$0.60 EPS Expected for Choice Hotels (CHH) This Quarter

Analysts expect that Choice Hotels (NYSE:CHH) will report earnings per share (EPS) of $0.60 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Choice Hotels’ earnings, with estimates ranging from $0.59 to $0.61. Choice Hotels reported earnings per share of $0.51 in the same quarter last year, which would suggest a positive year over year growth rate of 17.6%. The business is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Choice Hotels will report full year earnings of $3.64 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.68. For the next fiscal year, analysts anticipate that the business will report earnings of $4.03 per share, with EPS estimates ranging from $3.76 to $4.26. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Choice Hotels.

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Choice Hotels (NYSE:CHH) last released its earnings results on Tuesday, February 20th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. Choice Hotels had a net margin of 11.40% and a negative return on equity of 68.40%. The business had revenue of $237.57 million for the quarter, compared to analysts’ expectations of $227.65 million. During the same period last year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. SunTrust Banks raised their target price on shares of Choice Hotels to $82.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st. UBS raised shares of Choice Hotels from a “sell” rating to a “neutral” rating in a research report on Monday, February 26th. Barclays raised their target price on shares of Choice Hotels from $67.00 to $75.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 21st. Wells Fargo reissued a “market perform” rating and issued a $88.00 target price (up from $86.00) on shares of Choice Hotels in a research report on Wednesday, February 21st. Finally, TheStreet cut shares of Choice Hotels from a “b” rating to a “c+” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.13.

Choice Hotels stock traded down $0.60 on Tuesday, hitting $84.00. 262,147 shares of the company traded hands, compared to its average volume of 289,598. The company has a debt-to-equity ratio of -3.42, a current ratio of 1.37 and a quick ratio of 1.37. Choice Hotels has a twelve month low of $59.60 and a twelve month high of $85.35. The firm has a market capitalization of $4,781.53, a PE ratio of 41.38, a PEG ratio of 2.37 and a beta of 1.15.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Monday, April 2nd will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.02%. Choice Hotels’s dividend payout ratio (DPR) is 42.36%.

In other Choice Hotels news, SVP John Bonds sold 14,820 shares of Choice Hotels stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $83.50, for a total transaction of $1,237,470.00. Following the transaction, the senior vice president now directly owns 14,272 shares of the company’s stock, valued at $1,191,712. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Simone Wu sold 10,203 shares of Choice Hotels stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.88, for a total transaction of $804,812.64. Following the transaction, the senior vice president now directly owns 30,298 shares in the company, valued at $2,389,906.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,995 shares of company stock worth $4,992,967. 22.01% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in shares of Choice Hotels by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock valued at $106,000 after purchasing an additional 106 shares during the period. Aperio Group LLC raised its stake in shares of Choice Hotels by 10.2% during the third quarter. Aperio Group LLC now owns 8,476 shares of the company’s stock valued at $542,000 after purchasing an additional 785 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Choice Hotels during the third quarter valued at approximately $192,000. Chicago Equity Partners LLC raised its stake in shares of Choice Hotels by 31.4% during the third quarter. Chicago Equity Partners LLC now owns 29,280 shares of the company’s stock valued at $1,871,000 after purchasing an additional 6,990 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Choice Hotels by 269.6% during the third quarter. American Century Companies Inc. now owns 32,668 shares of the company’s stock valued at $2,087,000 after purchasing an additional 23,830 shares during the period. 51.51% of the stock is currently owned by hedge funds and other institutional investors.

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About Choice Hotels

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 and Estimates for Choice Hotels (NYSE:CHH)

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