$1.14 EPS Expected for Choice Hotels International Inc (CHH) This Quarter

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Wall Street brokerages predict that Choice Hotels International Inc (NYSE:CHH) will report earnings of $1.14 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Choice Hotels International’s earnings. The highest EPS estimate is $1.15 and the lowest is $1.12. Choice Hotels International reported earnings of $1.11 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The business is scheduled to report its next quarterly earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Choice Hotels International will report full year earnings of $4.18 per share for the current financial year, with EPS estimates ranging from $4.12 to $4.25. For the next financial year, analysts expect that the firm will post earnings of $4.33 per share, with EPS estimates ranging from $3.89 to $4.57. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Choice Hotels International.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.09. Choice Hotels International had a net margin of 21.08% and a negative return on equity of 124.30%. The company had revenue of $218.30 million for the quarter, compared to analyst estimates of $221.84 million. During the same quarter in the prior year, the business posted $0.67 EPS. Choice Hotels International’s quarterly revenue was up 4.3% on a year-over-year basis.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. SunTrust Banks raised their target price on shares of Choice Hotels International from $80.00 to $87.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $76.00 target price on shares of Choice Hotels International in a research note on Sunday, February 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $82.88.

In other Choice Hotels International news, insider John Bonds sold 5,102 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $82.01, for a total value of $418,415.02. Following the completion of the sale, the insider now directly owns 84,158 shares of the company’s stock, valued at approximately $6,901,797.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Simone Wu sold 24,773 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $83.67, for a total transaction of $2,072,756.91. Following the completion of the sale, the senior vice president now directly owns 53,255 shares of the company’s stock, valued at $4,455,845.85. The disclosure for this sale can be found here. Insiders sold a total of 43,940 shares of company stock worth $3,599,920 over the last quarter. 24.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of CHH. Atlanta Capital Management Co. L L C boosted its holdings in Choice Hotels International by 79.5% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 3,265,458 shares of the company’s stock valued at $233,741,000 after purchasing an additional 1,446,073 shares during the period. Norges Bank bought a new stake in Choice Hotels International in the 4th quarter valued at $32,883,000. Morgan Stanley boosted its holdings in Choice Hotels International by 692.0% in the 3rd quarter. Morgan Stanley now owns 307,370 shares of the company’s stock valued at $25,604,000 after purchasing an additional 268,559 shares during the period. Wellington Management Group LLP boosted its holdings in Choice Hotels International by 6.2% in the 1st quarter. Wellington Management Group LLP now owns 3,511,160 shares of the company’s stock valued at $272,958,000 after purchasing an additional 204,359 shares during the period. Finally, State of Wisconsin Investment Board boosted its holdings in Choice Hotels International by 99.6% in the 1st quarter. State of Wisconsin Investment Board now owns 317,864 shares of the company’s stock valued at $24,711,000 after purchasing an additional 158,600 shares during the period. 58.66% of the stock is owned by hedge funds and other institutional investors.

Shares of CHH traded up $0.09 during mid-day trading on Friday, hitting $83.30. 116,340 shares of the company’s stock were exchanged, compared to its average volume of 311,593. Choice Hotels International has a twelve month low of $66.71 and a twelve month high of $87.25. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Tuesday, July 2nd will be paid a $0.215 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.86 dividend on an annualized basis and a yield of 1.03%. Choice Hotels International’s payout ratio is presently 22.11%.

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 Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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

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