Marriott International, Inc. (NASDAQ:MAR) Expected to Post Earnings of $1.54 Per Share

Wall Street brokerages forecast that Marriott International, Inc. (NASDAQ:MARGet Rating) will announce earnings of $1.54 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Marriott International’s earnings. The lowest EPS estimate is $1.41 and the highest is $1.69. Marriott International reported earnings per share of $0.79 in the same quarter last year, which would suggest a positive year over year growth rate of 94.9%. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Marriott International will report full-year earnings of $5.97 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $6.20. For the next year, analysts expect that the company will post earnings of $7.31 per share, with EPS estimates ranging from $6.44 to $7.64. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Marriott International.

Marriott International (NASDAQ:MARGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.30. Marriott International had a return on equity of 116.74% and a net margin of 9.45%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the prior year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 81.3% on a year-over-year basis.

A number of research firms have recently commented on MAR. Zacks Investment Research downgraded Marriott International from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a report on Thursday, April 21st. Loop Capital raised their price target on Marriott International from $163.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, February 16th. Morgan Stanley raised their price target on Marriott International from $158.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 16th. StockNews.com started coverage on Marriott International in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Marriott International from $150.00 to $164.00 and gave the stock a “hold” rating in a research note on Wednesday, February 16th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $183.30.

MAR opened at $172.56 on Friday. Marriott International has a one year low of $127.23 and a one year high of $195.90. The company has a market cap of $56.48 billion, a P/E ratio of 38.26 and a beta of 1.57. The company has a debt-to-equity ratio of 4.93, a quick ratio of 0.53 and a current ratio of 0.53. The business’s 50-day simple moving average is $171.57 and its 200-day simple moving average is $165.21.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Monday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. Marriott International’s payout ratio is 26.61%.

In related news, insider William P. Brown sold 581 shares of Marriott International stock in a transaction on Friday, March 25th. The stock was sold at an average price of $171.34, for a total transaction of $99,548.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig S. Smith sold 3,647 shares of Marriott International stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $185.00, for a total value of $674,695.00. Following the transaction, the insider now directly owns 19,252 shares of the company’s stock, valued at $3,561,620. The disclosure for this sale can be found here. 12.21% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. JFS Wealth Advisors LLC increased its position in Marriott International by 10.9% during the first quarter. JFS Wealth Advisors LLC now owns 582 shares of the company’s stock worth $102,000 after buying an additional 57 shares in the last quarter. Laurel Wealth Advisors Inc. increased its position in Marriott International by 0.9% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 6,984 shares of the company’s stock worth $1,154,000 after buying an additional 60 shares in the last quarter. Investors Research Corp increased its position in Marriott International by 6.2% during the first quarter. Investors Research Corp now owns 1,062 shares of the company’s stock worth $187,000 after buying an additional 62 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in Marriott International by 14.3% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 510 shares of the company’s stock worth $84,000 after buying an additional 64 shares in the last quarter. Finally, Tandem Capital Management Corp ADV increased its position in Marriott International by 0.4% during the first quarter. Tandem Capital Management Corp ADV now owns 17,639 shares of the company’s stock worth $3,166,000 after buying an additional 66 shares in the last quarter. 59.86% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Marriott International (NASDAQ:MAR)

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