Analysts Anticipate Marriott International Inc (NASDAQ:MAR) to Announce $1.57 EPS

Wall Street analysts expect Marriott International Inc (NASDAQ:MAR) to announce earnings of $1.57 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Marriott International’s earnings, with estimates ranging from $1.55 to $1.60. Marriott International posted earnings per share of $1.73 during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.2%. The business is expected to report its next earnings results on Monday, August 5th.

On average, analysts expect that Marriott International will report full year earnings of $6.10 per share for the current fiscal year, with EPS estimates ranging from $6.03 to $6.16. For the next financial year, analysts forecast that the firm will report earnings of $6.88 per share, with EPS estimates ranging from $6.75 to $6.97. Zacks’ EPS averages are an average based on a survey of research analysts that follow Marriott International.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Friday, May 10th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same period in the prior year, the company posted $1.34 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year.

A number of brokerages have issued reports on MAR. JPMorgan Chase & Co. lowered Marriott International from an “overweight” rating to a “neutral” rating and set a $138.00 price target for the company. in a research note on Tuesday. They noted that the move was a valuation call. BidaskClub lowered Marriott International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Citigroup increased their price target on Marriott International from $117.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Wells Fargo & Co increased their price target on Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Finally, Morgan Stanley set a $117.00 price target on Marriott International and gave the company a “hold” rating in a research note on Thursday, March 28th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $136.36.

MAR stock traded down $1.82 on Tuesday, reaching $139.48. The company’s stock had a trading volume of 94,986 shares, compared to its average volume of 1,391,666. Marriott International has a 52 week low of $100.62 and a 52 week high of $142.90. The company has a market capitalization of $47.29 billion, a P/E ratio of 22.47, a P/E/G ratio of 3.11 and a beta of 1.26. The business has a fifty day simple moving average of $132.87. The company has a debt-to-equity ratio of 6.81, a current ratio of 0.47 and a quick ratio of 0.47.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.41. Marriott International’s dividend payout ratio is 30.92%.

In other news, insider Argiris Kyriakidis sold 7,964 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $139.78, for a total value of $1,113,207.92. Following the completion of the sale, the insider now owns 72,837 shares in the company, valued at $10,181,155.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Margaret M. Mccarthy bought 2,000 shares of Marriott International stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average price of $130.83 per share, with a total value of $261,660.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $261,660. The disclosure for this purchase can be found here. Insiders have sold a total of 80,004 shares of company stock valued at $10,676,926 in the last quarter. Insiders own 12.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAR. Calton & Associates Inc. acquired a new position in Marriott International during the second quarter worth $210,000. Carroll Financial Associates Inc. grew its position in shares of Marriott International by 9.6% in the second quarter. Carroll Financial Associates Inc. now owns 1,763 shares of the company’s stock valued at $247,000 after purchasing an additional 155 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Marriott International in the second quarter valued at about $22,390,000. Rockland Trust Co. grew its position in shares of Marriott International by 2.4% in the second quarter. Rockland Trust Co. now owns 5,058 shares of the company’s stock valued at $710,000 after purchasing an additional 118 shares during the last quarter. Finally, Weaver Consulting Group acquired a new stake in shares of Marriott International in the first quarter valued at about $55,000. Institutional investors own 62.79% of the company’s stock.

Marriott International Company Profile

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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Earnings History and Estimates for Marriott International (NASDAQ:MAR)

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