Choice Hotels International (NYSE:CHH) Releases FY 2024 Earnings Guidance

Choice Hotels International (NYSE:CHH) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 6.700-6.870 for the period, compared to the consensus earnings per share estimate of 6.490. The company issued revenue guidance of -. Choice Hotels International also updated its FY24 guidance to $6.70-6.87 EPS.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CHH shares. UBS Group lowered their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a research report on Friday, July 19th. Robert W. Baird set a $138.00 target price on Choice Hotels International in a report on Thursday, October 17th. Finally, The Goldman Sachs Group assumed coverage on Choice Hotels International in a report on Wednesday, September 18th. They set a “sell” rating and a $105.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Choice Hotels International has an average rating of “Hold” and an average target price of $125.50.

Choice Hotels International Stock Down 0.7 %

Shares of NYSE CHH opened at $139.30 on Tuesday. The firm’s 50-day moving average is $130.88 and its two-hundred day moving average is $123.83. The company has a market capitalization of $6.58 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $149.75. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. Choice Hotels International’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. Equities analysts anticipate that Choice Hotels International will post 6.35 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s payout ratio is 23.91%.

Insiders Place Their Bets

In related news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the transaction, the executive vice president now owns 68,509 shares in the company, valued at $9,240,493.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock valued at $4,866,493 in the last ninety days. Insiders own 24.02% of the company’s stock.

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.