Marriott International (NASDAQ:MAR) updated its fourth quarter 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.53-1.58 for the period. Marriott International also updated its FY 2019 guidance to $5.97-6.06 EPS.
Several equities research analysts recently weighed in on the company. BidaskClub lowered Marriott International from a strong-buy rating to a buy rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered Marriott International from an overweight rating to a neutral rating and set a $138.00 target price for the company. in a report on Tuesday, July 9th. They noted that the move was a valuation call. Wells Fargo & Co boosted their target price on Marriott International from $123.00 to $141.00 and gave the stock a market perform rating in a report on Wednesday, April 24th. Citigroup boosted their target price on Marriott International from $117.00 to $135.00 and gave the stock a neutral rating in a report on Tuesday, May 21st. Finally, Longbow Research lowered Marriott International from a buy rating to a neutral rating in a report on Monday, July 15th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $136.36.
Shares of MAR stock traded down $5.64 during trading hours on Monday, reaching $130.34. 2,623,486 shares of the company’s stock were exchanged, compared to its average volume of 1,793,069. Marriott International has a fifty-two week low of $100.62 and a fifty-two week high of $144.24. The company has a market capitalization of $43.40 billion, a PE ratio of 20.99, a P/E/G ratio of 3.01 and a beta of 1.27. The business’s fifty day simple moving average is $139.05. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 6.81.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Friday, May 10th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the company earned $1.34 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Marriott International will post 6.09 earnings per share for the current fiscal year.
In other Marriott International news, Director Margaret M. Mccarthy purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $130.83 per share, for a total transaction of $261,660.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $261,660. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Argiris Kyriakidis sold 7,964 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $139.78, for a total value of $1,113,207.92. Following the transaction, the insider now owns 72,837 shares of the company’s stock, valued at $10,181,155.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,004 shares of company stock valued at $10,676,926. Corporate insiders own 12.60% of the company’s stock.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
Further Reading: Preferred Stock
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