Choice Hotels International (NYSE:CHH) Announces Quarterly Earnings Results

Choice Hotels International (NYSE:CHH) posted its earnings results on Wednesday. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.13, Briefing.com reports. The firm had revenue of $331.90 million during the quarter, compared to analysts’ expectations of $343.04 million. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. Choice Hotels International updated its FY 2024 guidance to 6.300-6.600 EPS and its FY24 guidance to $6.30-$6.60 EPS.

Choice Hotels International Trading Up 0.2 %

Choice Hotels International stock traded up $0.25 during trading hours on Thursday, reaching $115.95. 794,472 shares of the company’s stock were exchanged, compared to its average volume of 587,537. The firm’s 50 day simple moving average is $121.71 and its 200 day simple moving average is $117.22. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $136.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02. The firm has a market capitalization of $5.76 billion, a PE ratio of 22.99, a PEG ratio of 1.96 and a beta of 1.21.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.99%. Choice Hotels International’s payout ratio is 22.73%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a research note on Thursday. Barclays cut their price objective on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a report on Friday, April 19th. Robert W. Baird lowered their target price on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Jefferies Financial Group upgraded 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 research report on Monday, March 11th. Finally, Truist Financial boosted their price target on Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $129.70.

About Choice Hotels International

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.