Marriott International (MAR) Posts Earnings Results, Beats Expectations By $0.12 EPS

Marriott International (NASDAQ:MAR) posted its quarterly earnings data on Wednesday. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12, Bloomberg Earnings reports. The business had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.61 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share.

Shares of Marriott International (NASDAQ:MAR) opened at $145.24 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83. Marriott International has a 52 week low of $85.63 and a 52 week high of $149.21. The stock has a market capitalization of $51,263.78, a PE ratio of 39.47, a price-to-earnings-growth ratio of 2.28 and a beta of 1.35.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, February 23rd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, February 22nd. Marriott International’s payout ratio is 35.87%.

Marriott International announced that its Board of Directors has initiated a share repurchase program on Thursday, November 9th that allows the company to repurchase 30,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

In other news, EVP Anthony Capuano sold 19,510 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $133.51, for a total value of $2,604,780.10. Following the transaction, the executive vice president now directly owns 23,159 shares in the company, valued at approximately $3,091,958.09. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig S. Smith sold 5,840 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $136.26, for a total value of $795,758.40. Following the completion of the transaction, the insider now owns 26,317 shares in the company, valued at $3,585,954.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,442 shares of company stock worth $9,770,766. 11.32% of the stock is owned by corporate insiders.

A number of analysts recently commented on the company. Susquehanna Bancshares reaffirmed a “positive” rating and set a $161.00 price objective (up previously from $145.00) on shares of Marriott International in a research note on Tuesday. Barclays increased their price objective on Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $115.00 price objective (up previously from $98.00) on shares of Marriott International in a research note on Wednesday, November 8th. BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Robert W. Baird increased their price objective on Marriott International from $111.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $119.64.

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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.

Earnings History for Marriott International (NASDAQ:MAR)

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