Brokerages forecast that Marriott International Inc (NASDAQ:MAR) will report sales of $5.73 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Marriott International’s earnings. The lowest sales estimate is $5.64 billion and the highest is $5.83 billion. Marriott International reported sales of $5.56 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The firm is expected to issue its next quarterly earnings results on Monday, May 14th.
According to Zacks, analysts expect that Marriott International will report full year sales of $5.73 billion for the current year, with estimates ranging from $23.01 billion to $24.66 billion. For the next financial year, analysts expect that the business will report sales of $24.99 billion per share, with estimates ranging from $23.59 billion to $26.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Marriott International.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The business 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%. Marriott International’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS.
A number of research firms have recently weighed in on MAR. Royal Bank of Canada raised their price target on shares of Marriott International to $159.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Deutsche Bank raised their price target on shares of Marriott International from $136.00 to $141.00 and gave the company a “hold” rating in a report on Friday, February 16th. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a report on Friday, January 19th. Susquehanna Bancshares reiterated a “positive” rating and issued a $161.00 target price (up from $145.00) on shares of Marriott International in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $132.00 target price on shares of Marriott International in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $122.38.
Marriott International (NASDAQ MAR) opened at $142.17 on Friday. The firm has a market cap of $51,830.00, a price-to-earnings ratio of 27.45, a PEG ratio of 2.53 and a beta of 1.35. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.46 and a current ratio of 0.46. Marriott International has a twelve month low of $85.63 and a twelve month high of $149.21.
Marriott International declared that its board has initiated 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be paid a $0.33 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.93%. Marriott International’s payout ratio is presently 25.48%.
In other Marriott International news, insider Deborah Marriott Harrison sold 80,000 shares of the firm’s stock in a transaction on 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 is accessible through the SEC website. Also, Director Susan C. Schwab purchased 250 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was bought 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 quarter. 11.32% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. grew its position in Marriott International by 3.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,331 shares of the company’s stock worth $1,538,000 after purchasing an additional 361 shares during the last quarter. Baird Financial Group Inc. grew its position in Marriott International by 1.4% in the 4th quarter. Baird Financial Group Inc. now owns 27,074 shares of the company’s stock worth $3,675,000 after purchasing an additional 376 shares during the last quarter. Advantus Capital Management Inc grew its position in Marriott International by 1.4% in the 3rd quarter. Advantus Capital Management Inc now owns 31,706 shares of the company’s stock worth $3,496,000 after purchasing an additional 426 shares during the last quarter. Piedmont Investment Advisors LLC grew its position in Marriott International by 0.6% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 71,759 shares of the company’s stock worth $7,912,000 after purchasing an additional 433 shares during the last quarter. Finally, HL Financial Services LLC grew its position in Marriott International by 2.5% in the 3rd quarter. HL Financial Services LLC now owns 17,941 shares of the company’s stock worth $1,978,000 after purchasing an additional 436 shares during the last quarter. Institutional investors own 66.19% of the company’s stock.
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Marriott International Company Profile
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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