What is Zacks Research’s Forecast for CHH FY2024 Earnings?

Choice Hotels International, Inc. (NYSE:CHH) – Investment analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Choice Hotels International in a research report issued to clients and investors on Thursday, November 28th. Zacks Research analyst H. Ray now expects that the company will post earnings of $6.87 per share for the year, up from their prior forecast of $6.86. The consensus estimate for Choice Hotels International’s current full-year earnings is $6.84 per share. Zacks Research also issued estimates for Choice Hotels International’s Q4 2024 earnings at $1.52 EPS.

CHH has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their target price on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Barclays upped their target price on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Finally, UBS Group reduced their price objective on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $130.00.

Choice Hotels International Stock Down 0.4 %

Shares of NYSE:CHH opened at $149.98 on Monday. The firm has a 50 day simple moving average of $139.64 and a 200 day simple moving average of $128.01. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $153.81. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $7.04 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter last year, the business posted $1.82 EPS. Choice Hotels International’s revenue was up .6% on a year-over-year basis.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.77%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Insider Activity

In related news, insider Patrick Cimerola sold 1,714 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the transaction, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. This represents a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick Pacious sold 26,816 shares of Choice Hotels International stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the sale, the chief executive officer now owns 404,666 shares in the company, valued at $58,551,123.54. This represents a 6.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,437 shares of company stock valued at $9,788,980. 24.02% of the stock is owned by company insiders.

Institutional Trading of Choice Hotels International

Several institutional investors have recently made changes to their positions in CHH. Oddo BHF Asset Management Sas bought a new stake in shares of Choice Hotels International in the 3rd quarter valued at approximately $2,691,000. Franklin Resources Inc. lifted its holdings in Choice Hotels International by 26.2% during the 3rd quarter. Franklin Resources Inc. now owns 16,048 shares of the company’s stock valued at $2,155,000 after purchasing an additional 3,330 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Choice Hotels International by 33.4% in the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock valued at $2,193,000 after buying an additional 4,219 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Choice Hotels International in the third quarter valued at approximately $55,000. Finally, TD Private Client Wealth LLC grew its position in Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock worth $1,940,000 after acquiring an additional 3,446 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.