Marriott International, Inc. (NASDAQ:MAR) Expected to Post Quarterly Sales of $2.50 Billion


Share on StockTwits

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.

A number of research firms recently weighed in on MAR. Wells Fargo & Company raised their target price on shares of Marriott International from $147.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, March 1st. Gordon Haskett raised their target price on shares of Marriott International from $108.00 to $125.00 and gave the company a “hold” rating in a research report on Tuesday, January 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Marriott International from $96.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, February 19th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on shares of Marriott International from $120.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, February 25th. Finally, Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $150.00 to $158.00 in a research report on Monday, March 1st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Marriott International has a consensus rating of “Buy” and a consensus price target of $127.44.

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.

Featured Article: Trading Options- What is a Strangle?

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.