Equities analysts predict that Marriott International, Inc. (NASDAQ:MAR – Get Rating) will report sales of $5.04 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Marriott International’s earnings. The lowest sales estimate is $4.87 billion and the highest is $5.31 billion. Marriott International reported sales of $3.15 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 60%. The company is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Marriott International will report full year sales of $19.80 billion for the current fiscal year, with estimates ranging from $19.34 billion to $20.41 billion. For the next fiscal year, analysts forecast that the company will report sales of $22.02 billion, with estimates ranging from $20.91 billion to $23.72 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Marriott International.
Marriott International (NASDAQ:MAR – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.30. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.23 billion. Marriott International had a net margin of 9.45% and a return on equity of 116.74%. The business’s quarterly revenue was up 81.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share.
MAR stock opened at $172.52 on Monday. The company’s 50-day moving average is $172.00 and its 200-day moving average is $165.16. The company has a debt-to-equity ratio of 4.93, a current ratio of 0.53 and a quick ratio of 0.57. Marriott International has a 1 year low of $127.23 and a 1 year high of $195.90. The stock has a market capitalization of $56.46 billion, a PE ratio of 38.25 and a beta of 1.57.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Monday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, May 13th.
In related news, insider William P. Brown sold 2,826 shares of the business’s stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $179.82, for a total transaction of $508,171.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 10,071 shares of the company’s stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $180.21, for a total transaction of $1,814,894.91. The disclosure for this sale can be found here. Insiders have sold a total of 20,373 shares of company stock worth $3,677,904 in the last ninety days. Insiders own 12.21% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Marriott International by 0.9% during the 4th quarter. BlackRock Inc. now owns 15,833,129 shares of the company’s stock worth $2,616,267,000 after acquiring an additional 135,812 shares during the last quarter. State Street Corp lifted its stake in shares of Marriott International by 5.3% during the 4th quarter. State Street Corp now owns 12,139,062 shares of the company’s stock valued at $2,005,859,000 after buying an additional 609,192 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Marriott International by 9.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,494,326 shares of the company’s stock valued at $1,073,124,000 after buying an additional 548,671 shares in the last quarter. Capital World Investors increased its holdings in shares of Marriott International by 0.6% in the 4th quarter. Capital World Investors now owns 5,535,829 shares of the company’s stock worth $914,740,000 after buying an additional 32,934 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Marriott International by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 4,435,619 shares of the company’s stock valued at $730,760,000 after purchasing an additional 113,388 shares during the last quarter. Institutional investors and hedge funds own 59.86% of the company’s stock.
About Marriott International (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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