Marriott International Inc (MAR) Expected to Announce Earnings of $1.34 Per Share

Brokerages predict that Marriott International Inc (NASDAQ:MAR) will post earnings per share (EPS) of $1.34 for the current quarter, according to Zacks. Five analysts have made estimates for Marriott International’s earnings. The lowest EPS estimate is $1.31 and the highest is $1.37. Marriott International also reported earnings of $1.34 per share during the same quarter last year. The company is scheduled to issue its next earnings results on Tuesday, May 14th.

On average, analysts expect that Marriott International will report full year earnings of $6.05 per share for the current year, with EPS estimates ranging from $6.01 to $6.14. For the next year, analysts expect that the business will post earnings of $6.86 per share, with EPS estimates ranging from $6.76 to $6.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Marriott International.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Thursday, February 28th. The company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.04. Marriott International had a net margin of 8.74% and a return on equity of 80.36%. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same period last year, the business earned $1.12 EPS.

A number of brokerages have recently weighed in on MAR. Wells Fargo & Co raised their price objective on shares of Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Morgan Stanley set a $117.00 target price on shares of Marriott International and gave the company a “hold” rating in a research report on Thursday, March 28th. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. BidaskClub downgraded shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Cowen reaffirmed a “buy” rating and issued a $150.00 target price on shares of Marriott International in a research report on Tuesday, February 26th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $136.29.

In other Marriott International news, CEO Arne M. Sorenson sold 63,726 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $124.15, for a total transaction of $7,911,582.90. Following the transaction, the chief executive officer now directly owns 750,500 shares of the company’s stock, valued at approximately $93,174,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig S. Smith sold 16,743 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $120.35, for a total transaction of $2,015,020.05. Following the transaction, the insider now directly owns 7,754 shares in the company, valued at $933,193.90. The disclosure for this sale can be found here. Insiders have sold a total of 136,730 shares of company stock worth $16,924,619 over the last three months. 12.99% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of MAR. Proficio Capital Partners LLC lifted its stake 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 worth $33,000 after acquiring an additional 149 shares during the period. Clean Yield Group acquired a new stake in shares of Marriott International in the 4th quarter worth $41,000. Bessemer Group Inc. lifted its stake in shares of Marriott International by 532.8% in the 4th quarter. Bessemer Group Inc. now owns 386 shares of the company’s stock worth $42,000 after acquiring an additional 325 shares during the period. Lindbrook Capital LLC acquired a new stake in shares of Marriott International in the 4th quarter worth $42,000. Finally, Hanseatic Management Services Inc. lifted its stake 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 worth $47,000 after acquiring an additional 148 shares during the period. 67.44% of the stock is currently owned by institutional investors.

Shares of MAR opened at $136.45 on Wednesday. Marriott International has a twelve month low of $100.62 and a twelve month high of $142.19. The firm has a market capitalization of $45.94 billion, a PE ratio of 21.97, a PEG ratio of 2.09 and a beta of 1.21. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.83.

About Marriott International

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.

Featured Article: What factors cause inflation to rise?

Get a free copy of the Zacks research report on Marriott International (MAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.