Wall Street brokerages predict that Marriott International Inc (NASDAQ:MAR) will post $5.13 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Marriott International’s earnings, with estimates ranging from $5.06 billion to $5.29 billion. Marriott International reported sales of $5.01 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 14th.
On average, analysts expect that Marriott International will report full-year sales of $21.62 billion for the current year, with estimates ranging from $20.96 billion to $22.18 billion. For the next year, analysts anticipate that the firm will report sales of $22.48 billion, with estimates ranging from $21.27 billion to $23.57 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Marriott International.
Marriott International (NASDAQ:MAR) last released its earnings results on Thursday, February 28th. The company reported $1.44 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 period in the prior year, the company earned $1.12 earnings per share.
In other news, insider William P. Brown sold 11,640 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total transaction of $1,414,609.20. Following the completion of the sale, the insider now owns 5,704 shares in the company, valued at approximately $693,207.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig S. Smith sold 16,743 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $120.35, for a total value of $2,015,020.05. Following the sale, the insider now owns 7,754 shares of the company’s stock, valued at approximately $933,193.90. The disclosure for this sale can be found here. Insiders sold a total of 28,410 shares of company stock valued at $3,432,989 in the last 90 days. 12.99% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of Marriott International by 93.7% in the 4th quarter. Proficio Capital Partners LLC now owns 308 shares of the company’s stock valued at $33,000 after purchasing an additional 149 shares in the last quarter. Clean Yield Group acquired a new position in shares of Marriott International in the 4th quarter valued at approximately $41,000. Bessemer Group Inc. raised its position in shares of Marriott International by 532.8% in the 4th quarter. Bessemer Group Inc. now owns 386 shares of the company’s stock valued at $42,000 after purchasing an additional 325 shares in the last quarter. Lindbrook Capital LLC acquired a new position in shares of Marriott International in the 4th quarter valued at approximately $42,000. Finally, Hanseatic Management Services Inc. raised its position in shares of Marriott International by 51.9% in the 4th quarter. Hanseatic Management Services Inc. now owns 433 shares of the company’s stock valued at $47,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.
MAR stock traded up $2.54 during trading on Tuesday, hitting $122.16. The stock had a trading volume of 100,976 shares, compared to its average volume of 2,098,429. Marriott International has a 1-year low of $100.62 and a 1-year high of $143.04. The company has a market capitalization of $40.99 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.83 and a beta of 1.22. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.83.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, February 28th. Marriott International’s dividend payout ratio (DPR) is 26.41%.
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.
Further Reading: Quiet Period
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.