Wall Street brokerages expect that Marriott International Inc (NASDAQ:MAR) will announce sales of $5.53 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Marriott International’s earnings. The highest sales estimate is $5.69 billion and the lowest is $5.40 billion. Marriott International reported sales of $5.35 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The company is scheduled to issue its next quarterly earnings results on Monday, August 5th.
According to Zacks, analysts expect that Marriott International will report full-year sales of $21.50 billion for the current fiscal year, with estimates ranging from $20.93 billion to $21.89 billion. For the next year, analysts expect that the company will report sales of $22.45 billion, with estimates ranging from $21.29 billion to $23.33 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Marriott International.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Friday, May 10th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.07. The business had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.16 billion. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS.
Several analysts have recently weighed in on the company. Morgan Stanley set a $117.00 target price on Marriott International and gave the company a “hold” rating in a report on Thursday, March 28th. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a report on Friday, April 5th. 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. JPMorgan Chase & Co. started coverage on Marriott International in a report on Monday, June 3rd. They set a “neutral” rating and a $89.90 target price on the stock. Finally, 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. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Marriott International presently has a consensus rating of “Hold” and a consensus price target of $132.92.
In related news, Director Margaret M. Mccarthy purchased 2,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average price of $130.83 per share, with a total value of $261,660.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $261,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Munoz sold 3,428 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $125.20, for a total value of $429,185.60. Following the completion of the transaction, the director now directly owns 11,620 shares in the company, valued at approximately $1,454,824. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,004 shares of company stock worth $10,676,926. 12.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Marriott International in the fourth quarter valued at about $310,004,000. Zimmer Partners LP acquired a new stake in Marriott International in the 4th quarter valued at $51,566,000. Geode Capital Management LLC increased its stake in Marriott International by 13.4% in the 4th quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock valued at $411,201,000 after buying an additional 448,325 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Marriott International by 794.2% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 432,810 shares of the company’s stock valued at $54,140,000 after buying an additional 384,410 shares during the last quarter. Finally, AKO Capital LLP increased its stake in Marriott International by 42.3% in the 1st quarter. AKO Capital LLP now owns 1,213,779 shares of the company’s stock valued at $151,832,000 after buying an additional 360,836 shares during the last quarter. 62.79% of the stock is currently owned by institutional investors.
NASDAQ:MAR opened at $142.01 on Thursday. The business’s 50-day simple moving average is $132.24. The firm has a market cap of $47.29 billion, a PE ratio of 22.87, a P/E/G ratio of 3.11 and a beta of 1.26. Marriott International has a 1 year low of $100.62 and a 1 year high of $142.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 6.81.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were issued a dividend of $0.48 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, May 23rd. This represents a $1.92 annualized dividend and a yield of 1.35%. Marriott International’s payout ratio is presently 30.92%.
Marriott International Company Profile
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.
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