Equities Analysts Set Expectations for Choice Hotels International, Inc.’s FY2017 Earnings (CHH)
Choice Hotels International, Inc. (NYSE:CHH) – Stock analysts at SunTrust Banks raised their FY2017 earnings per share estimates for Choice Hotels International in a report released on Tuesday. SunTrust Banks analyst P. Scholes now forecasts that the company will post earnings per share of $2.87 for the year, up from their previous forecast of $2.85. SunTrust Banks also issued estimates for Choice Hotels International’s Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $0.69 EPS and FY2018 earnings at $3.15 EPS.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.03. Choice Hotels International had a negative return on equity of 55.91% and a net margin of 15.66%. The company had revenue of $295.09 million during the quarter, compared to the consensus estimate of $288.50 million. During the same period last year, the company earned $0.84 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year.
A number of other equities analysts also recently issued reports on the company. BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Barclays PLC reiterated an “underweight” rating and issued a $60.00 target price (down from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday, October 17th. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Finally, Deutsche Bank AG lowered their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $64.14.
Choice Hotels International (CHH) opened at $73.80 on Wednesday. Choice Hotels International has a 1 year low of $48.00 and a 1 year high of $76.41. The company has a debt-to-equity ratio of -3.42, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $4,170.00, a PE ratio of 26.26, a PEG ratio of 3.14 and a beta of 1.13.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.215 per share. The ex-dividend date was Friday, September 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.17%. Choice Hotels International’s dividend payout ratio is 33.08%.
In other news, major shareholder Bruce Bainum sold 20,770 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $62.00, for a total transaction of $1,287,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Pepper sold 1,071 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $61.09, for a total value of $65,427.39. Following the sale, the insider now owns 69,864 shares of the company’s stock, valued at approximately $4,267,991.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,320 shares of company stock valued at $2,490,287. Corporate insiders own 22.01% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Choice Hotels International by 10.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock valued at $104,000 after acquiring an additional 157 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Choice Hotels International 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 acquiring an additional 106 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Choice Hotels International during the second quarter valued at approximately $108,000. Huntington National Bank boosted its position in shares of Choice Hotels International by 4.7% during the second quarter. Huntington National Bank now owns 2,709 shares of the company’s stock valued at $174,000 after buying an additional 121 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of Choice Hotels International during the third quarter valued at approximately $192,000. Hedge funds and other institutional investors own 50.46% of the company’s stock.
About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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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