Marriott International (MAR) to Release Earnings on Wednesday

Marriott International (NASDAQ:MAR) is set to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Marriott International to post earnings of $2.17 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. The firm had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 earnings per share. On average, analysts expect Marriott International to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Marriott International Trading Down 0.5 %

Shares of NASDAQ MAR opened at $240.84 on Monday. The firm has a market cap of $69.60 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 5.37 and a beta of 1.62. Marriott International has a 1-year low of $162.77 and a 1-year high of $260.57. The business’s 50 day moving average is $248.36 and its 200-day moving average is $227.44.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. Marriott International’s dividend payout ratio (DPR) is currently 20.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group increased their target price on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Barclays raised their price objective on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Truist Financial raised their price objective on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company raised their price objective on Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $236.69.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares in the company, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is currently owned by corporate insiders.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.