Zacks: Analysts Expect Marriott International, Inc. (NASDAQ:MAR) to Announce $0.03 EPS


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Equities analysts forecast that Marriott International, Inc. (NASDAQ:MAR) will announce $0.03 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Marriott International’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at ($0.08). Marriott International reported earnings per share of $0.26 in the same quarter last year, which would indicate a negative year-over-year growth rate of 88.5%. The business is scheduled to announce its next earnings results before the market opens on Monday, May 10th.

According to Zacks, analysts expect that Marriott International will report full-year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $2.25. For the next fiscal year, analysts anticipate that the business will report earnings of $4.38 per share, with EPS estimates ranging from $3.55 to $5.63. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Marriott International.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Thursday, February 18th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Marriott International had a return on equity of 188.71% and a net margin of 1.28%. During the same period last year, the business earned $1.57 earnings per share.

MAR has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Marriott International from $147.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, March 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Marriott International from $96.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, February 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating and set a $159.00 price objective for the company in a research report on Tuesday, March 23rd. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $150.00 to $158.00 in a research report on Monday, March 1st. Finally, Morgan Stanley lifted their price target on Marriott International from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 25th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $127.44.

Shares of Marriott International stock traded down $1.28 on Tuesday, reaching $147.61. The company’s stock had a trading volume of 1,782,622 shares, compared to its average volume of 2,508,406. The company has a market capitalization of $47.89 billion, a P/E ratio of 278.51 and a beta of 1.83. Marriott International has a 52-week low of $71.52 and a 52-week high of $159.98. The stock has a 50-day moving average price of $148.76 and a 200-day moving average price of $131.24. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 42.27.

In other news, insider Craig S. Smith sold 6,099 shares of the stock in a transaction dated Wednesday, March 31st. The stock was sold at an average price of $148.10, for a total value of $903,261.90. Also, CFO Kathleen K. Oberg sold 25,000 shares of the stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $155.66, for a total value of $3,891,500.00. Following the completion of the transaction, the chief financial officer now owns 48,267 shares in the company, valued at approximately $7,513,241.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,793 shares of company stock worth $10,818,947. 12.77% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MAR. Roosevelt Investment Group LLC lifted its position in Marriott International by 52.9% during the 1st quarter. Roosevelt Investment Group LLC now owns 103,680 shares of the company’s stock worth $15,356,000 after acquiring an additional 35,850 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Marriott International by 61.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 81,578 shares of the company’s stock worth $12,082,000 after buying an additional 31,059 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new position in shares of Marriott International during the 1st quarter worth approximately $10,029,000. Commonwealth Equity Services LLC raised its stake in shares of Marriott International by 12.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 124,646 shares of the company’s stock worth $18,461,000 after buying an additional 13,417 shares in the last quarter. Finally, GYL Financial Synergies LLC raised its stake in shares of Marriott International by 2.5% during the 1st quarter. GYL Financial Synergies LLC now owns 3,025 shares of the company’s stock worth $448,000 after buying an additional 75 shares in the last quarter. 57.71% of the stock is owned by hedge funds and other institutional investors.

About Marriott International

Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: U.S. & Canada; Asia Pacific; and Europe, Middle East and Africa (“EMEA“). The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

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