Wall Street analysts expect that Marriott International Inc (NASDAQ:MAR) will post $5.16 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Marriott International’s earnings. The lowest sales estimate is $5.07 billion and the highest is $5.31 billion. Marriott International posted sales of $5.05 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings report on Monday, November 4th.
On average, analysts expect that Marriott International will report full-year sales of $21.12 billion for the current year, with estimates ranging from $20.75 billion to $21.36 billion. For the next year, analysts forecast that the firm will report sales of $22.06 billion, with estimates ranging from $21.02 billion to $22.84 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Marriott International.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 5th. The company reported $1.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.56. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.50 billion. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 earnings per share.
MAR stock traded down $3.02 during trading on Monday, reaching $125.10. 1,660,621 shares of the company were exchanged, compared to its average volume of 1,765,387. The company has a market cap of $42.27 billion, a P/E ratio of 20.14, a PEG ratio of 2.88 and a beta of 1.27. Marriott International has a 52-week low of $100.62 and a 52-week high of $144.24. The stock’s 50 day moving average price is $136.12 and its 200 day moving average price is $130.88. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, August 21st. Marriott International’s payout ratio is currently 30.92%.
In other Marriott International news, insider Craig S. Smith sold 14,915 shares of Marriott International stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $128.20, for a total transaction of $1,912,103.00. Following the completion of the transaction, the insider now owns 18,062 shares in the company, valued at $2,315,548.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Munoz sold 3,428 shares of Marriott International stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $125.20, for a total transaction of $429,185.60. Following the transaction, the director now owns 11,620 shares of the company’s stock, valued at approximately $1,454,824. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,335 shares of company stock valued at $9,560,661. 12.60% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Marriott International by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 874,667 shares of the company’s stock worth $94,950,000 after acquiring an additional 14,624 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Marriott International by 13.4% in 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. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Marriott International in the 1st quarter worth approximately $402,000. First Manhattan Co. grew its stake in shares of Marriott International by 21.8% in the 1st quarter. First Manhattan Co. now owns 570 shares of the company’s stock worth $71,000 after buying an additional 102 shares during the last quarter. Finally, Pennsylvania Trust Co purchased a new stake in shares of Marriott International in the 1st quarter worth approximately $349,000. 61.73% of the stock is owned by institutional investors and hedge funds.
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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