Marriott International Inc (MAR) Expected to Announce Quarterly Sales of $5.13 Billion
Wall Street brokerages expect Marriott International Inc (NASDAQ:MAR) to announce $5.13 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Marriott International’s earnings, with estimates ranging from $5.06 billion to $5.29 billion. Marriott International posted sales of $5.01 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The company is expected to issue its next quarterly earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that Marriott International will report full-year sales of $21.62 billion for the current financial year, with estimates ranging from $20.96 billion to $22.18 billion. For the next year, analysts expect that the company will report sales of $22.48 billion, with estimates ranging from $21.27 billion to $23.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Marriott International.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Thursday, February 28th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Marriott International had a return on equity of 80.36% and a net margin of 8.74%. During the same quarter in the prior year, the company posted $1.12 earnings per share.
MAR stock traded up $2.54 during mid-day trading on Tuesday, reaching $122.16. 100,976 shares of the company traded hands, compared to its average volume of 2,098,429. The company has a market capitalization of $40.99 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.83 and a beta of 1.22. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.42 and a current ratio of 0.42. Marriott International has a fifty-two week low of $100.62 and a fifty-two week high of $143.04.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a $0.41 dividend. The ex-dividend date is Thursday, February 28th. This represents a $1.64 annualized dividend and a yield of 1.34%. Marriott International’s payout ratio is 26.41%.
In related news, insider William P. Brown sold 11,640 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total value of $1,414,609.20. Following the transaction, the insider now owns 5,704 shares in the company, valued at $693,207.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Craig S. Smith sold 16,743 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $120.35, for a total value of $2,015,020.05. Following the completion of the transaction, the insider now owns 7,754 shares in the company, valued at approximately $933,193.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,410 shares of company stock worth $3,432,989. 12.99% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. raised its holdings in Marriott International by 9.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 78,101 shares of the company’s stock valued at $10,311,000 after acquiring an additional 6,915 shares during the period. Victory Capital Management Inc. raised its holdings in Marriott International by 20.5% during the 3rd quarter. Victory Capital Management Inc. now owns 36,715 shares of the company’s stock valued at $4,847,000 after acquiring an additional 6,251 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Marriott International by 7.2% in the third quarter. Wells Fargo & Company MN now owns 736,189 shares of the company’s stock worth $97,199,000 after purchasing an additional 49,235 shares during the period. Gulf International Bank UK Ltd increased its holdings in shares of Marriott International by 6.3% in the third quarter. Gulf International Bank UK Ltd now owns 25,181 shares of the company’s stock worth $3,324,000 after purchasing an additional 1,500 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Marriott International by 4.2% in the third quarter. Janney Montgomery Scott LLC now owns 28,326 shares of the company’s stock worth $3,740,000 after purchasing an additional 1,151 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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