Zacks: Brokerages Expect Choice Hotels International, Inc. (NYSE:CHH) to Post $1.25 EPS

Wall Street analysts expect Choice Hotels International, Inc. (NYSE:CHH) to post $1.25 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Choice Hotels International’s earnings, with the lowest EPS estimate coming in at $1.04 and the highest estimate coming in at $1.42. Choice Hotels International reported earnings per share of $0.66 during the same quarter last year, which suggests a positive year over year growth rate of 89.4%. The firm is scheduled to report its next earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Choice Hotels International will report full-year earnings of $3.81 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $4.11. For the next financial year, analysts anticipate that the business will post earnings of $4.62 per share, with EPS estimates ranging from $4.34 to $5.03. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Choice Hotels International.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, August 5th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.31. The business had revenue of $278.34 million for the quarter, compared to analyst estimates of $298.86 million. Choice Hotels International had a return on equity of 683.02% and a net margin of 15.09%.

A number of brokerages recently weighed in on CHH. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Tuesday, July 20th. TheStreet upgraded Choice Hotels International from a “c” rating to a “b” rating in a research report on Thursday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Choice Hotels International from $105.00 to $113.00 and gave the company a “hold” rating in a research report on Friday, August 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International has an average rating of “Hold” and an average target price of $104.00.

CHH stock traded up $0.39 during midday trading on Friday, reaching $121.25. 252 shares of the stock were exchanged, compared to its average volume of 224,275. The stock has a market capitalization of $6.75 billion, a PE ratio of 51.87, a P/E/G ratio of 0.90 and a beta of 1.49. Choice Hotels International has a 52 week low of $82.59 and a 52 week high of $123.77. The company has a debt-to-equity ratio of 10.10, a current ratio of 1.92 and a quick ratio of 1.92. The company has a fifty day moving average price of $118.15 and a 200 day moving average price of $115.64.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 1st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 30th. Choice Hotels International’s dividend payout ratio (DPR) is 40.54%.

In other Choice Hotels International news, Director John P. Tague sold 536 shares of the firm’s stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $113.07, for a total transaction of $60,605.52. Following the sale, the director now owns 27,266 shares in the company, valued at $3,082,966.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dominic Dragisich sold 2,258 shares of the firm’s stock in a transaction dated Thursday, August 12th. The shares were sold at an average price of $118.12, for a total value of $266,714.96. Following the sale, the chief financial officer now owns 28,234 shares in the company, valued at approximately $3,335,000.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,290 shares of company stock valued at $1,342,062. 21.15% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. RE Advisers Corp bought a new position in shares of Choice Hotels International during the second quarter valued at about $27,000. Bessemer Group Inc. bought a new stake in shares of Choice Hotels International in the first quarter worth about $35,000. FMR LLC grew its stake in shares of Choice Hotels International by 280.8% in the second quarter. FMR LLC now owns 297 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares during the last quarter. Logan Capital Management Inc. bought a new stake in shares of Choice Hotels International in the first quarter worth about $43,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Choice Hotels International in the second quarter worth about $44,000. 58.40% of the stock is currently owned by hedge funds and other institutional investors.

About Choice Hotels International

Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office building owned by the company.

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

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