Choice Hotels International (CHH) Announces Earnings Results

Choice Hotels International (NYSE:CHH) announced its quarterly earnings data on Thursday. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.08, MarketWatch Earnings reports. Choice Hotels International had a negative return on equity of 87.57% and a net margin of 14.08%. The firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $321.69 million. During the same period last year, the company posted $0.95 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Choice Hotels International updated its Q4 guidance to $0.78-0.85 EPS and its FY 2018 guidance to $3.79-3.86 EPS.

Shares of Choice Hotels International stock opened at $78.10 on Friday. The stock has a market cap of $4.37 billion, a PE ratio of 27.12, a PEG ratio of 2.42 and a beta of 1.06. Choice Hotels International has a 52-week low of $69.06 and a 52-week high of $85.35.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 17th. Stockholders of record on Tuesday, October 2nd were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Monday, October 1st. This represents a $0.86 annualized dividend and a dividend yield of 1.10%. Choice Hotels International’s dividend payout ratio is 29.86%.

A number of equities research analysts have commented on CHH shares. ValuEngine upgraded Choice Hotels International from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. Zacks Investment Research lowered Choice Hotels International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b-” rating in a research report on Friday, September 28th. Wells Fargo & Co restated a “hold” rating on shares of Choice Hotels International in a research report on Thursday, August 9th. Finally, Longbow Research started coverage on Choice Hotels International in a research report on Friday, September 7th. They set a “buy” rating and a $95.00 price objective for the company. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $82.89.

In other news, CEO Patrick Pacious sold 35,350 shares of Choice Hotels International stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $82.33, for a total transaction of $2,910,365.50. Following the completion of the sale, the chief executive officer now directly owns 139,498 shares in the company, valued at approximately $11,484,870.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Patrick Cimerola sold 5,180 shares of Choice Hotels International stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $83.05, for a total value of $430,199.00. Following the sale, the insider now owns 26,009 shares of the company’s stock, valued at $2,160,047.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,323 shares of company stock valued at $4,553,317. 22.01% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Fort L.P. acquired a new stake in shares of Choice Hotels International during the 2nd quarter valued at about $116,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Choice Hotels International by 340.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,594 shares of the company’s stock valued at $121,000 after buying an additional 1,232 shares during the last quarter. McAdam LLC lifted its holdings in shares of Choice Hotels International by 1,302.5% during the 3rd quarter. McAdam LLC now owns 2,819 shares of the company’s stock valued at $230,000 after buying an additional 2,618 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Choice Hotels International in the 2nd quarter worth approximately $274,000. Finally, State of Alaska Department of Revenue lifted its holdings in Choice Hotels International by 32.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,060 shares of the company’s stock worth $306,000 after purchasing an additional 990 shares during the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

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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.

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Earnings History for Choice Hotels International (NYSE:CHH)

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