Marriott International (NASDAQ:MAR) Issues Quarterly Earnings Results

Marriott International (NASDAQ:MAR) posted its quarterly earnings data on Wednesday. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04), Briefing.com reports. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same period in the prior year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Marriott International Price Performance

NASDAQ:MAR traded up $1.45 during trading hours on Thursday, hitting $235.31. The company had a trading volume of 853,339 shares, compared to its average volume of 1,447,905. The company has a market capitalization of $68.00 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 5.27 and a beta of 1.61. The stock has a 50-day moving average price of $248.01 and a 200 day moving average price of $228.08. Marriott International has a 52 week low of $165.13 and a 52 week high of $260.57.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is currently 20.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MAR. UBS Group upped their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company cut their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday. Truist Financial increased their target price on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Robert W. Baird increased their target price on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Barclays raised their price objective on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $237.31.

Insider Activity at Marriott International

In other news, insider Satyajit Anand sold 2,749 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now owns 24,478 shares in the company, valued at approximately $6,166,742.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the transaction, the insider now owns 24,478 shares in the company, valued at approximately $6,166,742.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the transaction, the chief executive officer now owns 93,323 shares in the company, valued at approximately $23,188,899.04. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock worth $30,435,493 over the last quarter. Corporate insiders own 12.32% of the company’s stock.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.