$290.09 Million in Sales Expected for Choice Hotels International, Inc. (NYSE:CHH) This Quarter

Wall Street brokerages forecast that Choice Hotels International, Inc. (NYSE:CHH) will post $290.09 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Choice Hotels International’s earnings, with estimates ranging from $281.48 million to $299.88 million. Choice Hotels International reported sales of $267.58 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The company is expected to issue its next earnings report on Thursday, October 26th.

On average, analysts expect that Choice Hotels International will report full-year sales of $290.09 million for the current financial year, with estimates ranging from $977.15 million to $1.01 billion. For the next year, analysts expect that the firm will report sales of $1.04 billion per share, with estimates ranging from $1.02 billion to $1.06 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Choice Hotels International.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The business had revenue of $276.80 million during the quarter, compared to analyst estimates of $254.68 million. During the same quarter in the previous year, the business earned $0.71 EPS. Choice Hotels International’s quarterly revenue was up 14.5% compared to the same quarter last year.

CHH has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Monday, April 17th. BidaskClub downgraded shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley downgraded shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a research report on Friday, May 5th. They noted that the move was a valuation call. Deutsche Bank AG decreased their target price on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Finally, Telsey Advisory Group raised their target price on shares of Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $62.57.

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In other Choice Hotels International news, CEO Stephen P. Joyce sold 44,116 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $62.88, for a total value of $2,774,014.08. Following the completion of the sale, the chief executive officer now owns 201,922 shares in the company, valued at $12,696,855.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen P. Joyce sold 17,024 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total transaction of $1,072,852.48. Following the completion of the sale, the chief executive officer now owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The disclosure for this sale can be found here. Company insiders own 22.01% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Utah Retirement Systems boosted its stake in shares of Choice Hotels International by 1.7% in the second quarter. Utah Retirement Systems now owns 6,112 shares of the company’s stock worth $393,000 after buying an additional 100 shares in the last quarter. Huntington National Bank boosted its stake in shares of Choice Hotels International by 4.7% in the second quarter. Huntington National Bank now owns 2,709 shares of the company’s stock worth $174,000 after buying an additional 121 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Choice Hotels International by 1.1% in the second quarter. Legal & General Group Plc now owns 12,168 shares of the company’s stock worth $782,000 after buying an additional 136 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Choice Hotels International by 0.7% in the first quarter. Principal Financial Group Inc. now owns 21,196 shares of the company’s stock worth $1,327,000 after buying an additional 143 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Choice Hotels International by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 49.70% of the company’s stock.

Shares of Choice Hotels International (NYSE:CHH) opened at 60.05 on Friday. The company has a 50 day moving average of $63.90 and a 200 day moving average of $62.55. Choice Hotels International has a 1-year low of $43.70 and a 1-year high of $67.80. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 22.18 and a beta of 1.11.

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

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