Zacks: Analysts Anticipate Marriott International, Inc. (NASDAQ:MAR) Will Post Quarterly Sales of $5.04 Billion

Wall Street brokerages expect Marriott International, Inc. (NASDAQ:MARGet Rating) to post sales of $5.04 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Marriott International’s earnings. The lowest sales estimate is $4.87 billion and the highest is $5.31 billion. Marriott International posted sales of $3.15 billion in the same quarter last year, which would indicate a positive year over year growth rate of 60%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Marriott International will report full year sales of $19.80 billion for the current financial year, with estimates ranging from $19.34 billion to $20.41 billion. For the next fiscal year, analysts forecast that the company will post sales of $22.17 billion, with estimates ranging from $20.91 billion to $23.72 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Marriott International.

Marriott International (NASDAQ:MARGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.30. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.23 billion. Marriott International had a return on equity of 116.74% and a net margin of 9.45%. The company’s quarterly revenue was up 81.3% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share.

Several brokerages have weighed in on MAR. Wells Fargo & Company upped their price target on Marriott International from $185.00 to $199.00 in a report on Wednesday, February 16th. Zacks Investment Research cut Marriott International from a “buy” rating to a “hold” rating and set a $200.00 price target for the company. in a report on Thursday, April 21st. BMO Capital Markets raised their price target on Marriott International from $170.00 to $178.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 16th. TheStreet upgraded Marriott International from a “c+” rating to a “b-” rating in a research note on Monday, March 21st. Finally, StockNews.com assumed coverage on Marriott International in a report on Thursday, March 31st. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $183.30.

Shares of Marriott International stock traded up $3.06 during trading hours on Monday, hitting $166.40. The company’s stock had a trading volume of 2,772,256 shares, compared to its average volume of 2,771,413. Marriott International has a twelve month low of $127.23 and a twelve month high of $195.90. The firm has a fifty day moving average of $172.45 and a 200-day moving average of $165.42. The stock has a market cap of $54.46 billion, a price-to-earnings ratio of 36.90 and a beta of 1.57. The company has a debt-to-equity ratio of 4.93, a quick ratio of 0.53 and a current ratio of 0.53.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Monday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, May 13th.

In other news, insider Craig S. Smith sold 3,647 shares of Marriott International stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $185.00, for a total value of $674,695.00. Following the completion of the transaction, the insider now owns 19,252 shares in the company, valued at $3,561,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William P. Brown sold 2,826 shares of the firm’s stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $179.82, for a total transaction of $508,171.32. The disclosure for this sale can be found here. Insiders sold 20,373 shares of company stock valued at $3,677,904 in the last quarter. 12.21% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of Marriott International during the 4th quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Marriott International during the 1st quarter valued at $25,000. Riverview Trust Co bought a new stake in shares of Marriott International during the 1st quarter valued at $26,000. CVA Family Office LLC bought a new stake in shares of Marriott International during the 4th quarter valued at $27,000. Finally, Sterling Investment Advisors Ltd. bought a new stake in shares of Marriott International during the 4th quarter valued at $29,000. 59.86% of the stock is owned by institutional investors and hedge funds.

Marriott International Company Profile (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International 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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