Marriott International Inc (NASDAQ:MAR) Expected to Announce Earnings of $1.46 Per Share

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Brokerages expect that Marriott International Inc (NASDAQ:MAR) will post earnings of $1.46 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Marriott International’s earnings. The highest EPS estimate is $1.47 and the lowest is $1.46. Marriott International posted earnings per share of $1.44 during the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The business is expected to announce its next earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Marriott International will report full year earnings of $5.91 per share for the current fiscal year, with EPS estimates ranging from $5.89 to $5.95. For the next year, analysts forecast that the company will post earnings of $6.57 per share, with EPS estimates ranging from $6.45 to $6.82. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Marriott International.

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

MAR has been the subject of a number of recent research reports. Nomura decreased their target price on Marriott International from $181.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Deutsche Bank reissued a “hold” rating and issued a $123.00 target price on shares of Marriott International in a research report on Wednesday, November 6th. Morgan Stanley raised their target price on Marriott International from $123.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. ValuEngine raised Marriott International from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $128.00 target price on shares of Marriott International in a research report on Wednesday, November 6th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $135.50.

NASDAQ:MAR traded up $0.35 during trading hours on Friday, reaching $136.03. The stock had a trading volume of 15,590 shares, compared to its average volume of 1,538,747. 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 50 day simple moving average of $125.77 and a 200 day simple moving average of $130.86. Marriott International has a 12-month low of $100.62 and a 12-month high of $144.24. The stock has a market cap of $44.31 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 3.50 and a beta of 1.27.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, November 20th. Marriott International’s dividend payout ratio (DPR) is presently 30.92%.

In related news, Director George Munoz sold 4,866 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $133.61, for a total value of $650,146.26. Following the transaction, the director now directly owns 6,754 shares of the company’s stock, valued at approximately $902,401.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Argiris Kyriakidis sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $134.21, for a total value of $147,631.00. Following the completion of the transaction, the director now directly owns 14,108 shares in the company, valued at $1,893,434.68. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Alpha Cubed Investments LLC lifted its holdings in shares of Marriott International by 4.0% during the 2nd quarter. Alpha Cubed Investments LLC now owns 2,123 shares of the company’s stock valued at $298,000 after buying an additional 82 shares during the period. Patten Group Inc. increased its stake in shares of Marriott International by 0.8% in the 2nd quarter. Patten Group Inc. now owns 10,586 shares of the company’s stock worth $1,485,000 after purchasing an additional 88 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Marriott International by 1.1% in the 3rd quarter. Wetherby Asset Management Inc. now owns 8,552 shares of the company’s stock worth $1,064,000 after purchasing an additional 89 shares in the last quarter. Northstar Group Inc. increased its stake in shares of Marriott International by 4.8% in the 3rd quarter. Northstar Group Inc. now owns 1,956 shares of the company’s stock worth $243,000 after purchasing an additional 90 shares in the last quarter. Finally, Zeke Capital Advisors LLC increased its stake in shares of Marriott International by 1.7% in the 2nd quarter. Zeke Capital Advisors LLC now owns 5,383 shares of the company’s stock worth $755,000 after purchasing an additional 92 shares in the last quarter. 63.97% of the stock is currently owned by institutional investors and hedge funds.

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.

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