Zacks: Analysts Anticipate Marriott International Inc (NASDAQ:MAR) to Post $1.56 Earnings Per Share
Wall Street brokerages expect Marriott International Inc (NASDAQ:MAR) to post $1.56 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Marriott International’s earnings. The lowest EPS estimate is $1.53 and the highest is $1.60. Marriott International posted earnings per share of $1.73 in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.8%. The company is scheduled to announce its next earnings results after the market closes on Monday, August 5th.
On average, analysts expect that Marriott International will report full-year earnings of $6.09 per share for the current financial year, with EPS estimates ranging from $5.98 to $6.16. For the next fiscal year, analysts anticipate that the company will post earnings of $6.86 per share, with EPS estimates ranging from $6.71 to $6.97. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Marriott International.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Friday, May 10th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. Marriott International had a net margin of 8.62% and a return on equity of 97.68%. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The firm’s revenue was up .1% on a year-over-year basis.
NASDAQ MAR traded down $1.08 on Thursday, hitting $140.15. 33,783 shares of the stock were exchanged, compared to its average volume of 1,385,982. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 6.81. Marriott International has a fifty-two week low of $100.62 and a fifty-two week high of $144.24. The firm has a market cap of $46.71 billion, a P/E ratio of 22.65, a PEG ratio of 3.11 and a beta of 1.26. The firm has a 50-day simple moving average of $138.59.
In related news, Director George Munoz sold 3,428 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $125.20, for a total transaction of $429,185.60. Following the completion of the sale, the director now owns 11,620 shares in the company, valued at approximately $1,454,824. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Argiris Kyriakidis sold 20,210 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $128.79, for a total transaction of $2,602,845.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,004 shares of company stock valued at $10,676,926. Company insiders own 12.60% of the company’s stock.
A number of large investors have recently modified their holdings of MAR. Norges Bank acquired a new stake in Marriott International during the 4th quarter worth $310,004,000. USS Investment Management Ltd purchased a new position in Marriott International during the 2nd quarter worth $135,135,000. Geode Capital Management LLC raised its position in Marriott International by 13.4% during the 4th quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock worth $411,201,000 after buying an additional 448,325 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Marriott International by 794.2% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 432,810 shares of the company’s stock worth $54,140,000 after buying an additional 384,410 shares during the last quarter. Finally, AKO Capital LLP raised its position in Marriott International by 42.3% during the 1st quarter. AKO Capital LLP now owns 1,213,779 shares of the company’s stock worth $151,832,000 after buying an additional 360,836 shares during the last quarter. Hedge funds and other institutional investors own 63.05% of the company’s stock.
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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