Marriott International Inc (NASDAQ:MAR) – Investment analysts at SunTrust Banks lowered their FY2019 EPS estimates for Marriott International in a research note issued on Wednesday, November 6th. SunTrust Banks analyst P. Scholes now forecasts that the company will earn $5.91 per share for the year, down from their previous forecast of $6.01. SunTrust Banks also issued estimates for Marriott International’s Q4 2019 earnings at $1.47 EPS, Q1 2020 earnings at $1.50 EPS, Q2 2020 earnings at $1.77 EPS, Q3 2020 earnings at $1.77 EPS, Q4 2020 earnings at $1.66 EPS and FY2020 earnings at $6.70 EPS.
Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Marriott International had a net margin of 6.28% and a return on equity of 117.92%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 earnings per share.
Other equities research analysts also recently issued reports about the stock. Deutsche Bank reaffirmed a “hold” rating and issued a $123.00 target price on shares of Marriott International in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Marriott International from $146.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Cowen set a $140.00 target price on shares of Marriott International and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Co lowered their target price on shares of Marriott International from $135.00 to $130.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Finally, ValuEngine raised shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $135.60.
MAR traded down $0.44 on Friday, reaching $132.62. The company had a trading volume of 14,241 shares, compared to its average volume of 1,519,985. The business has a 50 day simple moving average of $123.85 and a 200 day simple moving average of $130.94. The company has a market cap of $44.03 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 3.42 and a beta of 1.27. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. Marriott International has a 52-week low of $100.62 and a 52-week high of $144.24.
Several institutional investors have recently modified their holdings of MAR. Rockland Trust Co. grew its holdings in shares of Marriott International by 2.4% in the second quarter. Rockland Trust Co. now owns 5,058 shares of the company’s stock worth $710,000 after purchasing an additional 118 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Marriott International in the second quarter valued at $22,390,000. Carroll Financial Associates Inc. boosted its holdings in Marriott International by 9.6% in the second quarter. Carroll Financial Associates Inc. now owns 1,763 shares of the company’s stock valued at $247,000 after acquiring an additional 155 shares in the last quarter. Calton & Associates Inc. bought a new stake in Marriott International in the second quarter valued at $210,000. Finally, New England Research & Management Inc. bought a new stake in Marriott International in the second quarter valued at $203,000. Hedge funds and other institutional investors own 63.31% of the company’s stock.
In other Marriott International news, Director Bruce W. Duncan sold 3,376 shares of Marriott International stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total transaction of $446,172.16. Following the transaction, the director now directly owns 14,600 shares of the company’s stock, valued at $1,929,536. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Munoz sold 4,866 shares of Marriott International stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $133.61, for a total transaction of $650,146.26. Following the transaction, the director now directly owns 6,754 shares in the company, valued at $902,401.94. The disclosure for this sale can be found here. Insiders have sold 23,157 shares of company stock worth $3,008,421 over the last three months. Insiders own 12.60% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.45%. Marriott International’s dividend payout ratio (DPR) is presently 30.92%.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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