Choice Hotels International (NYSE:CHH) Issues FY 2024 Earnings Guidance

Choice Hotels International (NYSE:CHH) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.300-6.600 for the period, compared to the consensus EPS estimate of 6.380. The company issued revenue guidance of -. Choice Hotels International also updated its FY24 guidance to $6.30-$6.60 EPS.

Choice Hotels International Price Performance

CHH traded down $3.16 on Wednesday, hitting $118.98. 539,359 shares of the stock were exchanged, compared to its average volume of 573,069. The business has a 50-day moving average of $121.66 and a two-hundred day moving average of $117.23. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.96 and a beta of 1.21. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $136.02.

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 analysts’ consensus estimates of $1.35 by $0.09. The firm had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 earnings per share. Sell-side analysts forecast that Choice Hotels International will post 6.46 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

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

Wall Street Analysts Forecast Growth

CHH has been the topic of several analyst reports. Barclays reduced their price objective on shares of 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. 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 upgraded shares of Choice Hotels International from an underperform rating to a buy rating and increased their price objective for the stock from $96.00 to $156.00 in a research report on Monday, March 11th. Robert W. Baird dropped their target price on shares of Choice Hotels International from $140.00 to $137.00 and set an outperform rating on the stock in a report on Wednesday, April 24th. Finally, Truist Financial increased their price target on Choice Hotels International from $142.00 to $146.00 and gave the stock a hold rating in a report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target 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.