Wall Street analysts forecast that Choice Hotels International, Inc. (NYSE:CHH) will announce sales of $227.08 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Choice Hotels International’s earnings. The lowest sales estimate is $225.38 million and the highest is $229.17 million. Choice Hotels International posted sales of $208.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The business is scheduled to issue its next earnings report on Wednesday, February 21st.

On average, analysts expect that Choice Hotels International will report full year sales of $227.08 million for the current fiscal year, with estimates ranging from $995.17 million to $998.95 million. For the next year, analysts anticipate that the business will report sales of $1.05 billion per share, with estimates ranging from $1.03 billion to $1.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Choice Hotels International.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.03. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The company had revenue of $295.09 million for the quarter, compared to analyst estimates of $288.50 million. During the same quarter in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year.

A number of research analysts have weighed in on CHH shares. Barclays reissued an “underweight” rating and set a $60.00 price target (down previously from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. BidaskClub lowered Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. SunTrust Banks reissued a “hold” rating and set a $71.00 price target on shares of Choice Hotels International in a research note on Friday, November 10th. Zacks Investment Research lowered Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, TheStreet raised Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Choice Hotels International presently has a consensus rating of “Hold” and a consensus price target of $65.00.

In related news, major shareholder Bruce Bainum sold 20,770 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $62.00, for a total value of $1,287,740.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 22.01% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CHH. State Street Corp raised its position in shares of Choice Hotels International by 1.3% in the 1st quarter. State Street Corp now owns 476,484 shares of the company’s stock worth $29,833,000 after buying an additional 6,226 shares during the period. Aperio Group LLC raised its position in shares of Choice Hotels International by 12.6% in the 2nd quarter. Aperio Group LLC now owns 7,691 shares of the company’s stock worth $494,000 after buying an additional 860 shares during the period. Russell Investments Group Ltd. raised its position in shares of Choice Hotels International by 58.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,187 shares of the company’s stock worth $334,000 after buying an additional 1,906 shares during the period. Sei Investments Co. raised its position in shares of Choice Hotels International by 35.5% in the 2nd quarter. Sei Investments Co. now owns 45,715 shares of the company’s stock worth $2,937,000 after buying an additional 11,967 shares during the period. Finally, British Airways Pensions Investment Management Ltd raised its position in Choice Hotels International by 19.6% in the second quarter. British Airways Pensions Investment Management Ltd now owns 152,767 shares of the company’s stock valued at $9,810,000 after purchasing an additional 25,000 shares during the period. 50.82% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International (NYSE CHH) opened at $77.85 on Friday. Choice Hotels International has a 52 week low of $51.75 and a 52 week high of $79.05. The firm has a market capitalization of $4,442.62, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 3.23 and a beta of 1.17. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of -3.99.

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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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Earnings History and Estimates for Choice Hotels International (NYSE:CHH)

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