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Stock Market & Financial Investment News

News Breaks
August 5, 2014
07:37 EDTCHHChoice Hotels to change revenue recognition practice
Choice Hotels International announced that the Company will change its practice of accounting for royalty and certain marketing and reservation fees in order to comply with generally accepted accounting principles in the U.S. by reporting these fees in the same period that the underlying gross room revenues are earned by the Company's franchisees rather than one month in arrears. This change will result in immaterial upward adjustments to annual statements and will result in certain quarterly and interim periods being restated.
News For CHH From The Last 14 Days
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February 24, 2015
05:31 EDTCHHChoice Hotels downgraded to Underweight from Equal Weight at Barclays
Barclays downgraded Choice Hotels to Underweight citing valuation as it believes the current share price reflects the company's improving business. The firm raised its price target for shares to $61 from $55.
February 23, 2015
10:19 EDTCHHChoice Hotels says opened 478 hotels worldwide in 2014
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February 20, 2015
09:03 EDTCHHChoice Hotels sees Q1 RevPAR to increase 11%
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09:03 EDTCHHChoice Hotels sees FY15 EPS $2.14-$2.21, consensus $2.26
Sees FY15 EBITDA $236M-$241M. Sees FY15 effective tax rate for cont ops to be 31.1%. Sees FY15 Franchising EBITDA $254M-$259M. Sees FY15 Franchising net domestic unit growth to be approximately 1%. Sees FY!5 Franchising RevPAR to increase 6.5%-8%.
09:02 EDTCHHChoice Hotels sees Q1 EPS approximately 37c, consensus 38c
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09:01 EDTCHHChoice Hotels reports Q4 EPS cont ops 43c, consensus 37c
Reports Q4 revenue $185.40M, consensus $178.74M. Reports Q4 Franchising revenue up 12% to $81.4M.

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