Marriott International (MAR) Posts Earnings Results, Beats Expectations By $0.12 EPS

Marriott International (NASDAQ:MAR) released its quarterly earnings data on Wednesday. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.12, Bloomberg Earnings reports. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis.

Shares of Marriott International (MAR) traded up $4.63 during midday trading on Wednesday, hitting $145.24. The stock had a trading volume of 3,555,037 shares, compared to its average volume of 2,340,000. The company has a market cap of $52,950.00, a PE ratio of 39.47, a price-to-earnings-growth ratio of 2.26 and a beta of 1.35. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52. Marriott International has a 12 month low of $85.63 and a 12 month high of $149.21.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, February 22nd. Marriott International’s payout ratio is 35.87%.

Marriott International declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Eric Hippeau sold 4,863 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was 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 owns 34,245 shares in the company, valued at approximately $4,314,185.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce W. Duncan sold 1,808 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $129.70, for a total value of $234,497.60. Following the completion of the transaction, the director now owns 40,008 shares of the company’s stock, valued at approximately $5,189,037.60. The disclosure for this sale can be found here. Insiders sold a total of 82,775 shares of company stock valued at $10,794,225 in the last 90 days. 11.32% of the stock is owned by corporate insiders.

A number of analysts recently commented on MAR shares. Morgan Stanley restated a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. Royal Bank of Canada restated a “buy” rating on shares of Marriott International in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Thursday, October 26th. BidaskClub cut Marriott International from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Finally, Barclays increased their target price on Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $119.64.

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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.

Earnings History for Marriott International (NASDAQ:MAR)

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