Marriott International (NASDAQ:MAR) – Equities researchers at SunTrust Banks upped their Q2 2018 earnings estimates for Marriott International in a research report issued on Thursday, May 10th. SunTrust Banks analyst P. Scholes now expects that the company will post earnings per share of $1.39 for the quarter, up from their prior estimate of $1.33. SunTrust Banks also issued estimates for Marriott International’s Q3 2018 earnings at $1.47 EPS, FY2018 earnings at $5.62 EPS, Q1 2019 earnings at $1.35 EPS, Q2 2019 earnings at $1.60 EPS and Q3 2019 earnings at $1.71 EPS.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.12. The company had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.78 billion. Marriott International had a net margin of 6.29% and a return on equity of 41.82%. Marriott International’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS.
Several other equities analysts have also recently issued reports on MAR. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research note on Tuesday. Deutsche Bank reissued a “hold” rating and issued a $141.00 price objective on shares of Marriott International in a research note on Thursday, May 10th. Robert W. Baird reaffirmed a “hold” rating and set a $138.00 price target on shares of Marriott International in a research note on Thursday, April 19th. ValuEngine raised shares of Marriott International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Susquehanna Bancshares reaffirmed a “positive” rating and set a $161.00 price target (up from $145.00) on shares of Marriott International in a research note on Tuesday, February 13th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Marriott International currently has an average rating of “Buy” and an average target price of $131.33.
Shares of Marriott International opened at $138.86 on Monday, according to Marketbeat. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $49.41 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.20 and a beta of 1.36. Marriott International has a 1 year low of $137.85 and a 1 year high of $139.12.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, May 18th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.18%. This is a boost from Marriott International’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, May 17th. Marriott International’s dividend payout ratio is presently 30.28%.
In related news, insider Stephen Blake Marriott sold 1,000 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $143.83, for a total value of $143,830.00. Following the sale, the insider now directly owns 144,601 shares of the company’s stock, valued at approximately $20,797,961.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab acquired 250 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average cost of $141.47 per share, for a total transaction of $35,367.50. The disclosure for this purchase can be found here. Over the last three months, insiders sold 95,422 shares of company stock worth $13,449,648. 12.99% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of 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 about $128,000. Signaturefd LLC purchased a new position in Marriott International in the 1st quarter valued at about $133,000. Newport Wealth Strategies Inc. purchased a new position in Marriott International in the 4th quarter valued at about $206,000. Finally, KCS Wealth Advisory purchased a new position in Marriott International in the 4th quarter valued at about $201,000. 64.93% of the stock is currently owned by hedge funds and other institutional investors.
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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