Marriott International, Inc. (NASDAQ:MAR) to Post Q3 2022 Earnings of $1.68 Per Share, Jefferies Financial Group Forecasts

Marriott International, Inc. (NASDAQ:MARGet Rating) – Analysts at Jefferies Financial Group boosted their Q3 2022 earnings per share estimates for Marriott International in a research report issued on Tuesday, August 2nd. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings of $1.68 per share for the quarter, up from their previous forecast of $1.65. The consensus estimate for Marriott International’s current full-year earnings is $6.54 per share. Jefferies Financial Group also issued estimates for Marriott International’s FY2022 earnings at $6.52 EPS, Q2 2023 earnings at $2.01 EPS, Q3 2023 earnings at $1.92 EPS, Q4 2023 earnings at $1.94 EPS, FY2023 earnings at $7.74 EPS and FY2024 earnings at $8.52 EPS.

Marriott International (NASDAQ:MARGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.55 by $0.25. Marriott International had a return on equity of 120.01% and a net margin of 9.72%. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the business earned $0.79 earnings per share. The business’s revenue was up 69.5% on a year-over-year basis.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price on Marriott International from $164.00 to $155.00 in a research report on Wednesday. TheStreet downgraded Marriott International from a “b-” rating to a “c+” rating in a research report on Thursday, June 30th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and decreased their target price for the stock from $180.00 to $165.00 in a research report on Monday, July 11th. Barclays boosted their target price on Marriott International from $164.00 to $170.00 in a research report on Wednesday. Finally, Stifel Nicolaus upped their price objective on Marriott International from $150.00 to $161.00 in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $175.83.

Marriott International Price Performance

NASDAQ:MAR opened at $157.01 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.53 and a debt-to-equity ratio of 4.64. The company has a market capitalization of $51.39 billion, a P/E ratio of 29.68, a P/E/G ratio of 0.58 and a beta of 1.62. Marriott International has a 12 month low of $127.58 and a 12 month high of $195.90. The business’s 50-day moving average is $151.40 and its 200 day moving average is $162.78.

Insider Buying and Selling

In related news, Director Debra L. Lee sold 2,145 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $171.30, for a total value of $367,438.50. Following the transaction, the director now owns 1,224 shares of the company’s stock, valued at $209,671.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.21% of the stock is owned by insiders.

Institutional Trading of Marriott International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC boosted its position in Marriott International by 10.9% during the 1st quarter. JFS Wealth Advisors LLC now owns 582 shares of the company’s stock valued at $102,000 after acquiring an additional 57 shares in the last quarter. Laurel Wealth Advisors Inc. lifted its holdings in shares of Marriott International by 0.9% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 6,984 shares of the company’s stock valued at $1,154,000 after purchasing an additional 60 shares during the last quarter. Investors Research Corp lifted its holdings in shares of Marriott International by 6.2% during the 1st quarter. Investors Research Corp now owns 1,062 shares of the company’s stock valued at $187,000 after purchasing an additional 62 shares during the last quarter. Clifford Swan Investment Counsel LLC lifted its holdings in shares of Marriott International by 3.8% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,787 shares of the company’s stock valued at $243,000 after purchasing an additional 65 shares during the last quarter. Finally, Tandem Capital Management Corp ADV lifted its holdings in shares of Marriott International by 0.4% during the 1st quarter. Tandem Capital Management Corp ADV now owns 17,639 shares of the company’s stock valued at $3,166,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 59.86% of the company’s stock.

About Marriott International

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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.

Further Reading

Earnings History and Estimates for Marriott International (NASDAQ:MAR)

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