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.
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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