Brokerages Expect Choice Hotels International, Inc. (CHH) to Post $0.63 Earnings Per Share
Equities research analysts predict that Choice Hotels International, Inc. (NYSE:CHH) will report earnings per share of $0.63 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Choice Hotels International’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.62. Choice Hotels International posted earnings per share of $0.56 in the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The company is expected to announce its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Choice Hotels International will report full-year earnings of $2.89 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $2.93. For the next year, analysts expect that the company will report earnings of $3.20 per share, with EPS estimates ranging from $3.13 to $3.32. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Choice Hotels International.
Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 6th. The company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The firm had revenue of $295.09 million during the quarter, compared to the consensus estimate of $288.50 million. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share.
Several brokerages have commented on CHH. SunTrust Banks reissued a “hold” rating and set a $71.00 target price on shares of Choice Hotels International in a research note on Friday, November 10th. Barclays boosted their target price on Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 7th. TheStreet raised Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Tuesday, October 17th. Finally, BidaskClub raised Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $65.00.
In other news, major shareholder Bruce Bainum sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total value of $18,512,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 22.01% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Choice Hotels International by 7.6% in the second quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock valued at $180,173,000 after buying an additional 197,890 shares during the period. Rhumbline Advisers increased its stake in shares of Choice Hotels International by 10.4% in the second quarter. Rhumbline Advisers now owns 62,199 shares of the company’s stock valued at $3,996,000 after buying an additional 5,876 shares during the period. Marshall Wace North America L.P. increased its stake in shares of Choice Hotels International by 35.0% in the second quarter. Marshall Wace North America L.P. now owns 101,987 shares of the company’s stock valued at $6,527,000 after buying an additional 26,436 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Choice Hotels International by 278.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 189,188 shares of the company’s stock valued at $12,155,000 after buying an additional 139,148 shares during the period. Finally, Markel Corp increased its stake in shares of Choice Hotels International by 66.7% in the third quarter. Markel Corp now owns 45,000 shares of the company’s stock valued at $2,875,000 after buying an additional 18,000 shares during the period. 50.83% of the stock is owned by institutional investors.
Shares of Choice Hotels International (CHH) traded down $0.50 during midday trading on Thursday, reaching $78.20. The company’s stock had a trading volume of 148,884 shares, compared to its average volume of 198,026. The company has a debt-to-equity ratio of -3.99, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $4,405.83, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 3.20 and a beta of 1.17. Choice Hotels International has a 12-month low of $52.70 and a 12-month high of $79.80.
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About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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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