Choice Hotels (CHH) Expected to Announce Earnings of $0.60 Per Share

Equities analysts expect Choice Hotels (NYSE:CHH) to announce earnings per share (EPS) of $0.60 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Choice Hotels’ earnings, with estimates ranging from $0.59 to $0.61. Choice Hotels posted earnings per share of $0.51 in the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The firm is expected to issue its next earnings results before the market opens on Thursday, May 10th.

According to Zacks, analysts expect that Choice Hotels will report full year earnings of $3.64 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.68. For the next fiscal year, analysts forecast that the company will post earnings of $4.03 per share, with EPS estimates ranging from $3.76 to $4.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Choice Hotels.

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Choice Hotels (NYSE:CHH) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. Choice Hotels had a negative return on equity of 68.40% and a net margin of 11.40%. The company had revenue of $237.57 million during the quarter, compared to the consensus estimate of $227.65 million. During the same period in the prior year, the company earned $0.56 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year.



Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Choice Hotels from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Tuesday, January 9th. JPMorgan Chase restated an “underweight” rating and issued a $72.00 price target (down from $73.00) on shares of Choice Hotels in a report on Wednesday, February 21st. ValuEngine upgraded Choice Hotels from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Wells Fargo restated a “market perform” rating and issued a $88.00 price target (up from $86.00) on shares of Choice Hotels in a report on Wednesday, February 21st. Finally, SunTrust Banks increased their price objective on Choice Hotels to $82.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $77.13.

In related news, Director William L. Jews sold 3,250 shares of the 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 transaction, the director now directly owns 37,799 shares of the company’s stock, valued at $2,958,149.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Simone Wu sold 10,203 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.88, for a total value of $804,812.64. Following the transaction, the senior vice president now directly owns 30,298 shares of the company’s stock, valued at $2,389,906.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,995 shares of company stock valued at $4,992,967. 22.01% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Choice Hotels by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 946,179 shares of the company’s stock valued at $60,461,000 after purchasing an additional 20,667 shares during the last quarter. Teachers Advisors LLC boosted its position in Choice Hotels by 3.3% during the fourth quarter. Teachers Advisors LLC now owns 345,351 shares of the company’s stock valued at $26,799,000 after purchasing an additional 10,906 shares during the last quarter. Renaissance Technologies LLC boosted its position in Choice Hotels by 41.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,187,600 shares of the company’s stock valued at $92,158,000 after purchasing an additional 348,800 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Choice Hotels by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 221,819 shares of the company’s stock valued at $14,174,000 after purchasing an additional 1,311 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in Choice Hotels by 13.5% during the fourth quarter. OppenheimerFunds Inc. now owns 352,272 shares of the company’s stock valued at $27,336,000 after purchasing an additional 41,782 shares during the last quarter. 51.51% of the stock is owned by hedge funds and other institutional investors.

Shares of Choice Hotels stock traded down $0.65 during trading hours on Monday, hitting $80.85. The company’s stock had a trading volume of 313,689 shares, compared to its average volume of 264,937. Choice Hotels has a 12 month low of $59.60 and a 12 month high of $85.35. The company has a market capitalization of $4,639.22, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 2.26 and a beta of 1.08. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Monday, July 2nd will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.06%. Choice Hotels’s payout ratio is presently 29.86%.

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Choice Hotels Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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 (NYSE:CHH)

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