Choice Hotels International (CHH) to Announce Earnings on Wednesday

Choice Hotels International (NYSE:CHH) is set to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Choice Hotels International to post earnings of $1.16 per share for the quarter. Choice Hotels International has set its FY 2024 guidance at 6.300-6.600 EPS and its FY24 guidance at $6.30 to $6.60 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The firm had revenue of $358.40 million during the quarter, compared to analysts’ expectations of $369.44 million. During the same quarter in the previous year, the business posted $1.26 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts expect Choice Hotels International to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Choice Hotels International Trading Up 0.6 %

CHH opened at $120.70 on Monday. The business has a fifty day moving average price of $121.27 and a 200 day moving average price of $117.10. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $136.02. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.96 and a beta of 1.21.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, April 1st. Choice Hotels International’s dividend payout ratio is presently 22.73%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. StockNews.com cut shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Jefferies Financial Group raised Choice Hotels International from an “underperform” rating to a “buy” rating and increased their target price for the company from $96.00 to $156.00 in a report on Monday, March 11th. Barclays cut their price target on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, April 19th. Finally, Truist Financial upped their price objective on Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Choice Hotels International has an average rating of “Hold” and a consensus price target of $130.80.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.