Marriott International (NASDAQ:MAR) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Marriott International (NASDAQ:MAR) released its quarterly earnings results 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 negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period in the prior year, the business posted $2.09 earnings per share. Marriott International’s revenue was up 6.4% compared to the same quarter last year.

Marriott International Trading Up 0.7 %

NASDAQ MAR traded up $1.70 during trading on Thursday, hitting $235.56. The company had a trading volume of 1,388,557 shares, compared to its average volume of 1,449,558. Marriott International has a one year low of $165.13 and a one year high of $260.57. The company’s fifty day moving average is $248.01 and its 200-day moving average is $228.08. The company has a market cap of $68.07 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 5.27 and a beta of 1.61.

Marriott International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on MAR shares. BMO Capital Markets boosted their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday. Wells Fargo & Company dropped their price objective on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research report on Thursday. UBS Group lifted their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Barclays increased their target price 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. Finally, Robert W. Baird upped their price objective on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $237.31.

Insiders Place Their Bets

In related news, insider Satyajit Anand sold 2,749 shares of Marriott International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the completion of the transaction, the insider now directly owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the sale, the chief financial officer now owns 20,036 shares in the company, valued at $4,862,937.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Satyajit Anand sold 2,749 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the sale, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,003 shares of company stock worth $30,435,493. Company insiders own 12.32% of the company’s stock.

Marriott International Company Profile

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.