Choice Hotels International (NYSE:CHH) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.54-3.66 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.49. Choice Hotels International also updated its Q1 guidance to $0.58-0.61 EPS.
Choice Hotels International (NYSE CHH) traded up $0.65 during trading on Wednesday, reaching $84.30. 335,724 shares of the company’s stock were exchanged, compared to its average volume of 270,298. The company has a debt-to-equity ratio of -3.42, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $4,800.00, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 2.38 and a beta of 1.15. Choice Hotels International has a 52-week low of $59.60 and a 52-week high of $84.75.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Tuesday, February 20th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.63. The firm had revenue of $237.57 million during the quarter, compared to analyst estimates of $227.65 million. Choice Hotels International had a net margin of 11.40% and a negative return on equity of 68.40%. Choice Hotels International’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. research analysts anticipate that Choice Hotels International will post 3.64 earnings per share for the current year.
A number of research analysts have issued reports on CHH shares. SunTrust Banks boosted their target price on shares of Choice Hotels International to $82.00 and gave the company a hold rating in a research note on Wednesday, February 21st. Morgan Stanley restated an equal weight rating and set a $81.00 price target (down from $83.00) on shares of Choice Hotels International in a research report on Wednesday, February 21st. Zacks Investment Research downgraded shares of Choice Hotels International from a buy rating to a hold rating in a research report on Thursday, January 4th. Wells Fargo & Co restated a market perform rating and set a $88.00 price target (up from $86.00) on shares of Choice Hotels International in a research report on Wednesday, February 21st. Finally, UBS Group upgraded shares of Choice Hotels International from a sell rating to a neutral rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $77.13.
In related news, SVP John Bonds sold 14,820 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $83.50, for a total value of $1,237,470.00. Following the sale, the senior vice president now directly owns 14,272 shares in the company, valued at approximately $1,191,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William L. Jews sold 3,250 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $78.26, for a total transaction of $254,345.00. Following the completion of the sale, the director now owns 37,799 shares in the company, valued at $2,958,149.74. The disclosure for this sale can be found here. Insiders have sold a total of 61,995 shares of company stock worth $4,992,967 over the last 90 days. 22.01% of the stock is owned by insiders.
An institutional investor recently raised its position in Choice Hotels International stock. The Manufacturers Life Insurance Company increased its holdings in Choice Hotels International Inc (NYSE:CHH) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,651 shares of the company’s stock after purchasing an additional 106 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Choice Hotels International were worth $106,000 at the end of the most recent quarter. Institutional investors own 51.51% of the company’s stock.
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Choice Hotels International Company Profile
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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