from MarketBeat.com, Choice Hotels International has an average “hold” rating and an average price target of $130.45.
Check out our latest report on Choice Hotels International
Insider buying and selling at Choice Hotels International
In other Choice Hotels International news, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction that occurred on Friday, July 12. The shares were sold at an average price of $125.08, for a total value of $1,658,435.72. Following the transaction, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction that occurred on Friday, July 12. The shares were sold at an average price of $125.08, for a total value of $1,658,435.72. Following the completion of the sale, the insider now owns 23,461 shares of the company’s stock, valued at approximately $2,934,501.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. Also, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction that occurred on Friday, July 12. The shares were 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 directly owns 69,171 shares of the company’s stock, valued at approximately $8,608,330.95. The disclosure regarding this sale can be found here. Insiders have sold 27,619 shares of the company’s stock during the last quarter, valued at $3,436,998. 24.02% of the shares are currently owned by company insiders.
About Choice Hotels International
(Get free report)
Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. The company operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging establishments under the 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 brand names.
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