Brokerages expect Marriott International Inc (NASDAQ:MAR) to announce earnings per share of $1.40 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Marriott International’s earnings. The highest EPS estimate is $1.43 and the lowest is $1.38. Marriott International reported earnings of $1.12 per share in the same quarter last year, which would suggest a positive year over year growth rate of 25%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 13th.
On average, analysts expect that Marriott International will report full year earnings of $6.18 per share for the current year, with EPS estimates ranging from $6.15 to $6.21. For the next financial year, analysts anticipate that the business will post earnings of $6.32 per share, with EPS estimates ranging from $6.20 to $6.79. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Marriott International.
Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.39. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. The business had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the business posted $1.10 earnings per share. Marriott International’s revenue for the quarter was down .6% on a year-over-year basis.
A number of equities research analysts have recently weighed in on MAR shares. Cowen started coverage on shares of Marriott International in a report on Monday, October 22nd. They issued an “outperform” rating and a $140.00 price objective for the company. Zacks Investment Research lowered shares of Marriott International from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Morgan Stanley lowered their price objective on shares of Marriott International from $138.00 to $123.00 and set a “hold” rating for the company in a report on Thursday, November 8th. Finally, Jefferies Financial Group set a $124.00 price objective on shares of Marriott International and gave the stock a “hold” rating in a report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Marriott International currently has a consensus rating of “Hold” and an average price target of $139.80.
Marriott International stock traded down $4.07 during mid-day trading on Friday, hitting $111.25. 2,630,282 shares of the company traded hands, compared to its average volume of 2,188,836. Marriott International has a one year low of $106.96 and a one year high of $149.21. The firm has a market cap of $38.72 billion, a PE ratio of 25.52, a PEG ratio of 1.59 and a beta of 1.37. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.46 and a quick ratio of 0.46.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, November 20th. Marriott International’s payout ratio is 37.61%.
In related news, Director Eric Hippeau sold 9,000 shares of Marriott International stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $116.23, for a total value of $1,046,070.00. Following the transaction, the director now directly owns 21,762 shares of the company’s stock, valued at $2,529,397.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.99% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors increased its position in Marriott International by 27.3% during the 3rd quarter. Capital Research Global Investors now owns 18,626,031 shares of the company’s stock valued at $2,459,195,000 after purchasing an additional 3,997,729 shares during the period. FMR LLC increased its position in Marriott International by 2.0% during the 2nd quarter. FMR LLC now owns 15,041,003 shares of the company’s stock valued at $1,904,190,000 after purchasing an additional 295,877 shares during the period. Capital World Investors increased its position in Marriott International by 600.5% during the 3rd quarter. Capital World Investors now owns 8,329,319 shares of the company’s stock valued at $1,099,720,000 after purchasing an additional 7,140,319 shares during the period. Capital International Investors increased its position in Marriott International by 499.8% during the 3rd quarter. Capital International Investors now owns 3,245,752 shares of the company’s stock valued at $428,537,000 after purchasing an additional 2,704,623 shares during the period. Finally, Morgan Stanley increased its position in Marriott International by 117.0% during the 3rd quarter. Morgan Stanley now owns 2,539,940 shares of the company’s stock valued at $335,349,000 after purchasing an additional 1,369,478 shares during the period. 63.48% of the stock is currently owned by institutional investors.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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