Choice Hotels International (CHH) Set to Announce 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.Individual interested in registering for the company’s earnings conference call can do so using this link.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $358.40 million during the quarter, compared to the consensus estimate of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. During the same period last year, the firm earned $1.26 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. 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 Trading Up 0.6 %

Shares of NYSE CHH opened at $120.70 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02. The stock’s 50 day moving average price is $121.27 and its two-hundred day moving average price is $117.10. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $136.02. The stock has a market capitalization of $5.99 billion, a P/E ratio of 23.85, a PEG ratio of 1.96 and a beta of 1.21.

Choice Hotels International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were issued a $0.2875 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.95%. Choice Hotels International’s dividend payout ratio (DPR) is 22.73%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHH. Barclays reduced their price objective on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, April 19th. Truist Financial raised their price target on shares of Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Jefferies Financial Group raised shares of Choice Hotels International from an “underperform” rating to a “buy” rating and raised their target price for the stock from $96.00 to $156.00 in a report on Monday, March 11th. Finally, Robert W. Baird lowered their target price on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.