Marriott International (NASDAQ:MAR) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $4.06-4.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.05. Marriott International also updated its Q3 guidance to $0.96-0.99 EPS.

A number of brokerages have recently weighed in on MAR. BidaskClub upgraded Marriott International from a hold rating to a buy rating in a report on Monday, July 24th. Zacks Investment Research downgraded Marriott International from a buy rating to a sell rating in a report on Tuesday, July 11th. Royal Bank Of Canada reiterated an outperform rating and issued a $109.00 price target (up from $92.00) on shares of Marriott International in a report on Monday, June 12th. J P Morgan Chase & Co reiterated an overweight rating and issued a $111.00 price target on shares of Marriott International in a report on Friday, May 12th. Finally, Barclays PLC reiterated a hold rating and issued a $105.00 price target on shares of Marriott International in a report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Marriott International currently has an average rating of Hold and an average price target of $97.97.

Shares of Marriott International (MAR) traded up 1.10% on Monday, reaching $106.17. The company had a trading volume of 4,845,873 shares. The company’s 50-day moving average is $102.52 and its 200 day moving average is $95.55. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The firm has a market capitalization of $40.23 billion, a PE ratio of 37.61 and a beta of 1.36. Marriott International also was the target of unusually large options trading on Friday. Traders bought 7,596 put options on the stock. This represents an increase of approximately 635% compared to the average daily volume of 1,033 put options.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, May 8th. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.28 billion. Marriott International had a return on equity of 38.10% and a net margin of 4.91%. Marriott International’s revenue was up 47.4% on a year-over-year basis. During the same quarter last year, the company earned $0.87 EPS. Equities analysts forecast that Marriott International will post $4.04 earnings per share for the current year.

In related news, insider Stephen Blake Marriott sold 3,733 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $107.44, for a total transaction of $401,073.52. Following the completion of the sale, the insider now directly owns 145,601 shares of the company’s stock, valued at approximately $15,643,371.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Rodriguez sold 10,101 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $101.30, for a total value of $1,023,231.30. Following the sale, the insider now directly owns 21,224 shares of the company’s stock, valued at $2,149,991.20. The disclosure for this sale can be found here. Insiders have sold a total of 55,117 shares of company stock valued at $5,685,295 in the last 90 days. 17.07% of the stock is owned by corporate insiders.

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About Marriott International

Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

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