Brokerages expect that Marriott International Inc (NASDAQ:MAR) will report $1.00 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Marriott International’s earnings. The highest EPS estimate is $1.03 and the lowest is $0.99. Marriott International reported earnings per share of $0.85 during the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The business is scheduled to report its next earnings report after the market closes on Wednesday, February 14th.
On average, analysts expect that Marriott International will report full year earnings of $4.24 per share for the current year, with EPS estimates ranging from $4.22 to $4.27. For the next fiscal year, analysts anticipate that the business will report earnings of $5.16 per share, with EPS estimates ranging from $4.68 to $5.64. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Marriott International.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the business earned $0.91 earnings per share. Marriott International’s revenue was up 43.7% compared to the same quarter last year.
In related news, insider Argiris Kyriakidis sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $121.55, for a total transaction of $303,875.00. Following the completion of the sale, the insider now directly owns 13,579 shares in the company, valued at $1,650,527.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Deborah Marriott Harrison sold 130,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $119.17, for a total transaction of $15,492,100.00. Following the sale, the insider now owns 114,155 shares of the company’s stock, valued at $13,603,851.35. The disclosure for this sale can be found here. Insiders have sold 221,825 shares of company stock valued at $27,378,820 over the last 90 days. 11.32% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of MAR. FMR LLC boosted its stake in Marriott International by 32.5% in the 2nd quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after purchasing an additional 3,780,639 shares during the period. Capital Research Global Investors boosted its stake in Marriott International by 7.2% in the 2nd quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after purchasing an additional 862,710 shares during the period. Janus Henderson Group PLC boosted its stake in Marriott International by 1,881.3% in the 2nd quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock worth $89,025,000 after purchasing an additional 842,696 shares during the period. Koch Industries Inc. acquired a new position in Marriott International in the 2nd quarter worth approximately $629,000. Finally, Gotham Asset Management LLC boosted its stake in Marriott International by 11,934.7% in the 2nd quarter. Gotham Asset Management LLC now owns 381,379 shares of the company’s stock worth $38,256,000 after purchasing an additional 378,210 shares during the period. 66.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Marriott International (NASDAQ:MAR) traded up $2.94 during trading hours on Friday, hitting $144.07. 3,267,115 shares of the company’s stock traded hands, compared to its average volume of 2,436,923. Marriott International has a 12 month low of $83.81 and a 12 month high of $144.07. The firm has a market capitalization of $52,530.00, a price-to-earnings ratio of 39.15, a P/E/G ratio of 2.35 and a beta of 1.35. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, November 22nd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Tuesday, November 21st. Marriott International’s payout ratio is 35.87%.
Marriott International announced that its Board of Directors has authorized a share buyback program on Thursday, November 9th that allows the company to buyback 30,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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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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