Marriott International, Inc. Forecasted to Post Q1 2022 Earnings of $0.99 Per Share (NASDAQ:MAR)

Marriott International, Inc. (NASDAQ:MARGet Rating) – Equities researchers at Jefferies Financial Group cut their Q1 2022 EPS estimates for shares of Marriott International in a research note issued to investors on Monday, April 18th. Jefferies Financial Group analyst D. Katz now forecasts that the company will earn $0.99 per share for the quarter, down from their previous forecast of $1.12. Jefferies Financial Group currently has a “Buy” rating and a $208.00 target price on the stock. Jefferies Financial Group also issued estimates for Marriott International’s FY2022 earnings at $5.70 EPS and FY2023 earnings at $7.15 EPS.

Several other brokerages have also weighed in on MAR. Loop Capital increased their target price on Marriott International from $163.00 to $170.00 and gave the stock a “hold” rating in a research report on Wednesday, February 16th. Wells Fargo & Company lifted their price objective on Marriott International from $185.00 to $199.00 in a research note on Wednesday, February 16th. StockNews.com initiated coverage on shares of Marriott International in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley increased their price objective on shares of Marriott International from $158.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 16th. Finally, TheStreet raised shares of Marriott International from a “c+” rating to a “b-” rating in a research report on Monday, March 21st. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $179.36.

NASDAQ:MAR opened at $190.30 on Thursday. Marriott International has a fifty-two week low of $127.23 and a fifty-two week high of $193.79. The firm’s 50 day moving average is $170.80 and its two-hundred day moving average is $163.14. The company has a market cap of $62.28 billion, a P/E ratio of 56.98 and a beta of 1.69. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 6.60.

Marriott International (NASDAQ:MARGet Rating) last posted its quarterly earnings data on Tuesday, February 15th. The company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.28. Marriott International had a net margin of 7.93% and a return on equity of 125.04%. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was up 104.7% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired a new stake in shares of Marriott International during the fourth quarter worth $25,000. Riverview Trust Co acquired a new stake in Marriott International during the first quarter worth about $26,000. CVA Family Office LLC bought a new position in Marriott International in the fourth quarter worth about $27,000. Sterling Investment Advisors Ltd. bought a new position in shares of Marriott International during the fourth quarter valued at approximately $29,000. Finally, Consolidated Planning Corp acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $30,000. 59.16% of the stock is owned by hedge funds and other institutional investors.

In other Marriott International news, President Stephanie Linnartz sold 2,448 shares of the stock in a transaction on Friday, February 18th. The shares were sold at an average price of $178.54, for a total transaction of $437,065.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William P. Brown sold 2,826 shares of the business’s stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $179.82, for a total transaction of $508,171.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,726 shares of company stock valued at $3,003,209. 12.21% of the stock is currently owned by corporate insiders.

Marriott International Company Profile (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International 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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Earnings History and Estimates for Marriott International (NASDAQ:MAR)

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