Brokerages Anticipate Marriott International (NASDAQ:MAR) Will Announce Earnings of $1.02 Per Share
Wall Street analysts predict that Marriott International (NASDAQ:MAR) will post earnings per share of $1.02 for the current quarter, Zacks reports. Three analysts have provided estimates for Marriott International’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.04. Marriott International reported earnings per share of $1.03 during the same quarter last year, which suggests a negative year-over-year growth rate of 1%. The firm is expected to report its next earnings report after the market closes on Monday, August 7th.
According to Zacks, analysts expect that Marriott International will report full year earnings of $4.05 per share for the current fiscal year, with EPS estimates ranging from $4.01 to $4.10. For the next financial year, analysts forecast that the business will report earnings of $4.63 per share, with EPS estimates ranging from $4.28 to $4.87. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Marriott International.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.28 billion. Marriott International had a return on equity of 38.10% and a net margin of 4.91%. The company’s revenue for the quarter was up 47.4% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS.
A number of research firms recently commented on MAR. J P Morgan Chase & Co upped their price objective on Marriott International from $98.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday, March 22nd. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, May 31st. Canaccord Genuity reiterated a “buy” rating and issued a $113.00 price objective (up from $100.00) on shares of Marriott International in a report on Monday, May 8th. Instinet upped their price objective on Marriott International from $100.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, Goldman Sachs Group, Inc. (The) upped their price objective on Marriott International from $103.00 to $105.00 and gave the company a “conviction-buy” rating in a report on Thursday, March 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Marriott International has a consensus rating of “Hold” and an average price target of $97.97.
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In related news, EVP Anthony Capuano sold 5,000 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $100.72, for a total value of $503,600.00. Following the transaction, the executive vice president now owns 56,405 shares of the company’s stock, valued at $5,681,111.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary K. Bush sold 1,200 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $100.89, for a total value of $121,068.00. Following the completion of the transaction, the director now directly owns 1,101 shares in the company, valued at approximately $111,079.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,117 shares of company stock worth $5,685,295. Insiders own 17.07% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in Marriott International during the first quarter valued at approximately $115,000. High Point Bank & Trust Co. raised its position in Marriott International by 11.5% in the fourth quarter. High Point Bank & Trust Co. now owns 1,450 shares of the company’s stock valued at $120,000 after buying an additional 149 shares during the period. TrimTabs Asset Management LLC raised its position in Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock valued at $147,000 after buying an additional 736 shares during the period. North Star Investment Management Corp. raised its position in Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock valued at $159,000 after buying an additional 50 shares during the period. Finally, First Bank & Trust raised its position in Marriott International by 3.6% in the first quarter. First Bank & Trust now owns 1,681 shares of the company’s stock valued at $158,000 after buying an additional 59 shares during the period. 66.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Marriott International (NASDAQ:MAR) opened at 102.00 on Wednesday. The stock has a 50 day moving average price of $103.32 and a 200 day moving average price of $94.10. The company has a market capitalization of $38.65 billion, a price-to-earnings ratio of 36.13 and a beta of 1.35. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, May 19th were paid a $0.33 dividend. This is a boost from Marriott International’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, May 17th. Marriott International’s dividend payout ratio (DPR) is presently 47.48%.
Marriott International Company Profile
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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