Choice Hotels International Inc (CHH) Expected to Announce Quarterly Sales of $262.96 Million

Analysts expect Choice Hotels International Inc (NYSE:CHH) to announce $262.96 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Choice Hotels International’s earnings. The lowest sales estimate is $256.00 million and the highest is $270.91 million. Choice Hotels International posted sales of $237.57 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 19th.

On average, analysts expect that Choice Hotels International will report full-year sales of $1.06 billion for the current financial year, with estimates ranging from $1.05 billion to $1.07 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.13 billion, with estimates ranging from $1.11 billion to $1.15 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Choice Hotels International.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, November 8th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $321.69 million. Choice Hotels International had a net margin of 17.26% and a negative return on equity of 98.61%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share.

Several equities analysts recently weighed in on CHH shares. ValuEngine upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. TheStreet upgraded shares of Choice Hotels International from a “c+” rating to a “b-” rating in a research report on Friday, September 28th. Zacks Investment Research lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. JPMorgan Chase & Co. reduced their price target on shares of Choice Hotels International to $71.00 and set an “underweight” rating for the company in a research report on Friday, November 9th. Finally, Jefferies Financial Group set a $83.00 price target on shares of Choice Hotels International and gave the company a “hold” rating in a research report on Friday, November 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.89.

Shares of CHH stock traded up $0.48 on Friday, hitting $74.74. The stock had a trading volume of 264,721 shares, compared to its average volume of 293,353. The company has a market cap of $4.14 billion, a P/E ratio of 25.95, a P/E/G ratio of 2.07 and a beta of 1.05. Choice Hotels International has a 12-month low of $66.71 and a 12-month high of $85.35.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.86 dividend on an annualized basis and a yield of 1.15%. Choice Hotels International’s dividend payout ratio is presently 29.86%.

A number of large investors have recently modified their holdings of the business. Legal & General Group Plc boosted its position in Choice Hotels International by 2.3% during the third quarter. Legal & General Group Plc now owns 16,523 shares of the company’s stock worth $1,376,000 after purchasing an additional 366 shares during the period. Sapphire Star Partners LP boosted its position in Choice Hotels International by 5.0% during the third quarter. Sapphire Star Partners LP now owns 13,813 shares of the company’s stock worth $1,151,000 after purchasing an additional 656 shares during the period. Bank of Montreal Can boosted its position in Choice Hotels International by 18.3% during the third quarter. Bank of Montreal Can now owns 5,173 shares of the company’s stock worth $431,000 after purchasing an additional 800 shares during the period. Yorktown Management & Research Co Inc boosted its position in Choice Hotels International by 9.7% during the third quarter. Yorktown Management & Research Co Inc now owns 9,586 shares of the company’s stock worth $799,000 after purchasing an additional 849 shares during the period. Finally, Schroder Investment Management Group boosted its position in Choice Hotels International by 6.9% during the second quarter. Schroder Investment Management Group now owns 13,774 shares of the company’s stock worth $1,034,000 after purchasing an additional 885 shares during the period. Hedge funds and other institutional investors own 56.27% of the company’s stock.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

Recommended Story: Understanding Analyst Recommendations

Get a free copy of the Zacks research report on Choice Hotels International (CHH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply