Choice Hotels International Inc (CHH) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.67. The company posted revenue of $241.75 million in the period, compared to analysts expectations of $243.26 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Choice Hotels International Inc opened for trading at $48.12 and hit $48.52 on the upside on Friday, eventually ending the session at $48.29, with a gain of 0.23% or 0.11 points. The heightened volatility saw the trading volume jump to 2,60,158 shares. Company has a market cap of $2,728 M.
In a different news, on Jun 6, 2016, Simone Wu (Senior Vice President) sold 7,625 shares at $45.92 per share price. According to the SEC, on Feb 3, 2016, Patrick Cimerola (Senior Vice President) sold 1,823 shares at $42.50 per share price. On Feb 3, 2016, Stephen P Joyce (President & CEO) sold 45,180 shares at $43.06 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.