Choice Hotels International (NYSE:CHH – Get Free Report) announced its earnings results on Wednesday. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.15 by $0.13, Briefing.com reports. The company had revenue of $331.90 million during the quarter, compared to analysts’ expectations of $343.04 million. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $1.12 earnings per share. Choice Hotels International updated its FY 2024 guidance to 6.300-6.600 EPS and its FY24 guidance to $6.30-$6.60 EPS.
Choice Hotels International Trading Up 0.3 %
Shares of CHH stock traded up $0.32 during trading hours on Thursday, hitting $116.02. 794,472 shares of the company were exchanged, compared to its average volume of 587,537. The company has a debt-to-equity ratio of 30.02, a quick ratio of 0.31 and a current ratio of 0.31. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $136.02. The company has a 50 day simple moving average of $121.71 and a two-hundred day simple moving average of $117.22. The firm has a market cap of $5.76 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.96 and a beta of 1.21.
Choice Hotels International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.99%. Choice Hotels International’s payout ratio is currently 22.73%.
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About Choice Hotels International
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.
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