Marriott International (MAR) to Release Quarterly Earnings on Wednesday
Marriott International (NYSE:MAR) will be posting its Q313 quarterly earnings results on Wednesday, October 30th. Analysts expect Marriott International to post earnings of $0.45 per share and revenue of $3.05 billion for the quarter. Marriott International has set its FY13 guidance at $1.92-2.03 EPS.
Marriott International (NYSE:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.57. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter last year, the company posted $0.42 earnings per share. Marriott International’s revenue was up 17.5% compared to the same quarter last year. On average, analysts expect Marriott International to post $1.99 EPS for the current fiscal year and $2.33 EPS for the next fiscal year.
Shares of Marriott International (NYSE:MAR) opened at 44.10 on Tuesday. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company has a market cap of $13.370 billion and a P/E ratio of 22.07.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley initiated coverage on shares of Marriott International in a research note to investors on Wednesday, October 23rd. They set an “equal weight” rating on the stock. On the ratings front, analysts at Credit Suisse reiterated a “focus list” rating on shares of Marriott International in a research note to investors on Tuesday, October 22nd. They now have a $50.00 price target on the stock. Finally, analysts at MKM Partners downgraded shares of Marriott International from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 22nd. They now have a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Marriott International currently has a consensus rating of “Buy” and an average target price of $45.29.
Marriott International, Inc is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories.
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