$5.61 Billion in Sales Expected for Marriott International Inc (MAR) This Quarter
Equities research analysts forecast that Marriott International Inc (NASDAQ:MAR) will announce $5.61 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Marriott International’s earnings, with the lowest sales estimate coming in at $5.27 billion and the highest estimate coming in at $6.02 billion. Marriott International posted sales of $5.88 billion during the same quarter last year, which would indicate a negative year over year growth rate of 4.6%. The firm is expected to report its next earnings results on Wednesday, February 13th.
On average, analysts expect that Marriott International will report full year sales of $20.98 billion for the current fiscal year, with estimates ranging from $20.67 billion to $21.42 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $21.92 billion, with estimates ranging from $20.92 billion to $22.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Marriott International.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 5th. The company reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.39. Marriott International had a return on equity of 68.01% and a net margin of 7.95%. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the previous year, the firm posted $1.10 EPS. Marriott International’s revenue for the quarter was down .6% on a year-over-year basis.
MAR traded down $0.43 on Friday, hitting $116.07. 1,549,522 shares of the company were exchanged, compared to its average volume of 2,710,648. Marriott International has a twelve month low of $106.96 and a twelve month high of $149.21. The stock has a market capitalization of $40.48 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.66 and a beta of 1.38. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.46 and a quick ratio of 0.46.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Tuesday, November 20th. Marriott International’s dividend payout ratio is currently 37.61%.
In related news, Director Eric Hippeau sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $116.23, for a total value of $1,046,070.00. Following the sale, the director now owns 21,762 shares in the company, valued at approximately $2,529,397.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.99% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MAR. Capital World Investors grew its holdings in Marriott International by 600.5% during the 3rd quarter. Capital World Investors now owns 8,329,319 shares of the company’s stock valued at $1,099,720,000 after buying an additional 7,140,319 shares during the last quarter. Capital Research Global Investors grew its holdings in Marriott International by 27.3% during the 3rd quarter. Capital Research Global Investors now owns 18,626,031 shares of the company’s stock valued at $2,459,195,000 after buying an additional 3,997,729 shares during the last quarter. Capital International Investors grew its holdings in Marriott International by 499.8% during the 3rd quarter. Capital International Investors now owns 3,245,752 shares of the company’s stock valued at $428,537,000 after buying an additional 2,704,623 shares during the last quarter. USS Investment Management Ltd acquired a new stake in Marriott International during the 3rd quarter valued at $122,802,000. Finally, Janus Henderson Group PLC grew its holdings in Marriott International by 43.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,231,283 shares of the company’s stock valued at $282,481,000 after buying an additional 678,714 shares during the last quarter. Institutional investors and hedge funds own 60.96% of the company’s stock.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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