Marriott International (MAR) Expected to Announce Earnings of $1.00 Per Share
Brokerages expect that Marriott International (NASDAQ:MAR) will announce earnings per share (EPS) of $1.00 for the current quarter, according to Zacks. Three analysts have made estimates for Marriott International’s earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.99. Marriott International reported earnings of $0.85 per share in the same quarter last year, which suggests a positive year over year growth rate of 17.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Marriott International will report full-year earnings of $4.24 per share for the current financial year, with EPS estimates ranging from $4.23 to $4.26. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.79 per share, with EPS estimates ranging from $4.65 to $5.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Marriott International.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was up 43.7% compared to the same quarter last year.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $115.00 target price (up previously from $98.00) on shares of Marriott International in a report on Wednesday, November 8th. Robert W. Baird boosted their target price on Marriott International from $111.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday. Finally, UBS AG reiterated a “neutral” rating and set a $101.00 target price (up previously from $98.00) on shares of Marriott International in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $106.64.
In other news, insider Deborah Marriott Harrison sold 130,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $119.17, for a total transaction of $15,492,100.00. Following the completion of the transaction, the insider now directly owns 114,155 shares in the company, valued at approximately $13,603,851.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Juliana B. Marriott sold 8,400 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $100.51, for a total value of $844,284.00. Following the transaction, the insider now owns 18,000 shares of the company’s stock, valued at $1,809,180. The disclosure for this sale can be found here. In the last 90 days, insiders sold 210,727 shares of company stock valued at $23,836,500. 11.32% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in MAR. Oppenheimer Asset Management Inc. purchased a new position in shares of Marriott International during the 1st quarter valued at approximately $115,000. Fox Run Management L.L.C. acquired a new stake in shares of Marriott International during the 2nd quarter valued at approximately $562,000. Capital One National Association acquired a new stake in shares of Marriott International during the 2nd quarter valued at approximately $222,000. Atria Investments LLC acquired a new stake in shares of Marriott International during the 2nd quarter valued at approximately $233,000. Finally, Bank of Montreal Can raised its position in shares of Marriott International by 21.1% during the 2nd quarter. Bank of Montreal Can now owns 200,301 shares of the company’s stock valued at $20,091,000 after acquiring an additional 34,937 shares in the last quarter. Institutional investors own 65.88% of the company’s stock.
Marriott International (NASDAQ:MAR) traded up $1.30 during midday trading on Friday, hitting $120.11. 3,377,000 shares of the stock were exchanged, compared to its average volume of 2,456,549. Marriott International has a one year low of $72.75 and a one year high of $124.34. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market cap of $43,789.86, a P/E ratio of 29.37, a P/E/G ratio of 3.00 and a beta of 1.34.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, November 21st. Marriott International’s dividend payout ratio is presently 35.87%.
Marriott International declared that its board has authorized a share buyback program on Thursday, November 9th that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Marriott International Company Profile
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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