Equities analysts expect that Marriott International Inc (NASDAQ:MAR) will announce $5.63 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Marriott International’s earnings, with the highest sales estimate coming in at $5.74 billion and the lowest estimate coming in at $5.54 billion. Marriott International reported sales of $5.46 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The firm is expected to report its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Marriott International will report full-year sales of $5.63 billion for the current fiscal year, with estimates ranging from $22.56 billion to $22.79 billion. For the next fiscal year, analysts expect that the firm will report sales of $23.82 billion per share, with estimates ranging from $23.00 billion to $25.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Marriott International.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.22 billion. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The company’s revenue was up 43.7% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share.
In other Marriott International news, insider Argiris Kyriakidis sold 4,605 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $126.33, for a total value of $581,749.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eric Hippeau sold 4,863 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $125.98, for a total transaction of $612,640.74. Following the completion of the sale, the director now owns 34,245 shares in the company, valued at $4,314,185.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,325 shares of company stock worth $24,996,011. Insiders own 11.32% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of MAR. FMR LLC raised its holdings in shares of Marriott International by 32.5% during the second quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after acquiring an additional 3,780,639 shares during the period. Capital Research Global Investors raised its holdings in shares of Marriott International by 7.2% during the second quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after acquiring an additional 862,710 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Marriott International by 1,881.3% during the second quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock worth $89,025,000 after acquiring an additional 842,696 shares during the period. Koch Industries Inc. acquired a new stake in shares of Marriott International during the second quarter worth $629,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Marriott International by 385.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 707,256 shares of the company’s stock worth $70,945,000 after acquiring an additional 561,707 shares during the period. Institutional investors own 66.81% of the company’s stock.
Marriott International (MAR) traded up $0.51 during midday trading on Friday, hitting $127.00. 3,102,600 shares of the stock traded hands, compared to its average volume of 2,472,610. The firm has a market capitalization of $46,265.37, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.17 and a beta of 1.34. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.83. Marriott International has a 12 month low of $78.03 and a 12 month high of $128.37.
Marriott International declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 9th that allows the company to repurchase 30,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd will be paid a $0.33 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $1.32 dividend on an annualized basis and a yield of 1.04%. Marriott International’s payout ratio is presently 35.87%.
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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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