Marriott International (NASDAQ:MAR) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.37-$1.41 for the period, compared to the Thomson Reuters consensus estimate of $1.50.
Shares of NASDAQ MAR traded down $0.25 during mid-day trading on Monday, reaching $120.68. The company had a trading volume of 2,336,154 shares, compared to its average volume of 2,158,282. Marriott International has a twelve month low of $106.96 and a twelve month high of $149.21. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $41.96 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.80 and a beta of 1.38.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 6th. The company reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.37. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.90 billion. Marriott International had a net margin of 7.31% and a return on equity of 52.81%. Marriott International’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, analysts predict that Marriott International will post 5.88 EPS for the current year.
MAR has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Marriott International from a hold rating to a sell rating in a research report on Wednesday, July 18th. Morgan Stanley downgraded shares of Marriott International from an overweight rating to an equal rating and set a $129.00 target price on the stock. in a research report on Tuesday, July 24th. BidaskClub downgraded shares of Marriott International from a hold rating to a sell rating in a research report on Wednesday, August 1st. ValuEngine downgraded shares of Marriott International from a buy rating to a hold rating in a research report on Wednesday, August 8th. Finally, Robert W. Baird restated a hold rating and set a $135.00 price target on shares of Marriott International in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $144.23.
In related news, Director Frederick A. Henderson bought 1,640 shares of Marriott International stock in a transaction that occurred on Thursday, August 9th. The stock was acquired at an average price of $120.84 per share, for a total transaction of $198,177.60. Following the completion of the purchase, the director now owns 1,640 shares in the company, valued at $198,177.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.99% of the stock is owned by corporate insiders.
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Marriott International Company Profile
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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