Marriott International Inc (NASDAQ:MAR) – Investment analysts at SunTrust Banks cut their Q3 2019 EPS estimates for Marriott International in a report issued on Tuesday, November 6th. SunTrust Banks analyst P. Scholes now anticipates that the company will earn $1.68 per share for the quarter, down from their previous estimate of $1.69. SunTrust Banks currently has a “Hold” rating and a $125.00 target price on the stock.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 5th. The company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.39. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share.
Shares of NASDAQ MAR opened at $117.04 on Thursday. The stock has a market capitalization of $39.62 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.66 and a beta of 1.38. The company has a quick ratio of 0.48, a current ratio of 0.46 and a debt-to-equity ratio of 3.75. Marriott International has a 52 week low of $106.96 and a 52 week high of $149.21.
Institutional investors have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd boosted its stake in Marriott International by 41.5% during the second quarter. IFM Investors Pty Ltd now owns 13,723 shares of the company’s stock worth $1,737,000 after buying an additional 4,022 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Marriott International by 12.5% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,407 shares of the company’s stock worth $685,000 after buying an additional 600 shares during the period. State of Alaska Department of Revenue boosted its stake in Marriott International by 4.0% during the second quarter. State of Alaska Department of Revenue now owns 46,881 shares of the company’s stock worth $5,933,000 after buying an additional 1,807 shares during the period. Xact Kapitalforvaltning AB boosted its stake in Marriott International by 14.4% during the second quarter. Xact Kapitalforvaltning AB now owns 36,403 shares of the company’s stock worth $4,609,000 after buying an additional 4,575 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its stake in Marriott International by 6.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 123,209 shares of the company’s stock worth $15,598,000 after buying an additional 7,209 shares during the period. Hedge funds and other institutional investors own 62.03% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.40%. The ex-dividend date is Tuesday, November 20th. Marriott International’s payout ratio is currently 37.61%.
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.
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