Analysts expect Choice Hotels International, Inc. (NYSE: CHH) to generate revenue of $ 298.45 million for the current quarter. Zacks Investment Research reported. Four analysts have released estimates of Choice Hotels International revenue, with the lowest revenue estimate being $ 259.30 million and the highest estimate being $ 361.00 million. Choice Hotels International reported revenue of $ 193.39 million in the year-ago quarter, indicating a positive year-over-year growth rate of 54.3%. The company is expected to release its next quarterly results on Wednesday, February 16.
According to Zacks, analysts expect Choice Hotels International to have annual sales of $ 1.10 billion for the current year, with estimates ranging from $ 1.04 billion to $ 1.25 billion. For the next year, analysts expect sales of 1.22 billion US dollars, with estimates ranging between 1.15 billion US dollars and 1.41 billion US dollars. Zacks Investment Research’s revenue calculations are based on a survey of sell-side research firms covering Choice Hotels International.
Choice Hotels International (NYSE: CHH) last announced its quarterly results on Thursday, November 4th. The company reported earnings per share (EPS) for the quarter of $ 1.51, beating the 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 return on equity of 258.96% and a net margin of 23.80%. The company’s revenue increased 53.5% year over year. In the same quarter last year, the company achieved $ 0.66 EPS.
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CHH has been the subject of several analyst reports. Wells Fargo & Company downgraded Choice Hotels International from “overweight” to “even” in a research report dated Wednesday, November 17, and raised its target price for the company from $ 135.00 to $ 155.00. They discovered that the move was a call for evaluation. Jefferies Financial Group raised its price target for Choice Hotels International from USD 115.00 to USD 126.00 and gave the company a “Hold” rating in a research report on Friday, October 1st. Loop Capital began reporting on Choice Hotels International in a research report on Tuesday, October 5th. They set a “Buy” rating and a target price of $ 145.00 on the stock. Deutsche Bank Aktiengesellschaft raised its price target for Choice Hotels International from US $ 113.00 to US $ 128.00 and gave the company a “Hold” rating in a research report on Tuesday, November 9th. Finally, Morgan Stanley raised its price target for Choice Hotels International from $ 121.00 to $ 132.00 and rated the company as “equilibrium” in a research report on Monday, November 8th. Seven research analysts have given the share a hold rating and one has given the company’s share a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $ 128.11.
In other news, insider Elizabeth A. Redmond sold 6,721 shares in the company in one transaction on Thursday, September 23. The stock sold at an average price of $ 125.84 for a total value of $ 845,770.64. The sale was announced in a legal filing with the Securities & Exchange Commission, available at the SEC website. Also SVP Simone Wu sold 2,203 shares of Choice Hotels International in a transaction on Thursday, September 23rd. The shares were sold at an average price of $ 125.39 for a total value of $ 276,234.17. The disclosure for this sale can be found here. In the past ninety days, insiders sold 15,253 shares in the company, valued at $ 1,931,274. 21.15% of the shares are currently owned by insiders.
Hedge funds and other institutional investors recently bought and sold shares in the company. Envestnet Asset Management Inc. increased its stake in Choice Hotels International by 13.0% in the second quarter. Envestnet Asset Management Inc. now owns 17,991 shares in the company, valued at $ 2,138,000, after purchasing an additional 2,065 shares last quarter. The Alaska Treasury Department increased its stake in Choice Hotels International by 530.4% in the third quarter. The Alaska State Treasury now owns 37,809 shares in the company, valued at $ 4,777,000, after purchasing an additional 31,811 shares last quarter. Parametric Portfolio Associates LLC increased its stake in Choice Hotels International by 1.6% in the second quarter. Parametric Portfolio Associates LLC now owns 131,360 shares in the company valued at $ 15,613,000 after purchasing an additional 2,075 shares last quarter. The California State Teachers Retirement System increased its stake in Choice Hotels International by 0.3% in the second quarter. The California State Teachers Retirement System now owns 62,695 shares in the company valued at $ 7,452,000 after purchasing an additional 185 shares last quarter. Eventually, Schonfeld Strategic Advisors LLC bought a new position in Choice Hotels International for approximately $ 236,000 in the first quarter. Institutional investors own 77.14% of the company’s stock.
CHH opened at $ 144.32 on Friday. Choice Hotels International has a 12-month low of $ 98.90 and a 12-month high of $ 153.03. The company has a debt of 3.98, a current metric of 1.20 and a quick ratio of 1.20. The stock has a market cap of $ 8.03 billion, a P / E of 34.78, a P / E of 1.02, and a beta of 1.45. The 50-day moving average price for the stock is $ 138.27 and the 200-day moving average price is $ 125.66.
The company also recently announced a quarterly dividend, which was paid on Friday, October 15th. Shareholders of record on Friday, October 1, received a dividend of $ 0.225. The ex-dividend date of this dividend was Thursday September 30th. This equates to an annualized dividend of $ 0.90 and a dividend yield of 0.62%. Choice Hotels International’s dividend payout ratio (DPR) is currently 21.69%.
About Choice Hotels International
Choice Hotels International, Inc. franchises and operates hotels. 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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