Choice Hotels International (CHH) Updates Q4 Earnings Guidance

Choice Hotels International (NYSE:CHH) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.78-0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.82. Choice Hotels International also updated its FY 2018 guidance to $3.79-3.86 EPS.

Several research analysts recently weighed in on the company. ValuEngine raised Choice Hotels International from a hold rating to a buy rating in a research note on Saturday, September 22nd. TheStreet raised Choice Hotels International from a c+ rating to a b- rating in a research note on Friday, September 28th. Zacks Investment Research cut Choice Hotels International from a strong-buy rating to a hold rating in a research note on Wednesday, July 18th. Longbow Research assumed coverage on Choice Hotels International in a research note on Friday, September 7th. They set a buy rating and a $95.00 target price for the company. Finally, Wells Fargo & Co reaffirmed a hold rating on shares of Choice Hotels International in a research note on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $83.22.

Shares of NYSE:CHH traded down $0.01 during midday trading on Friday, reaching $77.63. The company had a trading volume of 157,283 shares, compared to its average volume of 398,053. Choice Hotels International has a 1-year low of $69.06 and a 1-year high of $85.35. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Thursday, November 8th. The company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.08. Choice Hotels International had a negative return on equity of 87.57% and a net margin of 14.08%. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $321.69 million. During the same quarter last year, the company posted $0.95 EPS. Choice Hotels International’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts anticipate that Choice Hotels International will post 3.76 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Tuesday, October 2nd were given a $0.215 dividend. The ex-dividend date of this dividend was Monday, October 1st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.11%. Choice Hotels International’s dividend payout ratio (DPR) is 29.86%.

In related news, CEO Patrick Pacious sold 35,350 shares of the stock in a transaction on Friday, September 21st. The stock was sold at an average price of $82.33, for a total value of $2,910,365.50. Following the completion of the transaction, the chief executive officer now owns 139,498 shares in the company, valued at approximately $11,484,870.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick Cimerola sold 5,180 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $81.91, for a total value of $424,293.80. Following the completion of the transaction, the insider now owns 20,829 shares of the company’s stock, valued at approximately $1,706,103.39. The disclosure for this sale can be found here. Insiders sold a total of 55,323 shares of company stock valued at $4,553,317 in the last quarter. 22.01% of the stock is currently owned by corporate insiders.

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Choice Hotels International Company Profile

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.

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

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