Equities analysts expect Marriott International, Inc. (NASDAQ:MAR) to post sales of $2.50 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Marriott International’s earnings, with estimates ranging from $2.16 billion to $2.86 billion. Marriott International posted sales of $4.68 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 46.6%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, May 10th.
On average, analysts expect that Marriott International will report full-year sales of $13.15 billion for the current financial year, with estimates ranging from $10.49 billion to $16.21 billion. For the next financial year, analysts expect that the business will post sales of $17.83 billion, with estimates ranging from $11.82 billion to $24.34 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Marriott International.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Thursday, February 18th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Marriott International had a net margin of 1.28% and a return on equity of 188.71%. During the same period last year, the firm earned $1.57 earnings per share.
In related news, insider Craig S. Smith sold 6,099 shares of the company’s stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $148.10, for a total transaction of $903,261.90. Also, EVP David A. Rodriguez sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 24th. The stock was sold at an average price of $157.16, for a total transaction of $1,571,600.00. Following the transaction, the executive vice president now owns 13,889 shares of the company’s stock, valued at $2,182,795.24. The disclosure for this sale can be found here. Insiders sold a total of 69,793 shares of company stock valued at $10,818,947 over the last 90 days. Corporate insiders own 12.77% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Perigon Wealth Management LLC bought a new stake in Marriott International during the 4th quarter worth approximately $45,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Marriott International by 10.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 31,090 shares of the company’s stock valued at $4,015,000 after purchasing an additional 3,035 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Marriott International by 1.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 95,956 shares of the company’s stock valued at $12,659,000 after purchasing an additional 1,460 shares during the last quarter. Gillespie Robinson & Grimm Inc. boosted its stake in shares of Marriott International by 155.5% in the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 233,547 shares of the company’s stock valued at $30,810,000 after purchasing an additional 142,148 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Marriott International by 31.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,038 shares of the company’s stock valued at $928,000 after purchasing an additional 1,688 shares during the last quarter. 57.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:MAR traded down $1.28 during midday trading on Thursday, reaching $147.61. 1,782,622 shares of the company were exchanged, compared to its average volume of 2,508,406. Marriott International has a fifty-two week low of $71.52 and a fifty-two week high of $159.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 42.27. The stock has a fifty day simple moving average of $148.76 and a two-hundred day simple moving average of $131.24. The firm has a market cap of $47.89 billion, a PE ratio of 278.51 and a beta of 1.83.
Marriott International Company Profile
Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: U.S. & Canada; Asia Pacific; and Europe, Middle East and Africa (“EMEA“). The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.
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