Marriott International (NASDAQ:MAR) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Marriott International (NASDAQ:MAR) announced its quarterly earnings data on Monday. The company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.18, FiscalAI reports. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $6.93 billion.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $399.30 on Monday. The stock has a market cap of $104.13 billion, a PE ratio of 41.38, a PEG ratio of 3.04 and a beta of 1.15. The business has a fifty day moving average of $360.20 and a two-hundred day moving average of $355.73. Marriott International has a 52-week low of $256.76 and a 52-week high of $410.98.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, August 20th. Marriott International’s dividend payout ratio is currently 30.26%.

Marriott International News Roundup

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott’s upcoming earnings remain a potential catalyst. Analysts are focused on revenue per available room (RevPAR), fee income and cost controls, with expectations for higher earnings and revenue. MAR Gears Up for Q3 Earnings: RevPAR and Fee Growth in Focus
• Positive Sentiment: Marriott continues to expand its global hotel pipeline. Planned developments include a 282-room JW Marriott resort in Fiji, a Courtyard by Marriott in Takayama, Japan, and the company’s first EDITION hotel in Africa, in Cape Town. These projects could support long-term fee growth and brand visibility. JW Marriott brand to debut in Fiji Courtyard by Marriott in Takayama Marriott opens first African EDITION
• Neutral Sentiment: Marriott confirmed corporate job cuts. The move could improve operating efficiency and support margins, although it also signals efforts to manage costs amid an uncertain economic environment. Marriott Confirms Corporate Job Cuts
• Negative Sentiment: Evercore ISI lowered its price target for MAR to $400 from $420, reducing a valuation-related support for the shares. Evercore ISI Adjusts Price Target on Marriott
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Marriott stock on October 27, creating near-term technical selling pressure. ETFs Are Net Sellers of Marriott
• Negative Sentiment: Investors are also assessing the potential effect of the Iran war and broader economic uncertainty on travel demand, costs and Marriott’s growth outlook ahead of earnings. Marriott shares in focus ahead of Q3 earnings

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird cut their price target on Marriott International from $394.00 to $393.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. CICC Research assumed coverage on shares of Marriott International in a research note on Wednesday, August 12th. They issued an “outperform” rating and a $410.00 price objective for the company. China Intl Cap upgraded Marriott International to a “strong-buy” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group reduced their price target on shares of Marriott International from $405.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Marriott International from $388.00 to $406.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $383.52.

Insider Activity

In other news, insider David Marriott sold 3,500 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the sale, the insider owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. This represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deborah Harrison sold 3,500 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the sale, the insider owned 282,383 shares of the company’s stock, valued at $99,424,230.47. This trade represents a 1.22% decrease in their position. The SEC filing for this sale provides additional information. 11.43% of the stock is currently owned by corporate insiders.

Marriott International Company Profile

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.