Choice Hotels International Inc (CHH) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.35 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.39. The company posted revenue of $207.10 million in the period, compared to analysts expectations of $183.54 million. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Choice Hotels International Inc. Shares were Reiterated by Telsey Advisory Group on Feb 19, 2016 to “Market Perform” and Lowered the Price Target to $ 51 from a previous price target of $52 .Choice Hotels International Inc was Upgraded by JP Morgan to ” Neutral” on Feb 19, 2016. Shares were Reiterated by Deutsche Bank on Feb 19, 2016 to “Hold” and Lowered the Price Target to $ 52 from a previous price target of $56 .
Choice Hotels International Inc opened for trading at $50.93 and hit $51.345 on the upside on Monday, eventually ending the session at $51.08, with a gain of 0.83% or 0.42 points. The heightened volatility saw the trading volume jump to 3,00,879 shares. Company has a market cap of $2,880 M.
In a different news, on Feb 3, 2016, Patrick Cimerola (Senior Vice President) sold 1,823 shares at $42.50 per share price. According to the SEC, on Feb 3, 2016, Stephen P Joyce (President & CEO) sold 45,180 shares at $43.06 per share price. On Nov 5, 2015, John P Tague (director) sold 3,000 shares at $54.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Choice Hotels International Inc. (Choice) is a hotel franchisor. Choice franchises lodging properties under various brand names: 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 (collectively the Choice brands). It operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). SkyTouch is a division of the Company that develops and markets cloud-based technology products including inventory management pricing and connectivity to third party channels to hoteliers not under franchise agreements with the Company. The SkyTouch platform also includes a mobile-native interface that offers mobile functionality to the elements of property management and housekeeping.