Analysts Anticipate Marriott International (MAR) to Post $0.98 Earnings Per Share
Wall Street analysts expect that Marriott International (NASDAQ:MAR) will report earnings per share (EPS) of $0.98 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Marriott International’s earnings, with the lowest EPS estimate coming in at $0.97 and the highest estimate coming in at $1.00. Marriott International reported earnings per share of $0.91 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that Marriott International will report full year earnings of $4.14 per share for the current financial year, with EPS estimates ranging from $4.12 to $4.16. For the next financial year, analysts expect that the business will report earnings of $4.69 per share, with EPS estimates ranging from $4.51 to $5.15. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Marriott International.
Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, August 7th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.02 by $0.11. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.73 billion. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The business’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS.
MAR has been the topic of several recent analyst reports. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus increased their price objective on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, August 8th. UBS AG reissued a “neutral” rating and issued a $101.00 target price (up from $98.00) on shares of Marriott International in a research note on Monday, August 14th. Finally, Robert W. Baird raised their target price on shares of Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $100.81.
Marriott International (NASDAQ:MAR) traded up 0.24% during midday trading on Monday, reaching $110.53. 1,545,494 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $102.54 and a 200 day moving average price of $99.47. The company has a market cap of $41.16 billion, a price-to-earnings ratio of 38.65 and a beta of 1.36. Marriott International has a 52 week low of $65.91 and a 52 week high of $111.46.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 24th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, August 22nd. Marriott International’s dividend payout ratio is 45.52%.
In related news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the transaction, the insider now owns 493,896 shares in the company, valued at $49,310,576.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward A. Ryan sold 6,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.00, for a total value of $648,000.00. Following the completion of the transaction, the executive vice president now directly owns 74,406 shares of the company’s stock, valued at approximately $8,035,848. The disclosure for this sale can be found here. Insiders sold a total of 110,727 shares of company stock valued at $11,339,600 in the last three months. Insiders own 11.32% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Regal Wealth Group Inc. increased its holdings in Marriott International by 0.3% in the 2nd quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock valued at $164,000 after buying an additional 5 shares during the period. Gradient Investments LLC lifted its holdings in shares of Marriott International by 0.3% during the 2nd quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock worth $202,000 after acquiring an additional 6 shares during the period. Family Firm Inc. lifted its holdings in shares of Marriott International by 0.3% during the 2nd quarter. Family Firm Inc. now owns 2,931 shares of the company’s stock worth $294,000 after acquiring an additional 8 shares during the period. Alexandria Capital LLC lifted its holdings in shares of Marriott International by 0.7% during the 2nd quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock worth $165,000 after acquiring an additional 12 shares during the period. Finally, First Bank & Trust lifted its holdings in shares of Marriott International by 1.2% during the 2nd quarter. First Bank & Trust now owns 1,701 shares of the company’s stock worth $171,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 65.88% of the company’s stock.
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About Marriott International
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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