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

Choice Hotels International (NYSE:CHH) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 6.700-6.870 for the period, compared to the consensus estimate of 6.490. The company issued revenue guidance of -. Choice Hotels International also updated its FY24 guidance to $6.70-6.87 EPS.

Choice Hotels International Stock Performance

NYSE:CHH traded up $5.25 during mid-day trading on Monday, reaching $144.01. The stock had a trading volume of 239,828 shares, compared to its average volume of 479,195. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $149.75. The business has a 50 day simple moving average of $130.88 and a 200 day simple moving average of $123.78. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.28 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The business had revenue of $435.20 million during the quarter, compared to analysts’ expectations of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. On average, analysts expect that Choice Hotels International will post 6.35 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were issued a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. Choice Hotels International’s dividend payout ratio is presently 23.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price for the company. in a report on Friday, July 19th. Robert W. Baird set a $138.00 price objective on Choice Hotels International in a report on Thursday, October 17th. Barclays decreased their target price on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Truist Financial decreased their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $125.50.

Insider Activity at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the sale, the insider now owns 18,084 shares in the company, valued at $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,429 shares of company stock valued at $4,866,493 over the last quarter. Insiders own 24.02% of the company’s stock.

Choice Hotels International Company Profile

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.