Brokerages forecast that Choice Hotels International, Inc. (NYSE:CHH) will post sales of $203.63 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Choice Hotels International’s earnings, with the lowest sales estimate coming in at $198.87 million and the highest estimate coming in at $216.00 million. Choice Hotels International reported sales of $268.08 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 24%. The firm is scheduled to report its next earnings results on Tuesday, February 16th.

According to Zacks, analysts expect that Choice Hotels International will report full year sales of $784.61 million for the current financial year, with estimates ranging from $779.55 million to $797.00 million. For the next fiscal year, analysts forecast that the company will report sales of $1.02 billion, with estimates ranging from $942.32 million to $1.07 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Choice Hotels International.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.07). Choice Hotels International had a negative return on equity of 419.83% and a net margin of 12.92%. The business had revenue of $210.70 million for the quarter, compared to analyst estimates of $207.73 million. During the same quarter last year, the business earned $1.37 EPS. Choice Hotels International’s revenue for the quarter was down 32.2% compared to the same quarter last year.

Several research firms have recently issued reports on CHH. Morgan Stanley raised their price objective on Choice Hotels International from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 27th. Zacks Investment Research upgraded Choice Hotels International from a “sell” rating to a “hold” rating and set a $94.00 price objective on the stock in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Choice Hotels International from $77.00 to $84.00 and gave the company a “hold” rating in a report on Friday, November 6th. Barclays lifted their target price on Choice Hotels International from $82.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, September 30th. Finally, Bank of America cut Choice Hotels International from a “neutral” rating to an “underperform” rating and set a $95.00 target price on the stock. in a report on Tuesday, September 29th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.50.

In other news, CEO Patrick Pacious sold 33,850 shares of Choice Hotels International stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $92.26, for a total transaction of $3,123,001.00. Insiders own 21.73% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hexavest Inc. purchased a new stake in shares of Choice Hotels International during the fourth quarter worth about $524,000. State of Alaska Department of Revenue increased its position in shares of Choice Hotels International by 52.8% during the fourth quarter. State of Alaska Department of Revenue now owns 8,729 shares of the company’s stock worth $931,000 after acquiring an additional 3,016 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Choice Hotels International by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 74,697 shares of the company’s stock worth $6,421,000 after acquiring an additional 497 shares during the last quarter. Paloma Partners Management Co increased its position in shares of Choice Hotels International by 294.4% during the third quarter. Paloma Partners Management Co now owns 19,288 shares of the company’s stock worth $1,657,000 after acquiring an additional 14,398 shares during the last quarter. Finally, Twinbeech Capital LP purchased a new stake in shares of Choice Hotels International during the third quarter worth about $817,000. 57.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of CHH stock traded down $1.27 during mid-day trading on Wednesday, hitting $106.31. 119,242 shares of the company’s stock were exchanged, compared to its average volume of 189,618. Choice Hotels International has a fifty-two week low of $46.25 and a fifty-two week high of $110.18. The stock has a 50-day simple moving average of $104.63 and a two-hundred day simple moving average of $94.37. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 54.24 and a beta of 1.48.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates through Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

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

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