Analysts Expect Marriott International Inc (NASDAQ:MAR) Will Announce Quarterly Sales of $5.51 Billion

Equities research analysts predict that Marriott International Inc (NASDAQ:MAR) will post sales of $5.51 billion for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Marriott International’s earnings, with estimates ranging from $5.34 billion to $5.62 billion. Marriott International posted sales of $5.29 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 27th.

On average, analysts expect that Marriott International will report full year sales of $21.16 billion for the current year, with estimates ranging from $20.94 billion to $21.35 billion. For the next year, analysts anticipate that the business will post sales of $22.07 billion, with estimates ranging from $21.20 billion to $22.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Marriott International.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Marriott International had a net margin of 6.28% and a return on equity of 134.91%. Marriott International’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.70 earnings per share.

A number of research firms have recently issued reports on MAR. JPMorgan Chase & Co. dropped their price target on Marriott International from $134.00 to $128.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Sanford C. Bernstein initiated coverage on Marriott International in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $136.00 price objective for the company. Royal Bank of Canada increased their price objective on Marriott International from $146.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating and set a $152.00 price objective for the company in a research report on Friday. Finally, ValuEngine upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Marriott International has a consensus rating of “Hold” and a consensus target price of $137.29.

In other news, Director Argiris Kyriakidis sold 2,100 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $137.75, for a total transaction of $289,275.00. Following the completion of the transaction, the director now directly owns 12,008 shares in the company, valued at $1,654,102. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Arne M. Sorenson sold 47,824 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $142.26, for a total value of $6,803,442.24. Following the transaction, the chief executive officer now owns 734,598 shares of the company’s stock, valued at $104,503,911.48. The disclosure for this sale can be found here. Insiders sold 80,356 shares of company stock valued at $11,364,320 over the last quarter. 12.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rational Advisors LLC boosted its position in shares of Marriott International by 373.9% during the second quarter. Rational Advisors LLC now owns 218 shares of the company’s stock worth $31,000 after buying an additional 172 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Marriott International by 87.5% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 300 shares of the company’s stock worth $37,000 after buying an additional 140 shares during the period. NuWave Investment Management LLC boosted its position in shares of Marriott International by 50.5% during the third quarter. NuWave Investment Management LLC now owns 328 shares of the company’s stock worth $39,000 after buying an additional 110 shares during the period. Motco purchased a new position in shares of Marriott International during the second quarter worth $40,000. Finally, Massey Quick Simon & CO. LLC purchased a new position in shares of Marriott International during the third quarter worth $50,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Shares of MAR stock traded up $1.06 during trading hours on Wednesday, reaching $146.16. The company had a trading volume of 1,609,160 shares, compared to its average volume of 1,182,735. The company has a debt-to-equity ratio of 13.63, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a fifty day moving average of $135.14 and a 200-day moving average of $131.81. The company has a market capitalization of $46.67 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 3.69 and a beta of 1.30. Marriott International has a 12-month low of $100.62 and a 12-month high of $146.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a $0.48 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.92 annualized dividend and a yield of 1.31%. Marriott International’s payout ratio is 30.92%.

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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