Marriott International (NASDAQ:MAR – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04), Briefing.com reports. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period in the prior year, the business posted $2.09 earnings per share. Marriott International’s revenue was up 6.4% compared to the same quarter last year.
Marriott International Trading Up 0.7 %
NASDAQ MAR traded up $1.70 during trading on Thursday, hitting $235.56. The company had a trading volume of 1,388,557 shares, compared to its average volume of 1,449,558. Marriott International has a one year low of $165.13 and a one year high of $260.57. The company’s fifty day moving average is $248.01 and its 200-day moving average is $228.08. The company has a market cap of $68.07 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 5.27 and a beta of 1.61.
Marriott International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Marriott International
Insiders Place Their Bets
In related news, insider Satyajit Anand sold 2,749 shares of Marriott International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the completion of the transaction, the insider now directly owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the sale, the chief financial officer now owns 20,036 shares in the company, valued at $4,862,937.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Satyajit Anand sold 2,749 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the sale, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,003 shares of company stock worth $30,435,493. Company insiders own 12.32% of the company’s stock.
Marriott International Company Profile
Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.
Further Reading
- Five stocks we like better than Marriott International
- Which Wall Street Analysts are the Most Accurate?
- Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- How Can Investors Benefit From After-Hours Trading
- Zillow’s Earnings Dip: An Opportunity for Visionaries
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.