Brokers Set Expectations for Choice Hotels International, Inc.’s Q3 2021 Earnings (NYSE:CHH)

Choice Hotels International, Inc. (NYSE:CHH) – Investment analysts at Jefferies Financial Group increased their Q3 2021 earnings per share (EPS) estimates for shares of Choice Hotels International in a research report issued to clients and investors on Monday, May 10th. Jefferies Financial Group analyst D. Katz now expects that the company will earn $1.05 per share for the quarter, up from their prior estimate of $1.00. Jefferies Financial Group also issued estimates for Choice Hotels International’s Q4 2021 earnings at $0.74 EPS and FY2022 earnings at $4.38 EPS.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Sunday, May 9th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). Choice Hotels International had a net margin of 12.92% and a negative return on equity of 419.83%. The firm had revenue of $183.00 million for the quarter, compared to analysts’ expectations of $200.24 million. During the same period in the prior year, the company posted $0.76 earnings per share. Choice Hotels International’s quarterly revenue was down 16.1% compared to the same quarter last year.

A number of other equities analysts also recently weighed in on CHH. Deutsche Bank Aktiengesellschaft upped their target price on Choice Hotels International from $84.00 to $98.00 and gave the company a “hold” rating in a report on Thursday, February 25th. Morgan Stanley upped their target price on Choice Hotels International from $106.00 to $111.00 and gave the company an “equal weight” rating in a report on Monday, March 1st. Truist Securities upped their target price on Choice Hotels International from $90.00 to $102.00 and gave the company a “hold” rating in a report on Monday, April 26th. Finally, Truist Financial upped their target price on Choice Hotels International from $90.00 to $102.00 in a report on Tuesday, April 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Choice Hotels International presently has a consensus rating of “Hold” and a consensus target price of $98.00.

CHH stock opened at $119.23 on Thursday. Choice Hotels International has a one year low of $68.85 and a one year high of $120.00. The firm has a market capitalization of $6.62 billion, a PE ratio of 60.83 and a beta of 1.48. The firm has a 50-day moving average of $111.52 and a two-hundred day moving average of $105.69.

Several large investors have recently made changes to their positions in CHH. State of Alaska Department of Revenue increased its stake in shares of Choice Hotels International by 52.8% in the fourth quarter. State of Alaska Department of Revenue now owns 8,729 shares of the company’s stock valued at $931,000 after buying an additional 3,016 shares in the last quarter. Hexavest Inc. acquired a new stake in Choice Hotels International in the fourth quarter worth about $524,000. Boston Trust Walden Corp increased its position in Choice Hotels International by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 262,280 shares of the company’s stock worth $27,993,000 after purchasing an additional 899 shares during the period. Kinloch Capital LLC acquired a new stake in Choice Hotels International in the fourth quarter worth about $64,000. Finally, New York State Teachers Retirement System increased its position in Choice Hotels International by 2.3% in the fourth quarter. New York State Teachers Retirement System now owns 8,800 shares of the company’s stock worth $939,000 after purchasing an additional 200 shares during the period. Institutional investors own 57.93% of the company’s stock.

In other news, SVP Scott E. Oaksmith sold 5,548 shares of the firm’s stock in a transaction on Monday, April 26th. The stock was sold at an average price of $112.47, for a total value of $623,983.56. Following the completion of the sale, the senior vice president now directly owns 34,697 shares in the company, valued at $3,902,371.59. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Pepper sold 17,973 shares of the firm’s stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $111.82, for a total value of $2,009,740.86. Insiders have sold 66,448 shares of company stock valued at $7,528,492 over the last quarter. Corporate insiders own 21.73% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 16th. Shareholders of record on Thursday, July 1st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, June 30th. This represents a $0.90 annualized dividend and a yield of 0.75%.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It 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, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

See Also: Retained Earnings

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

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