$5.63 Billion in Sales Expected for Marriott International Inc (MAR) This Quarter

Analysts expect that Marriott International Inc (NASDAQ:MAR) will post $5.63 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marriott International’s earnings, with the lowest sales estimate coming in at $5.54 billion and the highest estimate coming in at $5.74 billion. Marriott International reported sales of $5.46 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The company is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 14th.

According to Zacks, analysts expect that Marriott International will report full-year sales of $5.63 billion for the current year, with estimates ranging from $22.41 billion to $22.76 billion. For the next year, analysts anticipate that the firm will report sales of $23.82 billion per share, with estimates ranging from $23.01 billion to $25.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Marriott International.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.98 by $0.12. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 43.7% compared to the same quarter last year.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a report on Friday. Stifel Nicolaus reissued a “hold” rating and set a $132.00 price objective on shares of Marriott International in a research report on Tuesday, January 9th. BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Morgan Stanley reissued a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. Finally, Deutsche Bank reissued a “hold” rating and set a $124.00 price objective on shares of Marriott International in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $114.26.

Marriott International (NASDAQ MAR) opened at $144.07 on Friday. Marriott International has a fifty-two week low of $83.81 and a fifty-two week high of $144.07. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $53,620.00, a price-to-earnings ratio of 39.15, a PEG ratio of 2.29 and a beta of 1.35.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Tuesday, November 21st. Marriott International’s dividend payout ratio is currently 35.87%.

Marriott International declared that its board has authorized a stock repurchase plan on Thursday, November 9th that permits the company to repurchase 30,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other Marriott International news, insider Craig S. Smith sold 5,840 shares of Marriott International stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $136.26, for a total value of $795,758.40. Following the completion of the transaction, the insider now directly owns 26,317 shares of the company’s stock, valued at approximately $3,585,954.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Hippeau sold 4,863 shares of Marriott International stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $125.98, for a total value of $612,640.74. Following the completion of the transaction, the director now directly owns 34,245 shares of the company’s stock, valued at $4,314,185.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,825 shares of company stock valued at $27,378,820. 11.32% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Marriott International in the 4th quarter valued at about $1,306,000. State of Alaska Department of Revenue boosted its stake in shares of Marriott International by 277.2% in the 4th quarter. State of Alaska Department of Revenue now owns 38,524 shares of the company’s stock valued at $5,228,000 after buying an additional 28,311 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Marriott International in the 4th quarter valued at about $360,000. CAPROCK Group Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at about $246,000. Finally, Creative Planning boosted its stake in shares of Marriott International by 6.5% in the 4th quarter. Creative Planning now owns 29,816 shares of the company’s stock valued at $4,047,000 after buying an additional 1,823 shares during the period. Institutional investors and hedge funds own 66.67% of the company’s stock.

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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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