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.
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.
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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.
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