Analysts expect Marriott International Inc (NASDAQ:MAR) to report earnings of $1.34 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Marriott International’s earnings, with estimates ranging from $1.30 to $1.39. Marriott International also posted earnings per share of $1.34 in the same quarter last year. The business is scheduled to issue its next earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that Marriott International will report full year earnings of $6.12 per share for the current year, with EPS estimates ranging from $6.02 to $6.39. For the next year, analysts expect that the business will post earnings of $6.91 per share, with EPS estimates ranging from $6.78 to $7.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Marriott International.
Marriott International (NASDAQ:MAR) last released its earnings results on Thursday, February 28th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. Marriott International had a return on equity of 80.36% and a net margin of 8.74%. During the same quarter last year, the company earned $1.12 EPS.
Several brokerages recently commented on MAR. Cowen reissued a “buy” rating and set a $150.00 price target on shares of Marriott International in a research report on Tuesday, February 26th. BidaskClub cut Marriott International from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Berenberg Bank reissued a “buy” rating and set a $140.00 price target on shares of Marriott International in a research report on Tuesday, March 5th. Argus cut Marriott International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Finally, Barclays raised their price objective on Marriott International to $135.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $135.21.
In other news, insider Craig S. Smith sold 16,743 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $120.35, for a total transaction of $2,015,020.05. Following the transaction, the insider now owns 7,754 shares in the company, valued at $933,193.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William P. Brown sold 11,640 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $121.53, for a total value of $1,414,609.20. Following the sale, the insider now owns 5,704 shares in the company, valued at $693,207.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,410 shares of company stock worth $3,432,989. 12.99% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MAR. Proficio Capital Partners LLC increased its stake in shares of Marriott International by 93.7% in the 4th quarter. Proficio Capital Partners LLC now owns 308 shares of the company’s stock valued at $33,000 after purchasing an additional 149 shares during the last quarter. Clean Yield Group bought a new position in shares of Marriott International in the 4th quarter valued at $41,000. Lindbrook Capital LLC bought a new position in shares of Marriott International in the 4th quarter valued at $42,000. Bessemer Group Inc. increased its stake in shares of Marriott International by 532.8% in the 4th quarter. Bessemer Group Inc. now owns 386 shares of the company’s stock valued at $42,000 after purchasing an additional 325 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its stake in shares of Marriott International by 51.9% in the 4th quarter. Hanseatic Management Services Inc. now owns 433 shares of the company’s stock valued at $47,000 after purchasing an additional 148 shares during the last quarter. 65.83% of the stock is owned by institutional investors.
MAR traded up $2.54 during trading on Friday, reaching $122.16. The company had a trading volume of 100,976 shares, compared to its average volume of 2,098,429. The stock has a market capitalization of $40.99 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.83 and a beta of 1.22. Marriott International has a 12-month low of $100.62 and a 12-month high of $143.04. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a $0.41 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.34%. Marriott International’s payout ratio is 26.41%.
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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