Marriott International (MAR) Scheduled to Post Quarterly Earnings on Wednesday
Marriott International (NASDAQ:MAR) will be announcing its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $1.01 per share for the quarter.
Marriott International (NASDAQ:MAR) opened at $136.29 on Monday. Marriott International has a fifty-two week low of $85.63 and a fifty-two week high of $149.21. The company has a market cap of $49,690.00, a P/E ratio of 37.04, a PEG ratio of 2.21 and a beta of 1.35. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.83.
Marriott International declared that its Board of Directors has approved a stock buyback program on Thursday, November 9th that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
In related news, insider Craig S. Smith sold 5,840 shares of Marriott International stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $136.26, for a total value of $795,758.40. Following the transaction, the insider now directly owns 26,317 shares of the company’s stock, valued at $3,585,954.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Hippeau sold 4,863 shares of Marriott International stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $125.98, for a total transaction of $612,640.74. Following the completion of the transaction, the director now directly owns 34,245 shares in the company, valued at $4,314,185.10. The disclosure for this sale can be found here. Insiders sold 85,275 shares of company stock worth $11,098,100 over the last three months. 11.32% of the stock is currently owned by insiders.
Several research analysts have recently commented on MAR shares. Deutsche Bank reaffirmed a “hold” rating and set a $124.00 target price on shares of Marriott International in a report on Wednesday, December 6th. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a report on Friday, January 19th. SunTrust Banks raised their target price on shares of Marriott International to $108.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. Sanford C. Bernstein cut shares of Marriott International from an “outperform” rating to a “market perform” rating in a report on Thursday, November 16th. Finally, Robert W. Baird raised their target price on shares of Marriott International from $111.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $117.21.
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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