Marriott International (MAR) is expected to release results on Wednesday
Marriott International (NASDAQ: MAR) is expected to release its quarterly results before the market opens on Wednesday, November 3. Analysts expect the company to report earnings of $ 1.04 per share for the quarter. Parties wishing to register for the corporate conference call can do so using this link.
Marriott International (NASDAQ: MAR) last reported its quarterly results on Tuesday, August 3. The company reported earnings per share (EPS) of $ 0.79 for the quarter, beating the consensus estimate of $ 0.43 by Thomson Reuters by $ 0.36. Marriott International had a net margin of 3.51% and a return on equity of 83.60%. The company posted revenue of $ 3.15 billion in the quarter, compared to $ 3.28 billion expected by analysts. During the same period of the previous year, the company made EPS ($ 0.64). The company’s quarterly revenue is up 115.1% from the same quarter last year. On average, analysts expect Marriott International to post EPS of $ 3 for the current fiscal year and $ 5 for the next fiscal year.
Actions of NASDAQ MAR open at $ 156.04 Wednesday. Marriott International has a 52-week low of $ 88.92 and a 52-week high of $ 161.42. The company has a fifty-day moving average of $ 143.18 and a 200-day moving average of $ 143.03. The stock has a market cap of $ 50.82 billion, a PE ratio of 147.21 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 0.46, and a debt ratio of 11.79.
In other Marriott International news, the president Stephanie Linnartz sold 11,303 shares of the company in a transaction that took place on Friday October 1. The shares were sold for an average price of $ 156.06, for a total value of $ 1,763,946.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Antoine Capuano sold 5,347 shares in a trade on Friday, September 24. The stock was sold for an average price of $ 150.61, for a total trade of $ 805,311.67. Disclosure of this sale can be found here. In the past three months, insiders have sold 34,760 shares of the company valued at $ 5,308,670. Company insiders own 12.41% of the company’s shares.
MAR has been the subject of several recent research reports. BMO Capital Markets raised its target price on Marriott International shares from $ 140.00 to $ 145.00 and assigned the company a âmarket performanceâ rating in a report released Wednesday, August 4. Morgan Stanley increased its price target for Marriott International shares from $ 143.00 to $ 145.00 and gave the stock an “equal weight” rating in a report released on Wednesday, October 20. TheStreet upgraded Marriott International’s shares from a âcâ rating to a âb-â rating in a report released on Wednesday, September 29. Jefferies Financial Group raised its price target for Marriott International shares from $ 171.00 to $ 178.00 and assigned the company a “buy” rating in a research note on Friday, October 1. Ultimately, Zacks investment research upgraded Marriott International shares from a “hold” rating to a “strong buy” rating and set a target price of $ 163.00 on the stock in a research note on Tuesday, July 13. Seven research analysts rated the stock with a conservation rating, seven gave it a buy rating, and one issued a strong buy rating for the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of âBuyâ and an average price target of $ 146.07.
Marriott International Company Profile
Marriott International, Inc is engaged in the operation and franchising of hotel, residential and timeshare properties. It operates in the following business sectors: United States and Canada; Asia Pacific; and Europe, Middle East and Africa (âEMEAâ). The company was founded by J. Wiliard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, Maryland.
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