$5.16 Billion in Sales Expected for Marriott International Inc (NASDAQ:MAR) This Quarter
Wall Street brokerages expect Marriott International Inc (NASDAQ:MAR) to announce $5.16 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Marriott International’s earnings, with estimates ranging from $5.07 billion to $5.31 billion. Marriott International reported sales of $5.05 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The business is scheduled to report its next earnings results on Monday, November 4th.
On average, analysts expect that Marriott International will report full-year sales of $21.12 billion for the current financial year, with estimates ranging from $20.75 billion to $21.36 billion. For the next fiscal year, analysts expect that the firm will report sales of $22.06 billion, with estimates ranging from $21.02 billion to $22.84 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Marriott International.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 5th. The company reported $1.56 EPS for the quarter, meeting the consensus estimate of $1.56. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the company earned $1.73 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year.
In related news, Director Bruce W. Duncan sold 3,376 shares of Marriott International stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total transaction of $446,172.16. Following the sale, the director now directly owns 14,600 shares of the company’s stock, valued at approximately $1,929,536. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig S. Smith sold 14,915 shares of Marriott International stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $128.20, for a total transaction of $1,912,103.00. Following the sale, the insider now directly owns 18,062 shares in the company, valued at $2,315,548.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,335 shares of company stock worth $9,560,661. 12.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MAR. Meridian Wealth Management LLC purchased a new stake in Marriott International in the second quarter valued at approximately $25,000. NuWave Investment Management LLC boosted its position in Marriott International by 373.9% during the second quarter. NuWave Investment Management LLC now owns 218 shares of the company’s stock valued at $31,000 after purchasing an additional 172 shares in the last quarter. TLW Wealth Management LLC bought a new stake in Marriott International during the second quarter valued at about $31,000. Rational Advisors LLC boosted its position in Marriott International by 373.9% during the second quarter. Rational Advisors LLC now owns 218 shares of the company’s stock valued at $31,000 after purchasing an additional 172 shares in the last quarter. Finally, Strategy Asset Managers LLC bought a new stake in Marriott International during the first quarter valued at about $29,000. Institutional investors own 61.73% of the company’s stock.
Shares of MAR traded down $0.40 during mid-day trading on Monday, hitting $127.95. 19,905 shares of the stock were exchanged, compared to its average volume of 1,834,970. The firm has a 50-day moving average of $136.71 and a two-hundred day moving average of $130.76. The company has a market cap of $42.54 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.92 and a beta of 1.27. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. Marriott International has a 52-week low of $100.62 and a 52-week high of $144.24.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.92 annualized dividend and a yield of 1.50%. Marriott International’s dividend payout ratio (DPR) is presently 30.92%.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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