Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection. The company also develops and markets cloud-based property management software to non-franchised hoteliers. As of March 31, 2022, it had approximately 7,000 hotels with approximately 600,000 rooms in 35 countries and territories. Choice Hotels International, Inc. was founded in 1939 and is headquartered in Rockville, Maryland.
Choice Hotels International Price Performance
Shares of CHH traded up $1.16 during trading hours on Thursday, reaching $122.38. 6,931 shares of the stock traded hands, compared to its average volume of 366,310. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.03. Choice Hotels International has a 52-week low of $108.70 and a 52-week high of $157.46. The company's 50-day moving average price is $116.09 and its two-hundred day moving average price is $130.33. The company has a market cap of $6.83 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.84 and a beta of 1.32.
Choice Hotels International (NYSE:CHH - Get Rating) last released its earnings results on Thursday, August 4th. The company reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by ($0.04). Choice Hotels International had a net margin of 28.72% and a return on equity of 92.23%. The firm had revenue of $367.80 million for the quarter, compared to analysts' expectations of $322.24 million. During the same quarter last year, the firm posted $1.22 EPS. The firm's quarterly revenue was up 32.1% compared to the same quarter last year. On average, analysts anticipate that Choice Hotels International will post 5.13 earnings per share for the current year.
Choice Hotels International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Friday, July 1st were issued a $0.2375 dividend. The ex-dividend date was Thursday, June 30th. This represents a $0.95 dividend on an annualized basis and a yield of 0.78%. Choice Hotels International's dividend payout ratio is currently 15.06%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CHH. JPMorgan Chase & Co. dropped their target price on shares of Choice Hotels International from $126.00 to $110.00 and set an "underweight" rating on the stock in a report on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Choice Hotels International from $131.00 to $128.00 in a report on Wednesday, May 11th. Barclays raised their target price on shares of Choice Hotels International from $107.00 to $108.00 and gave the stock an "underweight" rating in a report on Friday, August 5th. Robert W. Baird dropped their price target on shares of Choice Hotels International from $138.00 to $133.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 14th. Finally, StockNews.com cut shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Monday, May 23rd. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, Choice Hotels International has an average rating of "Hold" and an average price target of $129.30.