Choice Hotels International (NYSE:CHH) Announces Earnings Results, Beats Estimates By $0.13 EPS

Choice Hotels International (NYSE:CHH - Get Free Report) posted its earnings results on Wednesday. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.13, Briefing.com reports. The company had revenue of $331.90 million for the quarter, compared to analyst estimates of $343.04 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. Choice Hotels International's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company 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 %

Shares of NYSE CHH traded up $0.25 during trading on Thursday, hitting $115.95. 794,472 shares of the company traded hands, compared to its average volume of 587,537. 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 P/E ratio of 22.92, a P/E/G ratio of 1.96 and a beta of 1.21. The company has a 50-day moving average price of $121.79 and a 200-day moving average price of $117.21. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $136.02.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Monday, April 1st. Choice Hotels International's dividend payout ratio is currently 22.73%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CHH shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Choice Hotels International from $128.00 to $112.00 and set a "hold" rating for the company in a research report on Thursday. StockNews.com lowered Choice Hotels International from a "hold" rating to a "sell" rating in a research note on Wednesday, February 21st. Robert W. Baird dropped their price target on Choice Hotels International from $140.00 to $137.00 and set an "outperform" rating for the company in a research report on Wednesday, April 24th. Truist Financial upped their price objective on Choice Hotels International from $142.00 to $146.00 and gave the company a "hold" rating in a research report on Thursday, March 14th. Finally, Barclays dropped their price objective on Choice Hotels International from $122.00 to $114.00 and set an "underweight" rating for the company in a research report on Friday, April 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.