Wall Street analysts expect Marriott International Inc (NASDAQ:MAR) to announce $1.00 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Marriott International’s earnings, with estimates ranging from $0.99 to $1.02. Marriott International reported earnings per share of $0.85 in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.6%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 21st.
On average, analysts expect that Marriott International will report full year earnings of $4.24 per share for the current year, with EPS estimates ranging from $4.23 to $4.26. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.79 per share, with EPS estimates ranging from $4.65 to $5.17. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Marriott International.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The company’s revenue was up 43.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share.
MAR has been the topic of a number of recent analyst reports. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Marriott International in a research report on Tuesday, November 7th. Sanford C. Bernstein lowered Marriott International from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 16th. Morgan Stanley reaffirmed a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. Finally, BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 5th. One equities 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. Marriott International has a consensus rating of “Buy” and a consensus price target of $111.62.
In other news, Director Eric Hippeau sold 4,863 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $125.98, for a total transaction of $612,640.74. Following the completion of the sale, the director now owns 34,245 shares in the company, valued at approximately $4,314,185.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Deborah Marriott Harrison sold 130,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $119.17, for a total value of $15,492,100.00. Following the sale, the insider now owns 114,155 shares of the company’s stock, valued at approximately $13,603,851.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,825 shares of company stock worth $27,378,820. Insiders own 11.32% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its stake in Marriott International by 1,490.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after purchasing an additional 1,058 shares during the period. First Quadrant L P CA bought a new stake in Marriott International during the 3rd quarter valued at approximately $136,000. Grove Bank & Trust boosted its stake in Marriott International by 214.8% during the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after purchasing an additional 840 shares during the period. Carroll Financial Associates Inc. boosted its stake in Marriott International by 175.6% during the 3rd quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after purchasing an additional 843 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in Marriott International by 28.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,572 shares of the company’s stock valued at $158,000 after purchasing an additional 345 shares during the period. Institutional investors own 66.65% of the company’s stock.
Shares of Marriott International (MAR) traded down $0.75 during trading on Tuesday, hitting $135.70. The stock had a trading volume of 3,186,900 shares, compared to its average volume of 2,547,933. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $49,000.00, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 3.02 and a beta of 1.35. Marriott International has a twelve month low of $81.04 and a twelve month high of $137.60.
Marriott International declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 9th that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
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 0.97%. The ex-dividend date was Tuesday, November 21st. Marriott International’s payout ratio is currently 35.87%.
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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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