Choice Hotels International (CHH) to Release Earnings on Wednesday

Choice Hotels International (NYSE:CHH) is scheduled to announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Choice Hotels International has set its FY 2024 guidance at 6.300-6.600 EPS and its FY24 guidance at $6.30 to $6.60 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Choice Hotels International (NYSE:CHH) last released its earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The firm had revenue of $358.40 million during the quarter, compared to analyst estimates of $369.44 million. During the same period last year, the business earned $1.26 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. On average, analysts expect Choice Hotels International to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Choice Hotels International Price Performance

CHH stock opened at $118.33 on Wednesday. The firm has a 50 day moving average price of $120.81 and a 200-day moving average price of $117.12. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $136.02. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.93 and a beta of 1.21. The company has a debt-to-equity ratio of 30.02, a quick ratio of 0.31 and a current ratio of 0.31.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.97%. Choice Hotels International’s payout ratio is 22.73%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Jefferies Financial Group upgraded shares of Choice Hotels International from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $96.00 to $156.00 in a report on Monday, March 11th. Barclays decreased their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, April 19th. Robert W. Baird decreased their price objective on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, Truist Financial boosted their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Choice Hotels International has an average rating of “Hold” and an average target price of $130.80.

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.