Brokerages Expect Marriott International, Inc. (NASDAQ:MAR) to Announce $0.37 EPS

Analysts forecast that Marriott International, Inc. (NASDAQ:MAR) will report $0.37 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for Marriott International’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.56. Marriott International posted earnings of ($0.64) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 157.8%. The business is scheduled to issue its next quarterly earnings report on Monday, August 9th.

On average, analysts expect that Marriott International will report full year earnings of $2.09 per share for the current year, with EPS estimates ranging from $1.49 to $3.02. For the next fiscal year, analysts forecast that the firm will post earnings of $4.60 per share, with EPS estimates ranging from $3.93 to $6.64. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Marriott International.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, May 10th. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. Marriott International had a negative return on equity of 57.49% and a negative net margin of 3.77%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the business earned $0.68 EPS. The firm’s revenue was down 50.5% compared to the same quarter last year.

A number of research analysts recently weighed in on MAR shares. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $158.00 in a research note on Monday, February 22nd. Morgan Stanley lifted their price target on Marriott International from $123.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Monday, May 17th. Robert W. Baird reaffirmed a “hold” rating and issued a $140.00 price target on shares of Marriott International in a research report on Thursday, May 13th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating and set a $159.00 price target on the stock in a research report on Tuesday, March 23rd. Finally, Stifel Nicolaus lifted their price target on Marriott International from $120.00 to $140.00 and gave the stock a “hold” rating in a research report on Monday, May 10th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $133.79.

Shares of MAR stock traded up $4.05 during trading on Monday, reaching $142.88. The company had a trading volume of 2,306,008 shares, compared to its average volume of 2,361,685. The stock has a 50 day moving average price of $144.16. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 40.11. Marriott International has a one year low of $80.26 and a one year high of $159.98. The firm has a market cap of $46.35 billion, a P/E ratio of -152.00 and a beta of 1.89.

In other Marriott International news, insider Deborah Marriott Harrison sold 360 shares of the business’s stock in a transaction on Thursday, May 13th. The stock was sold at an average price of $138.06, for a total value of $49,701.60. Following the transaction, the insider now owns 746 shares of the company’s stock, valued at $102,992.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Craig S. Smith sold 6,099 shares of the business’s stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of $148.10, for a total value of $903,261.90. 12.41% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Bouvel Investment Partners LLC bought a new stake in shares of Marriott International during the fourth quarter worth $1,286,000. Boston Partners raised its position in shares of Marriott International by 1.4% during the fourth quarter. Boston Partners now owns 913,382 shares of the company’s stock worth $120,494,000 after acquiring an additional 12,393 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Marriott International by 106.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 22,144 shares of the company’s stock worth $2,921,000 after acquiring an additional 11,440 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Marriott International in the fourth quarter valued at about $264,000. Finally, Jennison Associates LLC bought a new stake in Marriott International in the fourth quarter valued at about $8,081,000. 58.73% of the stock is currently owned by institutional investors.

Marriott International Company Profile

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.

See Also: What is a price target?

Get a free copy of the Zacks research report on Marriott International (MAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Marriott International (NASDAQ:MAR)

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.