Choice Hotels International Inc (NYSE:CHH) Expected to Post Earnings of $0.85 Per Share

Brokerages predict that Choice Hotels International Inc (NYSE:CHH) will report earnings per share (EPS) of $0.85 for the current quarter, according to Zacks. Five analysts have issued estimates for Choice Hotels International’s earnings. The lowest EPS estimate is $0.81 and the highest is $0.87. Choice Hotels International posted earnings per share of $0.88 in the same quarter last year, which suggests a negative year-over-year growth rate of 3.4%. The company is scheduled to announce its next quarterly earnings report on Friday, February 21st.

According to Zacks, analysts expect that Choice Hotels International will report full-year earnings of $4.26 per share for the current fiscal year, with EPS estimates ranging from $4.21 to $4.28. For the next year, analysts expect that the company will post earnings of $4.38 per share, with EPS estimates ranging from $3.62 to $4.79. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Choice Hotels International.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Tuesday, November 5th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. Choice Hotels International had a negative return on equity of 174.81% and a net margin of 19.43%. The company had revenue of $310.73 million for the quarter, compared to analyst estimates of $306.10 million. During the same period in the prior year, the firm posted $1.24 EPS. The business’s revenue was up 6.6% compared to the same quarter last year.

Several research analysts have weighed in on the company. Morgan Stanley reaffirmed a “hold” rating and issued a $81.00 target price on shares of Choice Hotels International in a research report on Wednesday, November 6th. ValuEngine upgraded Choice Hotels International from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Choice Hotels International from $73.00 to $81.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Robert W. Baird initiated coverage on Choice Hotels International in a research note on Thursday, August 22nd. They set an “outperform” rating and a $97.00 price target for the company. Finally, Wells Fargo & Co decreased their price target on Choice Hotels International from $90.00 to $88.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Choice Hotels International presently has an average rating of “Hold” and an average price target of $88.11.

In other news, insider Patrick Cimerola sold 5,602 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $90.20, for a total transaction of $505,300.40. Following the completion of the sale, the insider now owns 24,926 shares in the company, valued at approximately $2,248,325.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 20,293 shares of company stock valued at $1,800,106. 24.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in CHH. Cullen Frost Bankers Inc. bought a new stake in Choice Hotels International during the 2nd quarter valued at approximately $26,000. Advisor Group Inc. boosted its stake in Choice Hotels International by 110.8% during the 2nd quarter. Advisor Group Inc. now owns 331 shares of the company’s stock valued at $29,000 after purchasing an additional 174 shares during the period. Quest Capital Management Inc. ADV bought a new stake in Choice Hotels International during the 3rd quarter valued at approximately $43,000. Glen Harbor Capital Management LLC bought a new stake in Choice Hotels International during the 2nd quarter valued at approximately $54,000. Finally, Tyers Asset Management LLC bought a new stake in Choice Hotels International during the 2nd quarter valued at approximately $75,000. Hedge funds and other institutional investors own 59.16% of the company’s stock.

Shares of CHH stock opened at $92.42 on Monday. Choice Hotels International has a fifty-two week low of $66.71 and a fifty-two week high of $94.78. The stock’s 50-day moving average is $88.41 and its two-hundred day moving average is $87.49. The firm has a market cap of $5.09 billion, a P/E ratio of 23.76, a PEG ratio of 2.85 and a beta of 0.92.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

Recommended Story: What Does a Sell-Side Analyst Rating Mean?

Get a free copy of the Zacks research report on Choice Hotels International (CHH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Choice Hotels International (NYSE:CHH)

Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter.