Analysts predict that Marriott International Inc (NASDAQ:MAR) will post $5.61 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Marriott International’s earnings, with estimates ranging from $5.27 billion to $6.02 billion. Marriott International posted sales of $5.88 billion in the same quarter last year, which suggests a negative year over year growth rate of 4.6%. The firm is expected to report its next quarterly earnings report on Wednesday, February 13th.
On average, analysts expect that Marriott International will report full year sales of $20.98 billion for the current financial year, with estimates ranging from $20.67 billion to $21.42 billion. For the next financial year, analysts anticipate that the business will report sales of $21.92 billion, with estimates ranging from $20.92 billion to $22.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Marriott International.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.39. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.28 billion. Marriott International had a return on equity of 68.01% and a net margin of 7.95%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS.
Shares of NASDAQ:MAR traded up $1.61 during mid-day trading on Friday, reaching $117.17. 1,317,537 shares of the company traded hands, compared to its average volume of 2,629,004. The company has a market cap of $39.42 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The company has a current ratio of 0.46, a quick 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.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be issued a $0.41 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $1.64 dividend on an annualized basis and a yield of 1.40%. Marriott International’s dividend payout ratio is presently 37.61%.
In related news, Director Eric Hippeau sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $116.23, for a total value of $1,046,070.00. Following the transaction, the director now directly owns 21,762 shares of the company’s stock, valued at approximately $2,529,397.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.99% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments LLC raised its holdings in shares of Marriott International by 19.6% during the 3rd quarter. Atria Investments LLC now owns 2,561 shares of the company’s stock worth $338,000 after acquiring an additional 419 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Marriott International by 0.4% during the 3rd quarter. Bamco Inc. NY now owns 109,128 shares of the company’s stock worth $14,408,000 after acquiring an additional 439 shares in the last quarter. Dowling & Yahnke LLC raised its holdings in shares of Marriott International by 4.0% during the 2nd quarter. Dowling & Yahnke LLC now owns 11,690 shares of the company’s stock worth $1,480,000 after acquiring an additional 450 shares in the last quarter. Private Wealth Partners LLC raised its holdings in shares of Marriott International by 2.5% during the 2nd quarter. Private Wealth Partners LLC now owns 18,680 shares of the company’s stock worth $2,365,000 after acquiring an additional 450 shares in the last quarter. Finally, First Pacific Advisors LP raised its holdings in shares of Marriott International by 17.9% during the 3rd quarter. First Pacific Advisors LP now owns 3,300 shares of the company’s stock worth $436,000 after acquiring an additional 500 shares in the last quarter. 60.96% of the stock is currently owned by institutional investors and hedge funds.
Marriott International Company Profile
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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