Wall Street analysts forecast that Choice Hotels International, Inc. (NYSE:CHH – Get Rating) will report sales of $258.24 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Choice Hotels International’s earnings. The lowest sales estimate is $246.50 million and the highest is $278.97 million. Choice Hotels International posted sales of $182.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 41.2%. The firm is scheduled to announce its next earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Choice Hotels International will report full-year sales of $1.21 billion for the current fiscal year, with estimates ranging from $1.19 billion to $1.22 billion. For the next financial year, analysts expect that the company will report sales of $1.29 billion, with estimates ranging from $1.26 billion to $1.32 billion. Zacks Investment Research’s sales calculations 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 issued its quarterly earnings data on Tuesday, May 10th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.14. Choice Hotels International had a return on equity of 160.24% and a net margin of 27.02%. The company had revenue of $257.73 million during the quarter, compared to analysts’ expectations of $253.04 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s revenue was up 40.9% on a year-over-year basis.
In related news, insider David A. Pepper sold 300 shares of the business’s stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $150.07, for a total value of $45,021.00. Following the sale, the insider now owns 30,312 shares of the company’s stock, valued at $4,548,921.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David A. Pepper sold 21,207 shares of the business’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $150.22, for a total transaction of $3,185,715.54. The disclosure for this sale can be found here. Insiders have sold 22,248 shares of company stock valued at $3,331,979 over the last quarter. Company insiders own 21.15% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Trek Financial LLC bought a new stake in Choice Hotels International during the first quarter valued at $707,000. TD Asset Management Inc. bought a new stake in Choice Hotels International during the first quarter valued at $8,947,000. AGF Investments LLC acquired a new position in shares of Choice Hotels International during the first quarter valued at about $267,000. Van ECK Associates Corp raised its holdings in shares of Choice Hotels International by 16.0% during the first quarter. Van ECK Associates Corp now owns 1,272 shares of the company’s stock valued at $180,000 after purchasing an additional 175 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Choice Hotels International during the first quarter valued at about $38,000. 57.64% of the stock is currently owned by institutional investors and hedge funds.
NYSE CHH opened at $130.70 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.17. Choice Hotels International has a 1-year low of $110.94 and a 1-year high of $157.46. The company has a 50 day moving average of $139.22 and a 200-day moving average of $143.99. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 2.31 and a beta of 1.32.
The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 1st were issued a dividend of $0.2375 per share. The ex-dividend date of this dividend was Thursday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 0.73%. Choice Hotels International’s dividend payout ratio (DPR) is presently 18.45%.
Choice Hotels International Company Profile (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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