Choice Hotels International (NYSE:CHH) Releases FY 2024 Earnings Guidance

Choice Hotels International (NYSE:CHH) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.300-6.600 for the period, compared to the consensus EPS estimate of 6.380. The company issued revenue guidance of -. Choice Hotels International also updated its FY24 guidance to $6.30-$6.60 EPS.

Analyst Ratings Changes

Several equities analysts have commented on CHH shares. Jefferies Financial Group raised Choice Hotels International from an underperform rating to a buy rating and upped their price target for the company from $96.00 to $156.00 in a report on Monday, March 11th. Truist Financial raised their target price on 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 lowered their price target on shares of Choice Hotels International from $122.00 to $114.00 and set an underweight rating on the stock in a report on Friday, April 19th. Robert W. Baird decreased their target price on shares of Choice Hotels International from $140.00 to $137.00 and set an outperform rating on the stock in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Choice Hotels International from $128.00 to $112.00 and set a hold rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Choice Hotels International currently has an average rating of Hold and an average price target of $129.70.

Choice Hotels International Trading Up 1.0 %

Shares of CHH stock traded up $1.14 during trading hours on Friday, reaching $117.16. The company had a trading volume of 531,979 shares, compared to its average volume of 633,235. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $136.02. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.31. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 1.90 and a beta of 1.21. The company has a 50 day moving average of $121.94 and a 200 day moving average of $117.23.

Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.13. The firm 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 748.46% and a net margin of 15.34%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share. On average, equities research analysts anticipate that Choice Hotels International will post 6.41 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 2nd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Monday, April 1st. Choice Hotels International’s payout ratio is presently 24.68%.

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.