Marriott International (MAR) Set to Announce Quarterly Earnings on Tuesday
Marriott International (NASDAQ:MAR) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Marriott International has set its Q3 guidance at $0.96-0.99 EPS and its FY17 guidance at $4.06-4.18 EPS.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. The business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The firm’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. On average, analysts expect Marriott International to post $4.14 EPS for the current fiscal year and $4.7 EPS for the next fiscal year.
Shares of Marriott International (NASDAQ:MAR) opened at 118.99 on Tuesday. The company has a 50 day moving average price of $111.46 and a 200 day moving average price of $104.17. The company has a market capitalization of $44.31 billion, a PE ratio of 39.05 and a beta of 1.36. Marriott International has a 52 week low of $67.74 and a 52 week high of $119.43.
MAR has been the subject of several analyst reports. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. Robert W. Baird set a $103.00 price objective on shares of Marriott International and gave the stock a “hold” rating in a report on Tuesday, October 17th. UBS AG reaffirmed a “neutral” rating and set a $101.00 price objective (up from $98.00) on shares of Marriott International in a report on Monday, August 14th. Finally, Wolfe Research raised shares of Marriott International from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $101.36.
In other Marriott International news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $99.84, for a total value of $2,995,200.00. Following the transaction, the insider now owns 493,896 shares in the company, valued at $49,310,576.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward A. Ryan sold 6,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.00, for a total transaction of $648,000.00. Following the completion of the transaction, the executive vice president now owns 74,406 shares in the company, valued at approximately $8,035,848. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,727 shares of company stock worth $11,339,600. 11.32% of the stock is owned by corporate insiders.
About Marriott International
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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