Equities research analysts forecast that Marriott International (NASDAQ:MAR) will post $5.74 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Marriott International’s earnings. The lowest sales estimate is $5.66 billion and the highest is $5.83 billion. Marriott International posted sales of $5.56 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Marriott International will report full year sales of $23.92 billion for the current financial year, with estimates ranging from $23.46 billion to $24.66 billion. For the next fiscal year, analysts forecast that the company will post sales of $25.11 billion per share, with estimates ranging from $24.09 billion to $26.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Marriott International.
Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.12. Marriott International had a return on equity of 36.15% and a net margin of 5.99%. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter last year, the business posted $0.85 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis.
In other news, insider Deborah Marriott Harrison sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $140.94, for a total value of $11,275,200.00. Following the completion of the sale, the insider now directly owns 116,092 shares of the company’s stock, valued at approximately $16,362,006.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig S. Smith sold 14,422 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $140.80, for a total value of $2,030,617.60. Following the completion of the sale, the insider now directly owns 34,899 shares of the company’s stock, valued at $4,913,779.20. The disclosure for this sale can be found here. Insiders sold a total of 95,422 shares of company stock valued at $13,449,648 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.
Several large investors have recently bought and sold shares of MAR. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Marriott International by 3.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,331 shares of the company’s stock valued at $1,538,000 after acquiring an additional 361 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Marriott International by 11.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 29,601 shares of the company’s stock valued at $4,018,000 after acquiring an additional 3,145 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Marriott International by 19.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 234,164 shares of the company’s stock valued at $31,783,000 after acquiring an additional 37,323 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Marriott International by 55.6% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 16,800 shares of the company’s stock valued at $2,280,000 after acquiring an additional 6,000 shares during the period. Finally, Altman Advisors Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at $2,042,000. 65.66% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:MAR traded down $0.61 during trading on Monday, hitting $137.70. 400,029 shares of the company’s stock were exchanged, compared to its average volume of 2,346,072. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.10. Marriott International has a 52-week low of $90.67 and a 52-week high of $149.21. The stock has a market capitalization of $48,827.45, a P/E ratio of 31.64, a P/E/G ratio of 2.52 and a beta of 1.35.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, February 23rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, February 22nd. Marriott International’s payout ratio is 30.28%.
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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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