Marriott International (MAR) to Release Quarterly Earnings on Tuesday
Marriott International (NYSE:MAR) is set to announce its Q114 earnings results on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $3.30 billion for the quarter. Marriott International has set its Q1 guidance at $0.47-0.52 EPS and its FY14 guidance at $2.29-2.45 EPS.
Marriott International (NYSE:MAR) last released its earnings data on Wednesday, February 19th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.01. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.32 billion. On average, analysts expect Marriott International to post $2.41 EPS for the current fiscal year and $2.82 EPS for the next fiscal year.
Shares of Marriott International (NYSE:MAR) opened at 57.23 on Monday. Marriott International has a 52 week low of $38.17 and a 52 week high of $57.85. The stock’s 50-day moving average is $55.53 and its 200-day moving average is $49.77. The company has a market cap of $16.873 billion and a P/E ratio of 28.82.
Several analysts have recently commented on the stock. Analysts at Telsey Advisory Group set a $60.00 price target on shares of Marriott International in a research note on Tuesday, April 22nd. They now have a “not rated” rating on the stock. On the ratings front, analysts at Credit Suisse raised their price target on shares of Marriott International from $55.00 to $60.00 in a research note on Friday, April 4th. They now have an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Marriott International from $54.00 to $59.00 in a research note on Friday, March 28th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $56.14.
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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