Choice Hotels International Inc (NYSE:CHH) – Equities researchers at Jefferies Financial Group boosted their Q3 2019 earnings estimates for shares of Choice Hotels International in a research report issued on Thursday, October 17th. Jefferies Financial Group analyst D. Katz now forecasts that the company will earn $1.34 per share for the quarter, up from their prior estimate of $1.33. Jefferies Financial Group also issued estimates for Choice Hotels International’s FY2019 earnings at $4.30 EPS, Q1 2020 earnings at $0.70 EPS, Q3 2020 earnings at $1.22 EPS, Q4 2020 earnings at $0.80 EPS, Q1 2021 earnings at $0.71 EPS, Q2 2021 earnings at $1.09 EPS and Q3 2021 earnings at $1.25 EPS.
Other research analysts have also recently issued research reports about the company. Robert W. Baird started coverage on Choice Hotels International in a research note on Thursday, August 22nd. They issued an “outperform” rating and a $97.00 price target on the stock. Wells Fargo & Co cut their price target on Choice Hotels International from $90.00 to $88.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on Choice Hotels International from $73.00 to $81.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. ValuEngine cut Choice Hotels International from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank restated a “hold” rating and set a $83.00 price objective on shares of Choice Hotels International in a research note on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $87.00.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Choice Hotels International had a negative return on equity of 141.56% and a net margin of 20.13%. The business had revenue of $317.68 million for the quarter, compared to analysts’ expectations of $304.70 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year.
The company also recently disclosed a — dividend, which was paid on Thursday, October 17th. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.215 per share. This represents a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s payout ratio is currently 22.11%.
In other news, insider Patrick Cimerola sold 14,669 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $88.13, for a total transaction of $1,292,778.97. Following the completion of the transaction, the insider now directly owns 31,908 shares of the company’s stock, valued at $2,812,052.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Mcdowell sold 11,585 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $88.37, for a total value of $1,023,766.45. The disclosure for this sale can be found here. Corporate insiders own 24.90% of the company’s stock.
Several large investors have recently bought and sold shares of CHH. Invesco Ltd. grew its holdings in shares of Choice Hotels International by 1,668.1% during the second quarter. Invesco Ltd. now owns 587,733 shares of the company’s stock valued at $51,138,000 after purchasing an additional 554,493 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Choice Hotels International during the second quarter valued at approximately $16,723,000. Morgan Stanley grew its holdings in shares of Choice Hotels International by 204.3% during the second quarter. Morgan Stanley now owns 221,643 shares of the company’s stock valued at $19,286,000 after purchasing an additional 148,804 shares during the last quarter. Eaton Vance Management grew its holdings in shares of Choice Hotels International by 174.2% during the second quarter. Eaton Vance Management now owns 201,790 shares of the company’s stock valued at $17,556,000 after purchasing an additional 128,188 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Choice Hotels International by 27.8% during the second quarter. Schroder Investment Management Group now owns 437,234 shares of the company’s stock valued at $38,044,000 after purchasing an additional 95,101 shares during the last quarter. 59.41% of the stock is owned by institutional investors.
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.
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