Analysts forecast that Marriott International Inc (NASDAQ:MAR) will announce sales of $6.01 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Marriott International’s earnings, with the highest sales estimate coming in at $6.14 billion and the lowest estimate coming in at $5.94 billion. Marriott International posted sales of $5.80 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The business is expected to announce its next quarterly earnings results on Monday, August 6th.
On average, analysts expect that Marriott International will report full-year sales of $22.53 billion for the current financial year, with estimates ranging from $21.20 billion to $23.24 billion. For the next year, analysts anticipate that the firm will report sales of $23.64 billion per share, with estimates ranging from $22.82 billion to $24.68 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Marriott International.
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Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, May 8th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.78 billion. Marriott International had a return on equity of 41.82% and a net margin of 6.29%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Marriott International from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $146.00 to $155.00 in a research report on Thursday, May 17th. Deutsche Bank restated a “hold” rating and issued a $141.00 target price on shares of Marriott International in a research report on Thursday, May 10th. Robert W. Baird reiterated a “hold” rating and set a $138.00 price objective on shares of Marriott International in a research report on Thursday, April 19th. Finally, ValuEngine upgraded Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $133.15.
In other Marriott International news, Director Mary K. Bush sold 2,184 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $138.84, for a total transaction of $303,226.56. Following the sale, the director now directly owns 275 shares of the company’s stock, valued at approximately $38,181. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Blake Marriott sold 1,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $143.83, for a total transaction of $143,830.00. Following the sale, the insider now directly owns 144,601 shares in the company, valued at $20,797,961.83. The disclosure for this sale can be found here. Insiders have sold a total of 17,606 shares of company stock valued at $2,477,674 in the last quarter. Insiders own 12.99% of the company’s stock.
A number of large investors have recently made changes to their positions in MAR. Suntrust Banks Inc. increased its stake in shares of Marriott International by 3.3% in the first quarter. Suntrust Banks Inc. now owns 59,612 shares of the company’s stock worth $8,105,000 after acquiring an additional 1,897 shares during the last quarter. Amalgamated Bank increased its stake in shares of Marriott International by 10.7% in the first quarter. Amalgamated Bank now owns 44,563 shares of the company’s stock worth $6,060,000 after acquiring an additional 4,323 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of Marriott International by 46.4% in the first quarter. Summit Trail Advisors LLC now owns 3,937 shares of the company’s stock worth $262,000 after acquiring an additional 1,248 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of Marriott International by 75.3% in the first quarter. CIBC World Markets Inc. now owns 39,078 shares of the company’s stock worth $5,314,000 after acquiring an additional 16,785 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new position in shares of Marriott International in the first quarter worth $256,000. 63.95% of the stock is currently owned by institutional investors.
MAR traded up $0.10 during trading on Monday, reaching $137.97. The stock had a trading volume of 1,396,668 shares, compared to its average volume of 1,884,553. The company has a market capitalization of $48.72 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 2.17 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.49 and a quick ratio of 0.49. Marriott International has a 1-year low of $96.90 and a 1-year high of $149.21.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 18th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, May 17th. This is an increase from Marriott International’s previous quarterly dividend of $0.33. Marriott International’s dividend payout ratio is 37.61%.
Marriott International Company Profile
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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