Zacks: Analysts Expect Choice Hotels International, Inc. (NYSE: CHH) to Report Quarterly Sales of $ 278.20 Million


Wall Street brokerages predict that Choice Hotels International, Inc. (NYSE: CHH) will post sales of $ 278.20 million for the current quarter, according to Zacks investment research. Four analysts have released earnings estimates for Choice Hotels International. The highest sales estimate is $ 304.93 million and the lowest is $ 259.30 million. Choice Hotels International posted sales of $ 193.39 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 43.9%. The company is expected to report its next results on Wednesday, February 16.

According to Zacks, analysts expect Choice Hotels International to report annual revenue of $ 1.06 billion for the current fiscal year, with estimates ranging from $ 1.04 billion to 1.09 billion. billion dollars. For the next fiscal year, analysts predict the company will post revenue of $ 1.19 billion, with estimates ranging from $ 1.15 billion to $ 1.24 billion. Zacks’ sales calculations are an average based on a survey of research analysts who cover Choice Hotels International.

Choice Hotels International (NYSE: CHH) last released its results on Thursday, November 4. The company reported earnings per share of $ 1.51 for the quarter, beating the Zacks’ consensus estimate of $ 1.36 by $ 0.15. The company posted revenue of $ 323.40 million for the quarter, compared to a consensus estimate of $ 336.99 million. Choice Hotels International recorded a return on equity of 258.96% and a net margin of 23.80%. The company’s revenue increased 53.5% compared to the same quarter last year. In the same quarter of last year, the company posted EPS of $ 0.66.

(A d)

There aren’t many days left on the calendar… and yet the global semiconductor market has reached $ 466.2 billion – despite the pandemic.

Better yet, the shortage of chips has created huge opportunities for recurring success.

These four tech companies are well positioned to take advantage of this rapidly growing demand.

CHH has been the subject of a number of research analyst reports. Truist increased its target price on Choice Hotels International from $ 114.00 to $ 125 and gave the company a “conservation” rating in a report released on Friday, December 3. Jefferies Financial Group increased its price target on Choice Hotels International from $ 115.00 to $ 126.00 and gave the company a “retain” rating in a research note on Friday, October 1. Deutsche Bank Aktiengesellschaft raised its price target on Choice Hotels International from $ 113.00 to $ 128.00 and awarded the company a “conservation” rating in a research note on Tuesday, November 9. Zacks investment research Reduced Choice Hotels International from a “buy” rating to a “keep” rating and set a price target of $ 159.00 for the company. in a research note on Wednesday, November 10. Finally, Truist Securities raised its price target on Choice Hotels International from $ 114.00 to $ 125 and gave the company a “hold” rating in a research note on Friday, December 3. Eight research analysts rated the stock with a maintenance rating. According to MarketBeat, Choice Hotels International currently has an average rating of “Hold” and a consensus target price of $ 133.22.

Several institutional investors have recently bought and sold shares in the company. CIBC Asset Management Inc. increased its position in the shares of Choice Hotels International by 4.6% during the 3rd quarter. CIBC Asset Management Inc. now owns 2,050 shares of the company valued at $ 259,000 after purchasing 91 additional shares in the last quarter. Capital Analysts LLC increased its position in shares of Choice Hotels International by 12.8% during the 3rd quarter. Capital Analysts LLC now owns 1,042 shares of the company valued at $ 132,000 after purchasing 118 additional shares in the last quarter. RE Advisers Corp increased its position in shares of Choice Hotels International by 57.0% during the 3rd quarter. RE Advisers Corp now owns 358 shares of the company valued at $ 45,000 after purchasing 130 additional shares in the last quarter. Captrust Financial Advisors increased its position in shares of Choice Hotels International by 77.3% during the 3rd quarter. Captrust Financial Advisors now owns 312 shares of the company valued at $ 39,000 after purchasing 136 additional shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its position in shares of Choice Hotels International by 0.4% during the 3rd quarter. Ensign Peak Advisors Inc now owns 36,065 shares of the company valued at $ 4,558,000 after purchasing an additional 160 shares during the last quarter. 77.14% of the shares are currently held by hedge funds and other institutional investors.

Shares of CHH opened at $ 154.27 on Friday. The stock’s fifty-day moving average price is $ 148.37, and its two-hundred-day moving average price is $ 131.79. The company has a market cap of $ 8.58 billion, a PE ratio of 37.17, a P / E / G ratio of 1.03 and a beta of 1.44. Choice Hotels International has a 52-week minimum of $ 100.11 and a 52-week maximum of $ 157.46. The company has a debt to equity ratio of 3.98, a quick ratio of 1.20, and a current ratio of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 18. Shareholders of record on Tuesday, January 4 will receive a dividend of $ 0.2375 per share. The ex-dividend date for this dividend is Monday January 3. This represents a dividend of $ 0.95 on an annualized basis and a return of 0.62%. This is an increase from Choice Hotels International’s previous quarterly dividend of $ 0.23. Choice Hotels International’s payout ratio is 22.89%.

Choice Hotels International Company Profile

Choice Hotels International, Inc. engages in the franchising and operation of hotels. It operates through the Hotel Franchise, Businesses and Others segments. The Hotel Franchise segment refers to the hotel franchise operations comprised of several of the Company’s hotel brands. The Corporate and Others segment is responsible for hotel and rental income related to office buildings owned by the company.

Featured Article: Methods and Types of Trading Strategies

Get a Free Copy of Zacks’ Research Report on Choice Hotels International (CHH)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Choice Hotels International (NYSE: CHH) revenue history and estimates

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Choice Hotels International now?

Before you consider Choice Hotels International, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold … and Choice Hotels International was not on the list.

While Choice Hotels International currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


Comments are closed.