Choice Hotels International (NYSE:CHH - Get Free Report) is set to announce its earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce 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.Individual interested in registering for the company's earnings conference call can do so using this link.
Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.09. The company had revenue of $358.40 million during the quarter, compared to the consensus estimate of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The company's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. 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 Price Performance
Shares of NYSE CHH traded up $0.86 during mid-day trading on Wednesday, reaching $119.12. The company had a trading volume of 606,694 shares, compared to its average volume of 572,975. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $136.02. The stock has a market cap of $5.92 billion, a PE ratio of 23.51, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. The company has a 50-day moving average price of $120.89 and a two-hundred day moving average price of $117.09.
Choice Hotels International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.97%. Choice Hotels International's dividend payout ratio is currently 22.73%.
Wall Street Analyst Weigh In
CHH has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Choice Hotels International from $140.00 to $137.00 and set an "outperform" rating for the company in a research note on Wednesday, April 24th. Jefferies Financial Group raised shares of Choice Hotels International from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $96.00 to $156.00 in a research note on Monday, March 11th. Truist Financial lifted their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the stock a "hold" rating in a research report on Thursday, March 14th. Barclays decreased their target price 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. Finally, StockNews.com downgraded Choice Hotels International from a "hold" rating to a "sell" rating in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $130.80.
Read Our Latest Report on CHH
About Choice Hotels International
(
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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.
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