Equities analysts predict that Choice Hotels International, Inc. (NYSE:CHH – Get Rating) will report earnings per share (EPS) of $0.93 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Choice Hotels International’s earnings. The lowest EPS estimate is $0.80 and the highest is $1.06. Choice Hotels International reported earnings per share of $0.57 during the same quarter last year, which indicates a positive year over year growth rate of 63.2%. The company is scheduled to announce its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Choice Hotels International will report full-year earnings of $4.85 per share for the current financial year, with EPS estimates ranging from $4.59 to $5.16. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.41 per share, with EPS estimates ranging from $5.05 to $5.70. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Choice Hotels International.
Choice Hotels International (NYSE:CHH – Get Rating) last released its quarterly earnings results on Wednesday, February 16th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.18. Choice Hotels International had a return on equity of 160.24% and a net margin of 27.02%. The firm had revenue of $284.60 million for the quarter, compared to the consensus estimate of $274.85 million. During the same period last year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 47.2% on a year-over-year basis.
In related news, insider David A. Pepper sold 21,207 shares of Choice Hotels International stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $150.22, for a total value of $3,185,715.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott E. Oaksmith sold 741 shares of Choice Hotels International stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $136.63, for a total value of $101,242.83. The disclosure for this sale can be found here. Company insiders own 21.15% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Choice Hotels International by 2.2% during the fourth quarter. BlackRock Inc. now owns 2,813,657 shares of the company’s stock valued at $438,901,000 after buying an additional 60,462 shares during the period. Invesco Ltd. boosted its position in shares of Choice Hotels International by 29.6% during the fourth quarter. Invesco Ltd. now owns 1,147,774 shares of the company’s stock valued at $179,041,000 after buying an additional 262,180 shares during the period. State Street Corp boosted its position in shares of Choice Hotels International by 1.7% during the fourth quarter. State Street Corp now owns 845,446 shares of the company’s stock valued at $131,881,000 after buying an additional 13,753 shares during the period. Morgan Stanley boosted its position in shares of Choice Hotels International by 1,016.8% during the second quarter. Morgan Stanley now owns 744,549 shares of the company’s stock valued at $88,498,000 after buying an additional 677,882 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Choice Hotels International by 0.3% during the third quarter. Principal Financial Group Inc. now owns 662,672 shares of the company’s stock valued at $83,741,000 after buying an additional 1,747 shares during the period. Institutional investors own 63.78% of the company’s stock.
Choice Hotels International stock traded down $0.24 during trading on Monday, reaching $141.83. The company had a trading volume of 4,623 shares, compared to its average volume of 299,136. Choice Hotels International has a 52 week low of $108.00 and a 52 week high of $157.46. The firm’s 50-day simple moving average is $141.31 and its 200 day simple moving average is $143.44. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.41. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.17.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 1st were given a dividend of $0.2375 per share. The ex-dividend date was Thursday, March 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 0.67%. Choice Hotels International’s payout ratio is 18.45%.
About Choice Hotels International (Get Rating)
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It 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, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.
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