Wall Street brokerages expect that Choice Hotels International, Inc. (NYSE:CHH) will post sales of $288.71 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Choice Hotels International’s earnings, with estimates ranging from $248.13 million to $386.00 million. Choice Hotels International posted sales of $151.73 million in the same quarter last year, which would indicate a positive year over year growth rate of 90.3%. The company is expected to announce its next earnings results before the market opens on Thursday, August 5th.
On average, analysts expect that Choice Hotels International will report full-year sales of $1.04 billion for the current financial year, with estimates ranging from $943.53 million to $1.21 billion. For the next year, analysts anticipate that the company will report sales of $1.21 billion, with estimates ranging from $1.06 billion to $1.44 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Choice Hotels International.
Choice Hotels International (NYSE:CHH) last issued its earnings results on Sunday, May 9th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). Choice Hotels International had a negative return on equity of 821.46% and a net margin of 5.72%. The business had revenue of $183.00 million for the quarter, compared to the consensus estimate of $200.24 million. During the same quarter in the prior year, the business earned $0.76 EPS. Choice Hotels International’s revenue for the quarter was down 16.1% compared to the same quarter last year.
In other Choice Hotels International news, insider Patrick Cimerola sold 2,628 shares of Choice Hotels International stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $112.51, for a total transaction of $295,676.28. Following the transaction, the insider now directly owns 32,714 shares of the company’s stock, valued at $3,680,652.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott E. Oaksmith sold 5,548 shares of Choice Hotels International stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $112.47, for a total transaction of $623,983.56. Following the transaction, the senior vice president now directly owns 34,697 shares in the company, valued at $3,902,371.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,857 shares of company stock valued at $7,988,493. 21.15% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. purchased a new position in shares of Choice Hotels International in the first quarter worth $35,000. Logan Capital Management Inc. purchased a new position in shares of Choice Hotels International in the first quarter worth $43,000. Nisa Investment Advisors LLC increased its stake in shares of Choice Hotels International by 28.6% in the first quarter. Nisa Investment Advisors LLC now owns 450 shares of the company’s stock worth $48,000 after buying an additional 100 shares during the period. Capital Analysts LLC increased its stake in shares of Choice Hotels International by 11.3% in the first quarter. Capital Analysts LLC now owns 909 shares of the company’s stock worth $98,000 after buying an additional 92 shares during the period. Finally, The PNC Financial Services Group Inc. increased its stake in shares of Choice Hotels International by 10.1% in the first quarter. The PNC Financial Services Group Inc. now owns 1,519 shares of the company’s stock worth $164,000 after buying an additional 139 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CHH stock traded down $0.96 during trading hours on Friday, reaching $117.31. The stock had a trading volume of 3,941 shares, compared to its average volume of 206,823. The stock has a fifty day simple moving average of $119.48. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 55.06. Choice Hotels International has a 12 month low of $80.76 and a 12 month high of $123.77. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 155.62, a PEG ratio of 1.66 and a beta of 1.49.
The business also recently announced a quarterly dividend, which was paid on Friday, July 16th. Shareholders of record on Thursday, July 1st were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, June 30th. This represents a $0.90 annualized dividend and a yield of 0.77%. Choice Hotels International’s payout ratio is presently 40.54%.
Choice Hotels International Company Profile
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.
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