Marriott International, Inc. (NASDAQ:MAR) Expected to Post Quarterly Sales of $2.53 Billion


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Brokerages expect that Marriott International, Inc. (NASDAQ:MAR) will report $2.53 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Marriott International’s earnings, with the highest sales estimate coming in at $2.86 billion and the lowest estimate coming in at $2.16 billion. Marriott International reported sales of $4.68 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 45.9%. The business is scheduled to announce its next earnings results on Monday, May 10th.

According to Zacks, analysts expect that Marriott International will report full year sales of $13.13 billion for the current fiscal year, with estimates ranging from $10.49 billion to $16.09 billion. For the next financial year, analysts expect that the firm will report sales of $17.71 billion, with estimates ranging from $11.82 billion to $23.59 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Marriott International.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Thursday, February 18th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. Marriott International had a return on equity of 188.71% and a net margin of 1.28%. During the same period in the previous year, the business earned $1.57 earnings per share.

MAR has been the subject of several research reports. Zacks Investment Research cut Marriott International from a “hold” rating to a “sell” rating and set a $98.00 price target for the company. in a report on Tuesday, November 3rd. Argus raised Marriott International from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Thursday, November 19th. Morgan Stanley raised their price objective on Marriott International from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Marriott International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $150.00 in a research note on Tuesday, December 15th. Finally, Wells Fargo & Company raised their price objective on Marriott International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $122.00.

In other Marriott International news, insider Craig S. Smith sold 7,803 shares of Marriott International stock in a transaction dated Tuesday, December 8th. The stock was sold at an average price of $132.32, for a total transaction of $1,032,492.96. Following the transaction, the insider now directly owns 27,880 shares of the company’s stock, valued at approximately $3,689,081.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William P. Brown sold 4,000 shares of Marriott International stock in a transaction dated Friday, December 4th. The stock was sold at an average price of $133.51, for a total value of $534,040.00. Following the transaction, the insider now directly owns 10,284 shares in the company, valued at $1,373,016.84. The disclosure for this sale can be found here. Insiders have sold a total of 111,803 shares of company stock worth $14,438,533 in the last 90 days. 12.77% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. FMR LLC raised its stake in Marriott International by 115.6% during the 4th quarter. FMR LLC now owns 16,806,126 shares of the company’s stock worth $2,217,064,000 after buying an additional 9,012,524 shares during the period. Eaton Vance Management raised its stake in Marriott International by 10.5% during the 4th quarter. Eaton Vance Management now owns 2,255,472 shares of the company’s stock worth $297,542,000 after buying an additional 214,867 shares during the period. AKO Capital LLP raised its stake in Marriott International by 6.9% during the 3rd quarter. AKO Capital LLP now owns 2,142,372 shares of the company’s stock worth $198,341,000 after buying an additional 138,802 shares during the period. Morgan Stanley raised its stake in Marriott International by 1.0% during the 4th quarter. Morgan Stanley now owns 1,961,466 shares of the company’s stock worth $258,757,000 after buying an additional 18,780 shares during the period. Finally, First Pacific Advisors LP raised its stake in Marriott International by 2.4% during the 4th quarter. First Pacific Advisors LP now owns 1,352,363 shares of the company’s stock worth $178,404,000 after buying an additional 31,527 shares during the period. 57.71% of the stock is currently owned by institutional investors.

NASDAQ:MAR traded up $6.64 during mid-day trading on Thursday, hitting $149.20. 338,117 shares of the stock were exchanged, compared to its average volume of 2,504,360. The stock has a market capitalization of $48.39 billion, a price-to-earnings ratio of 268.99 and a beta of 1.83. The firm’s 50-day simple moving average is $126.60 and its 200 day simple moving average is $113.42. The company has a debt-to-equity ratio of 42.27, a quick ratio of 0.59 and a current ratio of 0.59. Marriott International has a fifty-two week low of $46.56 and a fifty-two week high of $145.43.

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.

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Earnings History and Estimates for Marriott International (NASDAQ:MAR)

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