Marriott International Inc (MAR) Issues FY14 Earnings Guidance
Marriott International Inc (NYSE:MAR) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.40-2.51 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.48, Stock Ratings Network reports. Marriott International also updated its Q3 guidance to $0.59-0.63 EPS.
Marriott International Inc (NYSE:MAR) traded down 0.73% during mid-day trading on Tuesday, hitting $65.69. The stock had a trading volume of 3,227,153 shares. Marriott International Inc has a 52 week low of $39.58 and a 52 week high of $67.12. The stock has a 50-day moving average of $64.27 and a 200-day moving average of $57.23. The company has a market cap of $19.232 billion and a price-to-earnings ratio of 30.91.
Marriott International (NYSE:MAR) last released its earnings data on Tuesday, July 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.53 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Marriott International Inc will post $2.47 EPS for the current fiscal year.
A number of analysts have recently weighed in on MAR shares. Analysts at Susquehanna raised their price target on shares of Marriott International from $67.00 to $76.00 in a research note on Wednesday, July 23rd. On a related note, analysts at Deutsche Bank reiterated a hold rating on shares of Marriott International in a research note on Wednesday, July 9th. They now have a $60.00 price target on the stock, up previously from $58.00. Finally, analysts at Argus raised their price target on shares of Marriott International from $70.00 to $75.00 in a research note on Tuesday, July 8th. They now have a buy rating on the stock. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $62.50.
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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