Choice Hotels International (CHH) Releases FY 2018 Earnings Guidance

Choice Hotels International (NYSE:CHH) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.79-3.86 for the period, compared to the Thomson Reuters consensus estimate of $3.76. Choice Hotels International also updated its Q4 guidance to $0.78-0.85 EPS.

Choice Hotels International stock opened at $78.10 on Friday. Choice Hotels International has a one year low of $69.06 and a one year high of $85.35. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 2.42 and a beta of 1.06.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, November 8th. The company reported $1.24 EPS for the quarter, topping 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 firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $321.69 million. During the same quarter last year, the company earned $0.95 EPS. The company’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts forecast that Choice Hotels International will post 3.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Shareholders of record on Tuesday, October 2nd were paid a dividend of $0.215 per share. The ex-dividend date was Monday, October 1st. This represents a $0.86 dividend on an annualized basis and a yield of 1.10%. Choice Hotels International’s dividend payout ratio (DPR) is presently 29.86%.

A number of brokerages have weighed in on CHH. Zacks Investment Research downgraded Choice Hotels International from a hold rating to a sell rating in a report on Friday, October 12th. TheStreet raised Choice Hotels International from a c+ rating to a b- rating in a report on Friday, September 28th. Longbow Research began coverage on Choice Hotels International in a report on Friday, September 7th. They issued a buy rating and a $95.00 target price on the stock. ValuEngine downgraded Choice Hotels International from a buy rating to a hold rating in a report on Thursday, October 11th. Finally, Jefferies Financial Group set a $83.00 target price on Choice Hotels International and gave the company a hold rating in a report on Friday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $82.89.

In related news, insider Patrick Cimerola sold 5,180 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $81.91, for a total transaction of $424,293.80. Following the sale, the insider now owns 20,829 shares of the company’s stock, valued at approximately $1,706,103.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick Pacious sold 9,613 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $82.02, for a total value of $788,458.26. Following the sale, the chief executive officer now directly owns 132,599 shares in the company, valued at approximately $10,875,769.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,323 shares of company stock worth $4,553,317. Company insiders own 22.01% of the company’s stock.

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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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