Zacks: Analysts Anticipate Choice Hotels International Inc (NYSE:CHH) to Post $0.85 Earnings Per Share

Equities research analysts expect that Choice Hotels International Inc (NYSE:CHH) will announce earnings per share of $0.85 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Choice Hotels International’s earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.81. Choice Hotels International reported 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 business is scheduled to report its next quarterly earnings results 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 financial year, analysts anticipate that the business will post earnings of $4.38 per share, with EPS estimates ranging from $3.62 to $4.79. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Choice Hotels International.

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

Several analysts have weighed in on the stock. Wells Fargo & Co lowered their target price on shares of 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. Robert W. Baird assumed coverage on shares of Choice Hotels International in a research report on Thursday, August 22nd. They set an “outperform” rating and a $97.00 price target for the company. Deutsche Bank restated a “hold” rating and set a $82.00 price target on shares of Choice Hotels International in a research report on Wednesday, November 6th. Morgan Stanley reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Choice Hotels International in a report on Wednesday, November 6th. Finally, ValuEngine raised shares of Choice Hotels International from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Choice Hotels International has an average rating of “Hold” and a consensus target price of $88.11.

CHH stock traded down $0.14 during trading on Tuesday, hitting $97.28. 856,756 shares of the company’s stock traded hands, compared to its average volume of 314,331. Choice Hotels International has a 52 week low of $66.71 and a 52 week high of $98.30. The stock has a fifty day moving average price of $91.96 and a two-hundred day moving average price of $88.84. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95.

In related news, insider Patrick Cimerola sold 15,056 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $92.06, for a total value of $1,386,055.36. Following the completion of the sale, the insider now owns 34,380 shares of the company’s stock, valued at $3,165,022.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 35,349 shares of company stock valued at $3,186,161 in the last ninety days. Corporate insiders own 24.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Choice Hotels International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,081,850 shares of the company’s stock valued at $268,152,000 after acquiring an additional 81,654 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Choice Hotels International by 0.5% in the 2nd quarter. Brown Advisory Inc. now owns 992,778 shares of the company’s stock valued at $86,383,000 after acquiring an additional 4,719 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Choice Hotels International by 1.0% in the 2nd quarter. Macquarie Group Ltd. now owns 923,945 shares of the company’s stock valued at $80,393,000 after acquiring an additional 9,530 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Choice Hotels International by 16.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 597,431 shares of the company’s stock valued at $51,982,000 after acquiring an additional 84,500 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Choice Hotels International by 1,668.1% during the 2nd quarter. Invesco Ltd. now owns 587,733 shares of the company’s stock worth $51,138,000 after buying an additional 554,493 shares during the period. 60.42% of the stock is owned by institutional investors.

Choice Hotels International Company Profile

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.

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

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