Zacks: Analysts Anticipate Marriott International (MAR) Will Post Earnings of $0.98 Per Share
Wall Street analysts predict that Marriott International (NASDAQ:MAR) will report earnings per share (EPS) of $0.98 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Marriott International’s earnings. The highest EPS estimate is $1.00 and the lowest is $0.97. Marriott International posted earnings of $0.91 per share during the same quarter last year, which suggests a positive year over year growth rate of 7.7%. The company is expected to announce its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that Marriott International will report full-year earnings of $4.14 per share for the current financial year, with EPS estimates ranging from $4.12 to $4.16. For the next financial year, analysts forecast that the business will post earnings of $4.69 per share, with EPS estimates ranging from $4.51 to $5.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Marriott International.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The company had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 48.5% on a year-over-year basis.
Several equities research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Marriott International from $101.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, August 8th. BidaskClub raised shares of Marriott International from a “hold” rating to a “buy” rating in a report on Monday, July 24th. UBS AG reissued a “neutral” rating and issued a $101.00 target price (up from $98.00) on shares of Marriott International in a report on Monday, August 14th. Zacks Investment Research lowered shares of Marriott International from a “buy” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $109.00 target price (up from $92.00) on shares of Marriott International in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $100.81.
Shares of Marriott International (NASDAQ MAR) opened at 106.77 on Thursday. Marriott International has a one year low of $65.91 and a one year high of $110.51. The company has a market cap of $39.76 billion, a P/E ratio of 35.04 and a beta of 1.36. The stock’s 50 day moving average is $102.14 and its 200-day moving average is $98.79.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, August 22nd. Marriott International’s dividend payout ratio (DPR) is presently 45.52%.
In related news, EVP Edward A. Ryan sold 3,300 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $104.65, for a total value of $345,345.00. Following the completion of the sale, the executive vice president now directly owns 84,859 shares in the company, valued at $8,880,494.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the completion of the sale, the insider now owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,491 shares of company stock valued at $9,857,627. 11.32% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MAR. Advisory Services Network LLC lifted its position in Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after buying an additional 1,058 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Marriott International in the first quarter worth $115,000. Baker Ellis Asset Management LLC bought a new stake in Marriott International in the second quarter worth $133,000. TrimTabs Asset Management LLC lifted its position in Marriott International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock worth $147,000 after buying an additional 736 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its position in Marriott International by 3.3% in the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock worth $159,000 after buying an additional 50 shares during the last quarter. Institutional investors own 65.93% of the company’s stock.
About Marriott International
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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