Marriott International, Inc. (NASDAQ:MAR) Expected to Post Earnings of -$0.07 Per Share

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Equities research analysts expect Marriott International, Inc. (NASDAQ:MAR) to post earnings of ($0.07) per share for the current quarter, Zacks reports. Five analysts have made estimates for Marriott International’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at ($0.47). Marriott International reported earnings of $1.47 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 104.8%. The business is expected to announce its next earnings results before the market opens on Monday, November 2nd.

According to Zacks, analysts expect that Marriott International will report full-year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.82) to $0.40. For the next financial year, analysts forecast that the firm will report earnings of $2.61 per share, with EPS estimates ranging from $1.72 to $3.66. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Marriott International.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 10th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.23). Marriott International had a net margin of 2.76% and a return on equity of 238.84%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. Marriott International’s quarterly revenue was down 72.4% on a year-over-year basis.

A number of equities research analysts have issued reports on the stock. Bank of America upped their price objective on shares of Marriott International from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. BidaskClub upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Tuesday, September 1st. BMO Capital Markets upgraded shares of Marriott International from an “underperform” rating to a “market perform” rating and upped their price target for the company from $83.00 to $95.00 in a research note on Tuesday, October 13th. Jefferies Financial Group upgraded shares of Marriott International from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $125.00 in a research note on Friday, August 14th. Finally, Wells Fargo & Company lowered their target price on shares of Marriott International from $127.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Eighteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $112.48.

Shares of MAR traded up $0.94 on Friday, reaching $101.76. The company’s stock had a trading volume of 2,032,637 shares, compared to its average volume of 4,403,718. Marriott International has a twelve month low of $46.56 and a twelve month high of $153.39. The stock has a market capitalization of $33.00 billion, a PE ratio of 73.74 and a beta of 1.69. The firm has a fifty day moving average of $98.51 and a 200-day moving average of $91.61.

A number of institutional investors have recently made changes to their positions in MAR. Modus Advisors LLC bought a new stake in shares of Marriott International during the 2nd quarter valued at about $28,000. TCI Wealth Advisors Inc. boosted its stake in shares of Marriott International by 64.3% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 327 shares of the company’s stock valued at $28,000 after purchasing an additional 128 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Marriott International during the 3rd quarter valued at about $28,000. Heritage Wealth Advisors boosted its stake in shares of Marriott International by 3,613.5% during the 2nd quarter. Heritage Wealth Advisors now owns 14,854 shares of the company’s stock valued at $34,000 after purchasing an additional 14,454 shares in the last quarter. Finally, Atlas Private Wealth Management boosted its stake in shares of Marriott International by 43.6% during the 2nd quarter. Atlas Private Wealth Management now owns 461 shares of the company’s stock valued at $40,000 after purchasing an additional 140 shares in the last quarter. 58.28% of the stock is currently owned by institutional investors and hedge funds.

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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