Q3 2022 EPS Estimates for Marriott International, Inc. (NASDAQ:MAR) Lifted by Analyst

Marriott International, Inc. (NASDAQ:MAR – Get Rating) – Stock analysts at Jefferies Financial Group increased their Q3 2022 earnings per share (EPS) estimates for Marriott International in a note issued to investors on Tuesday, August 2nd. Jefferies Financial Group analyst D. Katz now forecasts that the company will post earnings of $1.68 per share for the quarter, up from their prior forecast of $1.65. The consensus estimate for Marriott International’s current full-year earnings is $6.54 per share. Jefferies Financial Group also issued estimates for Marriott International’s FY2022 earnings at $6.52 EPS, Q2 2023 earnings at $2.01 EPS, Q3 2023 earnings at $1.92 EPS, Q4 2023 earnings at $1.94 EPS, FY2023 earnings at $7.74 EPS and FY2024 earnings at $8.52 EPS.

Marriott International (NASDAQ:MAR – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.25. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $4.96 billion. Marriott International had a return on equity of 120.01% and a net margin of 9.72%. The business’s quarterly revenue was up 69.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share.

A number of other equities analysts have also weighed in on MAR. TheStreet lowered Marriott International from a “b-” rating to a “c+” rating in a research report on Thursday, June 30th. Stifel Nicolaus upped their price target on Marriott International from $150.00 to $161.00 in a report on Tuesday. Barclays upped their price target on Marriott International from $164.00 to $170.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on Marriott International from $164.00 to $155.00 in a report on Wednesday. Finally, Cowen decreased their price target on Marriott International to $170.00 in a report on Friday, July 22nd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $175.83.

Marriott International Price Performance

Marriott International stock opened at $157.01 on Friday. Marriott International has a one year low of $127.58 and a one year high of $195.90. The company has a debt-to-equity ratio of 4.64, a current ratio of 0.45 and a quick ratio of 0.53. The stock’s 50 day moving average is $151.40 and its 200 day moving average is $162.78. The firm has a market cap of $51.39 billion, a P/E ratio of 29.68, a P/E/G ratio of 0.58 and a beta of 1.62.

Hedge Funds Weigh In On Marriott International

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Marriott International by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 21,483,503 shares of the company’s stock worth $3,775,727,000 after acquiring an additional 527,427 shares during the last quarter. BlackRock Inc. grew its position in Marriott International by 0.8% during the 1st quarter. BlackRock Inc. now owns 15,956,130 shares of the company’s stock worth $2,804,289,000 after acquiring an additional 123,001 shares during the last quarter. State Street Corp grew its position in Marriott International by 5.3% during the 4th quarter. State Street Corp now owns 12,139,062 shares of the company’s stock worth $2,005,859,000 after acquiring an additional 609,192 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Marriott International by 16.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,570,396 shares of the company’s stock worth $1,330,497,000 after buying an additional 1,076,070 shares during the last quarter. Finally, Capital World Investors grew its position 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. 59.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marriott International news, Director Debra L. Lee sold 2,145 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $171.30, for a total value of $367,438.50. Following the sale, the director now owns 1,224 shares of the company’s stock, valued at approximately $209,671.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.21% of the stock is currently owned by insiders.

Marriott International Company Profile

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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.