Marriott International (MAR) Announces Earnings Results, Beats Estimates By $0.39 EPS

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Marriott International (NASDAQ:MAR) posted its quarterly earnings results on Monday. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.39, Briefing.com reports. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.28 billion. Marriott International had a net margin of 7.31% and a return on equity of 52.81%. Marriott International’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. Marriott International updated its Q4 guidance to $1.37-$1.41 EPS.

Shares of MAR opened at $114.55 on Wednesday. Marriott International has a fifty-two week low of $106.96 and a fifty-two week high of $149.21. The company has a market cap of $41.96 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.80 and a beta of 1.38. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.95.

In other Marriott International news, Director Frederick A. Henderson bought 1,640 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were purchased at an average cost of $120.84 per share, with a total value of $198,177.60. Following the purchase, the director now directly owns 1,640 shares in the company, valued at $198,177.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.99% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Atria Investments LLC grew its holdings in 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. Dowling & Yahnke LLC grew its holdings in 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 grew its holdings in 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. Motley Fool Asset Management LLC grew its holdings in Marriott International by 15.4% during the 2nd quarter. Motley Fool Asset Management LLC now owns 3,793 shares of the company’s stock worth $480,000 after acquiring an additional 507 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Marriott International by 22.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,873 shares of the company’s stock worth $363,000 after acquiring an additional 518 shares in the last quarter. 62.03% of the stock is currently owned by hedge funds and other institutional investors.

MAR has been the topic of a number of research analyst reports. BidaskClub raised shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Cowen initiated coverage on shares of Marriott International in a research note on Monday, October 22nd. They issued an “outperform” rating and a $140.00 price target on the stock. Robert W. Baird set a $133.00 price target on shares of Marriott International and gave the company a “hold” rating in a research note on Friday, October 19th. Zacks Investment Research downgraded shares of Marriott International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, Longbow Research initiated coverage on shares of Marriott International in a research note on Friday, September 7th. They issued a “buy” rating and a $156.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $144.23.

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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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Earnings History for Marriott International (NASDAQ:MAR)

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