Equities analysts forecast that Marriott International Inc (NASDAQ:MAR) will post sales of $5.63 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued 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 company is scheduled to report 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 $22.56 billion to $22.80 billion. For the next year, analysts forecast that the company will post sales of $23.83 billion per share, with estimates ranging from $23.01 billion to $25.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Marriott International.
Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the firm posted $0.91 EPS. The business’s quarterly revenue was up 43.7% on a year-over-year basis.
In other Marriott International news, insider Craig S. Smith sold 5,840 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $136.26, for a total value of $795,758.40. Following the completion of the sale, 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 available through this link. Also, insider David A. Rodriguez sold 7,600 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $133.09, for a total transaction of $1,011,484.00. Following the completion of the sale, the insider now directly owns 13,624 shares of the company’s stock, valued at $1,813,218.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 221,825 shares of company stock valued at $27,378,820. 11.32% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Shelton Capital Management lifted its position in shares of Marriott International by 27.2% in the 4th quarter. Shelton Capital Management now owns 39,975 shares of the company’s stock worth $5,426,000 after purchasing an additional 8,560 shares during the period. D Orazio & Associates Inc. lifted its position in shares of Marriott International by 4.2% in the 4th quarter. D Orazio & Associates Inc. now owns 11,031 shares of the company’s stock worth $1,497,000 after purchasing an additional 443 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Marriott International by 1,766.8% in the 4th quarter. Teacher Retirement System of Texas now owns 189,029 shares of the company’s stock worth $25,657,000 after purchasing an additional 178,903 shares during the period. AE Wealth Management LLC purchased a new stake in shares of Marriott International in the 4th quarter worth approximately $257,000. Finally, ING Groep NV lifted its position in shares of Marriott International by 71.4% in the 4th quarter. ING Groep NV now owns 4,943 shares of the company’s stock worth $671,000 after purchasing an additional 2,059 shares during the period. 66.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Marriott International (NASDAQ MAR) opened at $140.03 on Wednesday. Marriott International has a fifty-two week low of $85.37 and a fifty-two week high of $149.21. 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 has a market cap of $51,050.00, a PE ratio of 38.05, a PEG ratio of 2.29 and a beta of 1.35.
Marriott International declared that its board has approved a share repurchase program on Thursday, November 9th that permits the company to buyback 30,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.