Zacks Research Has Positive Estimate for CHH FY2024 Earnings

Choice Hotels International, Inc. (NYSE:CHH) – Stock analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of Choice Hotels International in a research note issued to investors on Monday, November 25th. Zacks Research analyst H. Ray now expects that the company will post earnings per share of $6.86 for the year, up from their prior estimate of $6.42. The consensus estimate for Choice Hotels International’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Choice Hotels International’s Q4 2024 earnings at $1.51 EPS, Q1 2025 earnings at $1.39 EPS, Q3 2025 earnings at $2.10 EPS, FY2025 earnings at $6.98 EPS, Q2 2026 earnings at $2.23 EPS, Q3 2026 earnings at $2.39 EPS and FY2026 earnings at $7.92 EPS.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the business posted $1.82 earnings per share. Choice Hotels International’s revenue was up .6% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on CHH. Robert W. Baird boosted their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group boosted their price target on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Barclays raised their price objective on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. Jefferies Financial Group cut Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Wednesday, November 6th. Finally, Truist Financial lowered their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $130.00.

Choice Hotels International Stock Performance

CHH stock opened at $150.61 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $153.81. The business’s fifty day moving average is $138.42 and its 200-day moving average is $127.27. The company has a market cap of $7.06 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Choice Hotels International by 77.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock valued at $488,590,000 after purchasing an additional 1,788,563 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Choice Hotels International in the third quarter valued at approximately $19,545,000. Natixis Advisors LLC boosted its stake in shares of Choice Hotels International by 917.2% during the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock worth $19,254,000 after acquiring an additional 145,893 shares during the period. Raymond James & Associates increased its holdings in shares of Choice Hotels International by 45.4% during the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock worth $47,557,000 after acquiring an additional 113,951 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Choice Hotels International by 51.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock valued at $31,767,000 after acquiring an additional 90,765 shares during the period. Institutional investors own 65.57% of the company’s stock.

Insider Activity at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now directly owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. The trade was a 8.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,437 shares of company stock valued at $9,788,980. 24.02% of the stock is owned by insiders.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.76%. Choice Hotels International’s payout ratio is presently 22.03%.

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.