Analysts expect Marriott International Inc (NASDAQ:MAR) to post earnings per share of $1.25 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Marriott International’s earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.15. Marriott International posted earnings of $1.01 per share during the same quarter last year, which would indicate a positive year over year growth rate of 23.8%. The firm is scheduled to announce its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that Marriott International will report full-year earnings of $5.33 per share for the current financial year, with EPS estimates ranging from $5.21 to $5.39. For the next financial year, analysts expect that the business will report earnings of $6.05 per share, with EPS estimates ranging from $5.75 to $6.26. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Marriott International.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.12. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.61 billion. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS.
Several research analysts recently commented on MAR shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Marriott International in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research note on Friday, January 19th. BidaskClub downgraded shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Morgan Stanley reaffirmed a “buy” rating on shares of Marriott International in a research note on Friday, December 8th. Finally, Barclays raised their price target on shares of Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $122.38.
Marriott International (MAR) opened at $142.17 on Thursday. The company has a market cap of $50,816.82, a PE ratio of 32.61, a P/E/G ratio of 2.54 and a beta of 1.35. Marriott International has a 12 month low of $85.63 and a 12 month high of $149.21. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.10.
Marriott International announced that its board has authorized a share repurchase plan on Thursday, November 9th that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, February 22nd. Marriott International’s dividend payout ratio is currently 36.67%.
In other news, insider Deborah Marriott Harrison sold 80,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $140.94, for a total value of $11,275,200.00. Following the sale, the insider now directly owns 116,092 shares in the company, valued at approximately $16,362,006.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schwab purchased 250 shares of the stock in a transaction dated Thursday, February 22nd. The stock was purchased at an average price of $141.47 per share, for a total transaction of $35,367.50. The disclosure for this purchase can be found here. Insiders sold a total of 144,974 shares of company stock worth $19,851,576 over the last 90 days. Company insiders own 11.32% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in shares of Marriott International by 0.8% in the 3rd quarter. California Public Employees Retirement System now owns 823,377 shares of the company’s stock valued at $90,786,000 after purchasing an additional 6,837 shares during the last quarter. Rockefeller Financial Services Inc. raised its position in shares of Marriott International by 2,222.2% in the 4th quarter. Rockefeller Financial Services Inc. now owns 41,800 shares of the company’s stock valued at $5,674,000 after purchasing an additional 40,000 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Marriott International by 0.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 467,559 shares of the company’s stock valued at $51,553,000 after purchasing an additional 3,140 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Marriott International by 3.7% in the 3rd quarter. Wells Fargo & Company MN now owns 1,305,913 shares of the company’s stock valued at $143,989,000 after purchasing an additional 46,517 shares during the last quarter. Finally, Carderock Capital Management Inc. raised its position in shares of Marriott International by 7.9% in the 3rd quarter. Carderock Capital Management Inc. now owns 11,397 shares of the company’s stock valued at $1,257,000 after purchasing an additional 839 shares during the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.
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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