Choice Hotels International (NYSE:CHH) Issues FY24 Earnings Guidance

Choice Hotels International (NYSE:CHH) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $6.70-6.87 for the period, compared to the consensus earnings per share estimate of $6.48. Choice Hotels International also updated its FY 2024 guidance to 6.700-6.870 EPS.

Choice Hotels International Stock Performance

Choice Hotels International stock traded up $4.59 during midday trading on Wednesday, hitting $144.05. 227,010 shares of the company were exchanged, compared to its average volume of 480,319. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $6.80 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. The business has a fifty day simple moving average of $131.42 and a two-hundred day simple moving average of $124.15. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $149.75.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. The company 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 quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. On average, sell-side analysts forecast that Choice Hotels International will post 6.35 earnings per share for the current year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.80%. Choice Hotels International’s dividend payout ratio (DPR) is currently 23.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CHH shares. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research note on Wednesday. Robert W. Baird upped their target price on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays lifted their price target on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a report on Tuesday. JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a report on Friday, July 19th. Finally, StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $128.20.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at approximately $48,709,646.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares in the company, valued at $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,429 shares of company stock valued at $4,866,493. 24.02% of the stock is currently owned by corporate insiders.

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.