Brokerages expect that Marriott International Inc (NASDAQ:MAR) will announce $5.53 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Marriott International’s earnings, with the highest sales estimate coming in at $5.69 billion and the lowest estimate coming in at $5.40 billion. Marriott International reported sales of $5.35 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The firm is scheduled to issue its next earnings report on Monday, August 5th.
According to Zacks, analysts expect that Marriott International will report full year sales of $21.50 billion for the current financial year, with estimates ranging from $20.93 billion to $21.89 billion. For the next fiscal year, analysts forecast that the firm will post sales of $22.45 billion, with estimates ranging from $21.29 billion to $23.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Marriott International.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Friday, May 10th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Marriott International had a net margin of 8.62% and a return on equity of 97.68%. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the business posted $1.34 EPS. The company’s revenue was up .1% on a year-over-year basis.
Marriott International stock traded up $1.09 during midday trading on Friday, reaching $125.00. The stock had a trading volume of 1,357,076 shares, compared to its average volume of 1,912,791. Marriott International has a twelve month low of $100.62 and a twelve month high of $142.19. The company has a debt-to-equity ratio of 6.81, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $41.62 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.83 and a beta of 1.23.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.54%. This is a positive change from Marriott International’s previous quarterly dividend of $0.41. Marriott International’s dividend payout ratio (DPR) is 26.41%.
In related news, insider William P. Brown sold 11,640 shares of Marriott International stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $121.53, for a total value of $1,414,609.20. Following the completion of the sale, the insider now owns 5,704 shares of the company’s stock, valued at approximately $693,207.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Craig S. Smith sold 16,743 shares of Marriott International stock in a transaction on Monday, March 11th. The shares were sold at an average price of $120.35, for a total transaction of $2,015,020.05. Following the completion of the sale, the insider now directly owns 7,754 shares of the company’s stock, valued at approximately $933,193.90. The disclosure for this sale can be found here. Insiders have sold a total of 163,690 shares of company stock valued at $20,399,160 in the last three months. Company insiders own 12.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. FDx Advisors Inc. acquired a new stake in shares of Marriott International in the 4th quarter valued at $1,351,168,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Marriott International by 9,956.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,787,660 shares of the company’s stock valued at $72,000 after purchasing an additional 7,710,218 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Marriott International by 13.4% in the 4th quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock valued at $411,201,000 after purchasing an additional 448,325 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Marriott International by 1.0% in the 1st quarter. Northern Trust Corp now owns 3,002,951 shares of the company’s stock valued at $375,638,000 after purchasing an additional 29,237 shares during the last quarter. Finally, Norges Bank bought a new position in Marriott International in the 4th quarter worth $310,004,000. 62.22% of the stock is owned by institutional investors and hedge funds.
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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