Brokerages forecast that Choice Hotels International Inc (NYSE:CHH) will announce sales of $303.27 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Choice Hotels International’s earnings. The highest sales estimate is $308.00 million and the lowest is $297.20 million. Choice Hotels International posted sales of $295.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, August 6th.
On average, analysts expect that Choice Hotels International will report full year sales of $1.09 billion for the current year, with estimates ranging from $1.06 billion to $1.10 billion. For the next year, analysts forecast that the company will post sales of $1.14 billion, with estimates ranging from $1.10 billion to $1.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Choice Hotels International.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Choice Hotels International had a net margin of 21.08% and a negative return on equity of 124.30%. The business had revenue of $218.30 million for the quarter, compared to analyst estimates of $221.84 million. During the same period last year, the firm earned $0.67 earnings per share. Choice Hotels International’s revenue for the quarter was up 4.3% compared to the same quarter last year.
CHH has been the topic of a number of recent research reports. Zacks Investment Research raised shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Bank of America reaffirmed an “underperform” rating and set a $86.00 price target on shares of PTC in a research report on Wednesday, June 12th. Finally, Barclays reaffirmed a “sell” rating on shares of RenaissanceRe in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $82.51.
In other news, Director William L. Jews sold 8,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $84.11, for a total value of $735,962.50. Following the sale, the director now directly owns 25,952 shares in the company, valued at approximately $2,182,822.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Bonds sold 5,102 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $82.01, for a total transaction of $418,415.02. Following the completion of the sale, the insider now owns 84,158 shares in the company, valued at $6,901,797.58. The disclosure for this sale can be found here. Insiders have sold 38,625 shares of company stock worth $3,227,134 over the last quarter. Corporate insiders own 24.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of Choice Hotels International by 85.7% in the 4th quarter. Captrust Financial Advisors now owns 531 shares of the company’s stock valued at $38,000 after purchasing an additional 245 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in Choice Hotels International during the 1st quarter worth approximately $76,000. Bremer Bank National Association acquired a new stake in Choice Hotels International during the 1st quarter worth approximately $107,000. ETF Managers Group LLC boosted its position in Choice Hotels International by 10.3% during the 1st quarter. ETF Managers Group LLC now owns 1,795 shares of the company’s stock worth $140,000 after buying an additional 167 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in Choice Hotels International by 13.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,559 shares of the company’s stock worth $199,000 after buying an additional 303 shares during the period. Institutional investors own 60.22% of the company’s stock.
NYSE:CHH traded up $0.22 during mid-day trading on Friday, reaching $88.84. 290,641 shares of the company’s stock were exchanged, compared to its average volume of 290,241. Choice Hotels International has a one year low of $66.71 and a one year high of $89.46. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.14 and a beta of 1.02. The business’s fifty day moving average is $85.52.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.215 per share. The ex-dividend date is Monday, July 1st. This represents a $0.86 dividend on an annualized basis and a yield of 0.97%. Choice Hotels International’s payout ratio is 22.11%.
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 Corporate & Other segments. The company 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, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.
See Also: Cash Flow
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.