Stock analysts predict that Choice Hotels International, Inc. (NYSE: CHH) will generate revenue of $ 278.20 million for the current quarter Zacks. Four analysts have provided estimates of Choice Hotels International revenue, with the lowest revenue estimate being $ 259.30 million and the highest estimate being $ 304.93 million. Choice Hotels International reported revenue of $ 193.39 million in the year-ago quarter, indicating a positive year-over-year growth rate of 43.9%. The company is expected to release its next quarterly report on Wednesday, February 16.

According to Zacks, analysts expect Choice Hotels International to have total annual sales of $ 1.06 billion for the current fiscal year, with estimates ranging from $ 1.04 billion to $ 1.09 billion. For the next year, analysts are forecasting revenue of $ 1.19 billion, with estimates ranging between $ 1.15 billion and $ 1.24 billion. Zacks Investment Research’s revenue calculations are an average average based on a survey of sell-side analysts following Choice Hotels International.

Choice Hotels International (NYSE: CHH) last published its results on Thursday November 4th. The company reported $ 1.51 EPS for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.36 by $ 0.15. The company had revenue of $ 323.40 million for the quarter, compared to the consensus estimate of $ 336.99 million. Choice Hotels International achieved a net margin of 23.80% and a return on equity of 258.96%. The company’s revenue increased 53.5% for the quarter compared to the same quarter last year. For the same period last year, the company had earnings per share of $ 0.66.

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Several research companies recently published reports on CHH. Zacks Investment Research downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a price target of $ 159 for the company. in a report on Wednesday November 10th. Wells Fargo & Company downgraded its stock of Choice Hotels International from an “overweight” rating of “overweight” to “equally weighted” and raised its price target from $ 135.00 to $ 155.00 in a report on Wednesday, November 17. They discovered that the move was a call for evaluation. Truist Securities raised its price target on Choice Hotels International shares from $ 114.00 to $ 125.00 and gave the company a “hold” rating in a research note on Friday, December 3rd. Jefferies Financial Group raised its price target for Choice Hotels International shares from USD 115.00 to USD 126.00 and gave the company a “Hold” rating in a research note on Friday, October 1st. Finally, Deutsche Bank Aktiengesellschaft raised its price target for the stock of Choice Hotels International from USD 113.00 to USD 128.00 and gave the company a “Hold” rating in a research note on Tuesday, November 9th. Nine analysts have given the share a hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $ 130.30.

NYSE CHH opened on Friday at $ 143.22. The company has a current metric of 1.20, a fast metric of 1.20, and a leverage ratio of 3.98. The company has a fifty-day simple moving average of $ 143.43 and a 200-day simple moving average of $ 128.50. The company has a market cap of $ 7.97 billion, a P / E of 34.51, a P / E of 0.97, and a beta of 1.44. Choice Hotels International has a 1-year low of $ 100.11 and a 1-year high of $ 153.03.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Shareholders of record on Tuesday January 4th will receive a dividend of $ 0.2375 per share. The ex-dividend date of this dividend is Monday January 3rd. This equates to an annual dividend of $ 0.95 and a yield of 0.66%. This is a positive change from Choice Hotels International’s previous quarterly dividend of $ 0.23. Choice Hotels International’s payout ratio is currently 21.69%.

In other news, CFO Dominic Dragisich sold 4,425 shares in the company in a transaction dated Friday, September 24. The shares were sold at an average price of $ 127.59 for a total value of $ 564,585.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Even SVP Simone Wu sold 1,904 shares in the company in a transaction dated Monday, Sept. 27. The shares were sold at an average price of $ 128.51 for a total transaction of $ 244,683.04. The disclosure for this sale can be found here. In the past three months, insiders sold 15,253 shares in the company, valued at $ 1,931,274. Insiders own 21.15% of the company’s stock.

Several hedge funds and other institutional investors recently changed their holdings in CHH. American International Group Inc. increased its stake in Choice Hotels International by 10.0% in the third quarter. American International Group Inc. now owns 56,845 shares in the company valued at $ 7,184,000 after purchasing an additional 5,146 shares during the period. Bank of New York Mellon Corp increased its stake in Choice Hotels International by 15.4% in the third quarter. Bank of New York Mellon Corp now owns 320,911 shares in the company valued at $ 40,553,000 after purchasing an additional 42,832 shares during the reporting period. Gyon Technologies Capital Management LP acquired a new stake in Choice Hotels International in the 3rd quarter valued at approximately $ 428,000. Schonfeld Strategic Advisors LLC acquired a new stake in Choice Hotels International worth around USD 284,000 in the third quarter. Finally, Captrust Financial Advisors increased its stake in Choice Hotels International by 77.3% in the third quarter. Captrust Financial Advisors now owns 312 shares in the company valued at $ 39,000 after purchasing an additional 136 shares during the reporting period. 77.14% of the shares are currently owned by institutional investors.

Choice Hotels International company profile

Choice Hotels International, Inc is a franchisee and hotel operator. It operates in the hotel franchising, corporate and other segments. The hotel franchising segment refers to the hotel franchising activities, which are comprised of the company’s various hotel brands. The Corporate and Other segment deals with hotel sales and rental income in connection with company-owned office buildings.

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