Trade Report: The Choice Hotels International Inc. (CHH) Issues FY16 Earnings Guidance

The Choice Hotels International Inc. (CHH) Issues FY16 Earnings Guidance

Choice Hotels International Inc. (NYSE:CHH) issued an update on its FY16 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.43-2.46 for the period, compared to the Thomson Reuters consensus estimate of $2.38. Choice Hotels International also updated its Q4 guidance to $0.51+ EPS.

Shares of Choice Hotels International Inc. (NYSE:CHH) opened at 47.25 on Monday. The stock has a 50 day moving average price of $45.51 and a 200-day moving average price of $47.57. The company has a market capitalization of $2.64 billion, a P/E ratio of 19.61 and a beta of 1.17. Choice Hotels International Inc. has a one year low of $40.78 and a one year high of $54.66.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, October 27th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.05. Choice Hotels International had a negative return on equity of 35.46% and a net margin of 14.58%. The company had revenue of $267.60 million for the quarter, compared to analyst estimates of $252.77 million. During the same period in the prior year, the firm posted $0.72 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. Equities research analysts predict that Choice Hotels International Inc. will post $2.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Monday, October 3rd were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 29th. Choice Hotels International’s dividend payout ratio is 34.45%.

A number of brokerages have recently commented on CHH. Zacks Investment Research raised Choice Hotels International from a sell rating to a hold rating in a report on Thursday, August 4th. Morgan Stanley raised Choice Hotels International from an underweight rating to an equal weight rating and set a $47.00 price objective on the stock in a report on Monday, September 26th. Wolfe Research began coverage on Choice Hotels International in a report on Wednesday, July 6th. They set a market perform rating on the stock. Finally, Bank of America Corp. reissued a buy rating on shares of Choice Hotels International in a report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $48.78.

In other Choice Hotels International news, CEO Stephen P. Joyce sold 32,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $45.09, for a total value of $1,442,880.00. Following the completion of the sale, the chief executive officer now owns 180,548 shares in the company, valued at approximately $8,140,909.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Patrick Pacious sold 4,745 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $48.73, for a total value of $231,223.85. Following the completion of the sale, the chief operating officer now owns 113,062 shares of the company’s stock, valued at approximately $5,509,511.26. The disclosure for this sale can be found here. Corporate insiders own 22.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. AHL Partners LLP purchased a new stake in shares of Choice Hotels International during the second quarter worth approximately $333,000. AQR Capital Management LLC purchased a new stake in shares of Choice Hotels International during the second quarter worth approximately $2,789,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Choice Hotels International by 5.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 53,177 shares of the company’s stock worth $2,532,000 after buying an additional 2,800 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Choice Hotels International during the second quarter worth approximately $994,000. Finally, Citadel Advisors LLC increased its stake in shares of Choice Hotels International by 124.6% in the second quarter. Citadel Advisors LLC now owns 457,760 shares of the company’s stock worth $21,799,000 after buying an additional 253,948 shares in the last quarter. Institutional investors own 49.90% of the company’s stock.

Choice Hotels International Company Profile

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