Choice Hotels International, Inc. (NYSE:CHH) to Post Q4 2023 Earnings of $1.23 Per Share, Zacks Research Forecasts

Choice Hotels International, Inc. (NYSE:CHH – Get Rating) – Stock analysts at Zacks Research boosted their Q4 2023 EPS estimates for Choice Hotels International in a research note issued on Tuesday, February 28th. Zacks Research analyst H. Ray now anticipates that the company will post earnings per share of $1.23 for the quarter, up from their previous forecast of $1.01. The consensus estimate for Choice Hotels International’s current full-year earnings is $5.89 per share. Zacks Research also issued estimates for Choice Hotels International’s Q2 2024 earnings at $1.72 EPS, Q4 2024 earnings at $1.33 EPS and FY2024 earnings at $5.78 EPS.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial reduced their price objective on shares of Choice Hotels International from $135.00 to $120.00 and set a “hold” rating on the stock in a research report on Monday, December 5th. Morgan Stanley boosted their price target on shares of Choice Hotels International from $129.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Redburn Partners assumed coverage on shares of Choice Hotels International in a research report on Wednesday, November 30th. They issued a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Choice Hotels International from $117.00 to $112.00 in a research report on Tuesday, November 8th. Finally, Barclays boosted their price target on shares of Choice Hotels International from $107.00 to $120.00 in a research report on Thursday, February 16th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, Choice Hotels International presently has an average rating of “Hold” and a consensus price target of $122.00.

Choice Hotels International Trading Up 0.6 %

Choice Hotels International stock opened at $124.47 on Friday. The stock has a market cap of $6.63 billion, a P/E ratio of 20.81, a PEG ratio of 1.39 and a beta of 1.27. The company has a debt-to-equity ratio of 7.76, a current ratio of 0.80 and a quick ratio of 1.08. Choice Hotels International has a 1 year low of $104.15 and a 1 year high of $150.41. The firm’s 50 day moving average price is $120.22 and its 200-day moving average price is $118.69.

Choice Hotels International (NYSE:CHH – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.18. The firm had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $356.74 million. Choice Hotels International had a net margin of 23.69% and a return on equity of 99.85%. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share.

Institutional Trading of Choice Hotels International

A number of large investors have recently made changes to their positions in CHH. Macquarie Group Ltd. raised its holdings in shares of Choice Hotels International by 6.3% in the fourth quarter. Macquarie Group Ltd. now owns 489,624 shares of the company’s stock valued at $55,151,000 after acquiring an additional 29,150 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Choice Hotels International by 197.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 892 shares of the company’s stock valued at $100,000 after acquiring an additional 592 shares in the last quarter. Truist Financial Corp bought a new stake in shares of Choice Hotels International in the fourth quarter valued at about $378,000. Alliancebernstein L.P. raised its holdings in shares of Choice Hotels International by 2.3% in the fourth quarter. Alliancebernstein L.P. now owns 373,222 shares of the company’s stock valued at $42,040,000 after acquiring an additional 8,478 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Choice Hotels International by 3.2% in the fourth quarter. Captrust Financial Advisors now owns 8,049 shares of the company’s stock valued at $907,000 after acquiring an additional 252 shares in the last quarter. 58.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Choice Hotels International news, SVP Simone Wu sold 6,342 shares of Choice Hotels International stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $125.71, for a total transaction of $797,252.82. Following the completion of the transaction, the senior vice president now directly owns 39,147 shares of the company’s stock, valued at $4,921,169.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Simone Wu sold 6,342 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $125.71, for a total transaction of $797,252.82. Following the completion of the sale, the senior vice president now directly owns 39,147 shares of the company’s stock, valued at $4,921,169.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick Pacious sold 65,263 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $120.06, for a total transaction of $7,835,475.78. Following the sale, the chief executive officer now directly owns 364,763 shares of the company’s stock, valued at $43,793,445.78. The disclosure for this sale can be found here. Insiders sold 85,879 shares of company stock valued at $10,385,028 over the last three months. 20.84% of the stock is owned by company insiders.

Choice Hotels International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Monday, April 3rd will be paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a yield of 0.92%. This is a positive change from Choice Hotels International’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, March 31st. Choice Hotels International’s payout ratio is presently 15.89%.

Choice Hotels International Company Profile

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Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office buildings owned by the company.