Marriott International (NASDAQ:MAR) Announces Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Marriott International (NASDAQ:MAR) issued its earnings results on Monday. The company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.84 by $0.18, FiscalAI reports. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $6.93 billion. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%.

Marriott International Stock Performance

Shares of Marriott International stock opened at $399.30 on Monday. Marriott International has a 52-week low of $256.76 and a 52-week high of $410.98. The firm has a 50-day moving average of $360.20 and a 200-day moving average of $355.73. The stock has a market cap of $104.13 billion, a PE ratio of 41.38, a PEG ratio of 3.04 and a beta of 1.15.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. Marriott International’s dividend payout ratio (DPR) is currently 30.26%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Marriott International from $425.00 to $426.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Argus lowered their price objective on shares of Marriott International from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott International from $379.00 to $372.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Erste Group Bank began coverage on Marriott International in a research report on Thursday, August 27th. They set a “buy” rating for the company. Finally, China Intl Cap raised shares of Marriott International to a “strong-buy” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.52.

Insider Activity at Marriott International

In other Marriott International news, insider Deborah Harrison sold 3,500 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the transaction, the insider directly owned 282,383 shares of the company’s stock, valued at $99,424,230.47. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David S. Marriott sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the transaction, the insider owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. This represents a 1.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 11.43% of the company’s stock.

Trending Headlines about Marriott International

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott’s upcoming earnings remain a potential catalyst. Analysts are focused on revenue per available room (RevPAR), fee income and cost controls, with expectations for higher earnings and revenue. MAR Gears Up for Q3 Earnings: RevPAR and Fee Growth in Focus
• Positive Sentiment: Marriott continues to expand its global hotel pipeline. Planned developments include a 282-room JW Marriott resort in Fiji, a Courtyard by Marriott in Takayama, Japan, and the company’s first EDITION hotel in Africa, in Cape Town. These projects could support long-term fee growth and brand visibility. JW Marriott brand to debut in Fiji Courtyard by Marriott in Takayama Marriott opens first African EDITION
• Neutral Sentiment: Marriott confirmed corporate job cuts. The move could improve operating efficiency and support margins, although it also signals efforts to manage costs amid an uncertain economic environment. Marriott Confirms Corporate Job Cuts
• Negative Sentiment: Evercore ISI lowered its price target for MAR to $400 from $420, reducing a valuation-related support for the shares. Evercore ISI Adjusts Price Target on Marriott
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Marriott stock on October 27, creating near-term technical selling pressure. ETFs Are Net Sellers of Marriott
• Negative Sentiment: Investors are also assessing the potential effect of the Iran war and broader economic uncertainty on travel demand, costs and Marriott’s growth outlook ahead of earnings. Marriott shares in focus ahead of Q3 earnings

Marriott International Company Profile

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.