Marriott International (NASDAQ:MAR) Issues Q1 Earnings Guidance

Marriott International (NASDAQ:MAR) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.47-1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.45. Marriott International also updated its FY 2020
After-Hours guidance to 6.30-6.53 EPS.

A number of research firms recently issued reports on MAR. BidaskClub lowered Marriott International from a hold rating to a sell rating in a report on Tuesday, February 18th. Morgan Stanley raised their price target on Marriott International from $123.00 to $135.00 and gave the stock an equal weight rating in a report on Thursday, January 9th. ValuEngine raised Marriott International from a sell rating to a hold rating in a report on Friday, February 21st. Barclays raised their price target on Marriott International from $135.00 to $147.00 and gave the stock an equal weight rating in a report on Tuesday, December 24th. They noted that the move was a valuation call. Finally, Raymond James lowered Marriott International from an outperform rating to a market perform rating and set a $145.00 price target on the stock. in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. Marriott International presently has a consensus rating of Hold and a consensus price target of $140.33.

MAR traded down $3.89 during trading on Wednesday, reaching $120.19. The company’s stock had a trading volume of 4,961,219 shares, compared to its average volume of 1,878,462. Marriott International has a 52-week low of $116.85 and a 52-week high of $153.39. The company’s fifty day moving average price is $144.41 and its 200-day moving average price is $135.71. The company has a market capitalization of $39.29 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 3.16 and a beta of 1.31. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.92%.

In other Marriott International news, Director Argiris Kyriakidis sold 2,300 shares of Marriott International stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $148.92, for a total value of $342,516.00. Following the sale, the director now owns 5,808 shares of the company’s stock, valued at approximately $864,927.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Juliana B. Marriott sold 20,000 shares of Marriott International stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $148.93, for a total value of $2,978,600.00. Following the completion of the sale, the insider now directly owns 18,000 shares in the company, valued at approximately $2,680,740. The disclosure for this sale can be found here. Insiders sold a total of 114,562 shares of company stock worth $16,543,861 in the last ninety days. 12.60% of the stock is owned by corporate insiders.

Marriott International Company Profile

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

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