$5.74 Billion in Sales Expected for Marriott International (MAR) This Quarter

Equities analysts expect Marriott International (NASDAQ:MAR) to report sales of $5.74 billion for the current quarter, Zacks reports. Three analysts have made estimates for Marriott International’s earnings, with estimates ranging from $5.66 billion to $5.83 billion. Marriott International posted sales of $5.56 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, May 8th.

On average, analysts expect that Marriott International will report full-year sales of $23.92 billion for the current fiscal year, with estimates ranging from $23.46 billion to $24.66 billion. For the next fiscal year, analysts forecast that the company will post sales of $25.11 billion per share, with estimates ranging from $24.09 billion to $26.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Marriott International.

How to Become a New Pot Stock Millionaire

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same period last year, the firm posted $0.85 EPS. Marriott International’s revenue for the quarter was up 7.7% compared to the same quarter last year.

A number of brokerages have recently commented on MAR. Robert W. Baird reaffirmed a “hold” rating and set a $138.00 price objective on shares of Marriott International in a research note on Thursday. ValuEngine raised shares of Marriott International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Susquehanna Bancshares reaffirmed a “positive” rating and set a $161.00 price objective (up previously from $145.00) on shares of Marriott International in a research note on Tuesday, February 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $132.00 price objective on shares of Marriott International in a research note on Tuesday, January 9th. Finally, Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Marriott International has an average rating of “Buy” and an average target price of $129.43.

Shares of NASDAQ MAR traded up $0.15 during midday trading on Monday, reaching $137.63. 843,335 shares of the stock were exchanged, compared to its average volume of 2,325,091. The stock has a market capitalization of $49,066.57, a price-to-earnings ratio of 31.57, a PEG ratio of 2.53 and a beta of 1.35. Marriott International has a twelve month low of $93.15 and a twelve month high of $149.21. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.46 and a quick ratio of 0.46.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, February 23rd were paid a $0.33 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.96%. Marriott International’s dividend payout ratio is currently 30.28%.

In related news, Director Susan C. Schwab purchased 250 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average price of $141.47 per share, with a total value of $35,367.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig S. Smith sold 14,422 shares of Marriott International stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $140.80, for a total transaction of $2,030,617.60. Following the completion of the sale, the insider now directly owns 34,899 shares in the company, valued at approximately $4,913,779.20. The disclosure for this sale can be found here. Insiders sold a total of 95,422 shares of company stock worth $13,449,648 in the last three months. 12.99% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC lifted its holdings in Marriott International by 367.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock valued at $100,000 after purchasing an additional 580 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Marriott International in the 4th quarter valued at $128,000. KCS Wealth Advisory purchased a new position in Marriott International in the 4th quarter valued at $201,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Marriott International in the 4th quarter valued at $204,000. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Marriott International in the 4th quarter valued at $204,000. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/24/5-74-billion-in-sales-expected-for-marriott-international-mar-this-quarter.html.

About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.

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.

Leave a Reply