Choice Hotels International (NYSE:CHH) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.58-0.61 for the period, compared to the Thomson Reuters consensus estimate of $0.61. Choice Hotels International also updated its FY18 guidance to $3.54-3.66 EPS.
Shares of Choice Hotels International (CHH) traded up $0.65 during trading hours on Wednesday, hitting $84.30. The stock had a trading volume of 335,724 shares, compared to its average volume of 270,298. Choice Hotels International has a 12-month low of $59.60 and a 12-month high of $84.75. The company has a market cap of $4,800.00, a price-to-earnings ratio of 30.88, a P/E/G ratio of 2.38 and a beta of 1.15. The company has a debt-to-equity ratio of -3.42, a current ratio of 1.37 and a quick ratio of 1.37.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.63 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.63. Choice Hotels International had a negative return on equity of 68.40% and a net margin of 11.40%. The company had revenue of $237.57 million during the quarter, compared to analyst estimates of $227.65 million. During the same quarter last year, the company earned $0.56 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. analysts forecast that Choice Hotels International will post 3.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Monday, April 2nd will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, March 29th. Choice Hotels International’s dividend payout ratio (DPR) is presently 31.50%.
A number of research analysts recently weighed in on CHH shares. JPMorgan Chase & Co. lowered Choice Hotels International from a neutral rating to an underweight rating and set a $72.00 price objective for the company. in a research report on Wednesday, December 13th. TheStreet lowered Choice Hotels International from a b rating to a c+ rating in a research report on Wednesday, February 21st. Barclays raised their price objective on Choice Hotels International from $67.00 to $75.00 and gave the company an underweight rating in a research report on Wednesday, February 21st. Wells Fargo & Co reaffirmed a market perform rating and set a $88.00 price objective (up previously from $86.00) on shares of Choice Hotels International in a research report on Wednesday, February 21st. Finally, UBS Group raised Choice Hotels International from a sell rating to a neutral rating in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $77.13.
In other Choice Hotels International news, Director William L. Jews sold 3,250 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $78.26, for a total transaction of $254,345.00. Following the sale, the director now directly owns 37,799 shares in the company, valued at approximately $2,958,149.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott E. Oaksmith sold 10,546 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $79.12, for a total value of $834,399.52. Following the sale, the insider now owns 33,356 shares in the company, valued at $2,639,126.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,995 shares of company stock worth $4,992,967. Company insiders own 22.01% of the company’s stock.
An institutional investor recently raised its position in Choice Hotels International stock. The Manufacturers Life Insurance Company lifted its position in Choice Hotels International Inc (NYSE:CHH) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,651 shares of the company’s stock after buying an additional 106 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Choice Hotels International were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 51.51% of the company’s stock.
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Choice Hotels International Company Profile
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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.
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