Equities analysts expect Marriott International Inc (NASDAQ:MAR) to report earnings of $1.50 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Marriott International’s earnings, with estimates ranging from $1.48 to $1.52. Marriott International posted earnings of $1.70 per share during the same quarter last year, which would indicate a negative year over year growth rate of 11.8%. The business is scheduled to report its next earnings report on Monday, November 4th.
According to Zacks, analysts expect that Marriott International will report full year earnings of $6.03 per share for the current year, with EPS estimates ranging from $5.98 to $6.08. For the next year, analysts anticipate that the firm will post earnings of $6.73 per share, with EPS estimates ranging from $6.61 to $6.89. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Marriott International.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.56 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.56. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.50 billion. Marriott International had a return on equity of 113.75% and a net margin of 6.81%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.73 earnings per share.
Several equities research analysts recently weighed in on MAR shares. Sanford C. Bernstein started coverage on shares of Marriott International in a research note on Wednesday. They issued a “market perform” rating and a $136.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Marriott International from $134.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Longbow Research cut shares of Marriott International from a “buy” rating to a “neutral” rating in a research note on Monday, July 15th. BidaskClub cut shares of Marriott International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Finally, Citigroup increased their target price on shares of Marriott International from $117.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $134.79.
Shares of NASDAQ:MAR traded up $2.82 during midday trading on Friday, hitting $135.33. The company’s stock had a trading volume of 16,027 shares, compared to its average volume of 1,545,213. The stock has a market capitalization of $43.37 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.95 and a beta of 1.28. The stock’s 50 day simple moving average is $131.01 and its 200 day simple moving average is $131.63. Marriott International has a fifty-two week low of $100.62 and a fifty-two week high of $144.24. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, August 22nd will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.92 annualized dividend and a yield of 1.42%. Marriott International’s dividend payout ratio is currently 30.92%.
In related news, Director Bruce W. Duncan sold 3,376 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total value of $446,172.16. Following the sale, the director now directly owns 14,600 shares of the company’s stock, valued at approximately $1,929,536. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig S. Smith sold 14,915 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $128.20, for a total transaction of $1,912,103.00. Following the completion of the sale, the insider now directly owns 18,062 shares in the company, valued at $2,315,548.40. The disclosure for this sale can be found here. Insiders sold a total of 67,907 shares of company stock worth $9,131,475 over the last ninety days. 12.60% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC increased its stake in shares of Marriott International by 4.3% during the 1st quarter. Ballentine Partners LLC now owns 1,938 shares of the company’s stock worth $243,000 after purchasing an additional 80 shares during the last quarter. Alpha Cubed Investments LLC increased its stake in shares of Marriott International by 4.0% during the 2nd quarter. Alpha Cubed Investments LLC now owns 2,123 shares of the company’s stock worth $298,000 after purchasing an additional 82 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in shares of Marriott International by 2.1% during the 1st quarter. Citizens Financial Group Inc RI now owns 4,179 shares of the company’s stock worth $523,000 after purchasing an additional 85 shares during the last quarter. Patten Group Inc. increased its stake in shares of Marriott International by 0.8% during the 2nd quarter. Patten Group Inc. now owns 10,586 shares of the company’s stock worth $1,485,000 after purchasing an additional 88 shares during the last quarter. Finally, Zeke Capital Advisors LLC increased its stake in shares of Marriott International by 1.7% during the 2nd quarter. Zeke Capital Advisors LLC now owns 5,383 shares of the company’s stock worth $755,000 after purchasing an additional 92 shares during the last quarter. 63.23% of the stock is currently owned by institutional investors and hedge funds.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
Featured Story: How to calculate compound interest
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.