Brokerages predict that Choice Hotels International Inc (NYSE:CHH) will announce sales of $222.47 million for the current quarter, Zacks reports. Four analysts have provided estimates for Choice Hotels International’s earnings, with the lowest sales estimate coming in at $215.50 million and the highest estimate coming in at $228.00 million. Choice Hotels International reported sales of $209.39 million during the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The firm is expected to issue its next earnings results on Thursday, May 9th.
According to Zacks, analysts expect that Choice Hotels International will report full year sales of $1.10 billion for the current financial year, with estimates ranging from $1.05 billion to $1.12 billion. For the next year, analysts forecast that the firm will post sales of $1.14 billion, with estimates ranging from $1.10 billion to $1.19 billion. Zacks Investment Research’s sales 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 quarterly earnings data on Friday, February 15th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. Choice Hotels International had a net margin of 20.78% and a negative return on equity of 108.64%. The firm had revenue of $245.00 million for the quarter, compared to analyst estimates of $261.58 million. During the same quarter last year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis.
CHH has been the topic of a number of recent analyst reports. Deutsche Bank reissued a “hold” rating and issued a $76.00 price target on shares of Choice Hotels International in a research report on Sunday, February 17th. SunTrust Banks lifted their price target on shares of Choice Hotels International from $80.00 to $87.00 and gave the company a “hold” rating in a research report on Tuesday, February 19th. Wells Fargo & Co reissued a “hold” rating on shares of Choice Hotels International in a research report on Tuesday, December 11th. Morgan Stanley set a $74.00 price target on shares of Choice Hotels International and gave the company a “hold” rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $81.38.
NYSE:CHH opened at $80.29 on Friday. Choice Hotels International has a 12 month low of $66.71 and a 12 month high of $84.55. The company has a market capitalization of $4.45 billion, a PE ratio of 20.64, a PEG ratio of 2.32 and a beta of 1.09.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd will be paid a $0.215 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.86 annualized dividend and a dividend yield of 1.07%. Choice Hotels International’s payout ratio is 22.11%.
In other news, insider Patrick Cimerola sold 6,410 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $77.72, for a total value of $498,185.20. Following the sale, the insider now owns 17,216 shares in the company, valued at $1,338,027.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David A. Pepper sold 7,655 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $79.76, for a total transaction of $610,562.80. Following the completion of the sale, the insider now owns 90,483 shares in the company, valued at approximately $7,216,924.08. The disclosure for this sale can be found here. Company insiders own 24.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in CHH. Enlightenment Research LLC acquired a new stake in shares of Choice Hotels International in the fourth quarter worth $29,000. Captrust Financial Advisors grew its stake in shares of Choice Hotels International by 85.7% in the fourth quarter. Captrust Financial Advisors now owns 531 shares of the company’s stock worth $38,000 after acquiring an additional 245 shares during the last quarter. ETF Managers Group LLC grew its stake in shares of Choice Hotels International by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 1,628 shares of the company’s stock worth $117,000 after acquiring an additional 222 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Choice Hotels International in the fourth quarter worth $161,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Choice Hotels International in the fourth quarter worth $204,000. Institutional investors and hedge funds own 59.18% of the company’s stock.
About Choice Hotels International
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.