Choice Hotels International (NYSE:CHH) Updates FY24 Earnings Guidance

Choice Hotels International (NYSE:CHH) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $6.40-6.65 for the period, compared to the consensus EPS estimate of $6.50. Choice Hotels International also updated its FY 2024 guidance to 6.400-6.650 EPS.

Choice Hotels International Trading Down 0.0 %

Choice Hotels International stock traded down $0.02 during mid-day trading on Friday, hitting $121.28. The company’s stock had a trading volume of 633,370 shares, compared to its average volume of 548,847. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.13 and a beta of 1.23. The business has a 50 day moving average price of $121.12 and a 200-day moving average price of $120.25. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $136.02.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.03). Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The firm had revenue of $435.20 million for the quarter, compared to the consensus estimate of $438.29 million. During the same period last year, the company posted $1.75 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. As a group, analysts forecast that Choice Hotels International will post 6.46 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Monday, July 1st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 24.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CHH shares. Susquehanna began coverage on shares of Choice Hotels International in a research note on Friday, June 21st. They set a neutral rating and a $125.00 price target on the stock. Robert W. Baird dropped their price target on shares of Choice Hotels International from $140.00 to $137.00 and set an outperform rating on the stock in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price target 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, May 9th. JPMorgan Chase & Co. cut shares of Choice Hotels International from a neutral rating to an underweight rating and set a $120.00 price target on the stock. in a research note on Friday, July 19th. Finally, Barclays dropped their price target on shares of Choice Hotels International from $114.00 to $112.00 and set an underweight rating on the stock in a research note on Friday. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Choice Hotels International currently has a consensus rating of Hold and a consensus price target of $130.45.

Insider Transactions at Choice Hotels International

In related news, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the transaction, the insider now directly owns 23,461 shares in the company, valued at approximately $2,934,501.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the transaction, the executive vice president now directly owns 69,171 shares in the company, valued at approximately $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the transaction, the insider now owns 23,461 shares in the company, valued at $2,934,501.88. The disclosure for this sale can be found here. Insiders have sold a total of 27,619 shares of company stock worth $3,436,998 in the last three months. Insiders own 24.02% of the company’s stock.

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.