Zacks Research Issues Pessimistic Estimate for MAR Earnings

Marriott International, Inc. (NASDAQ:MAR) – Investment analysts at Zacks Research reduced their FY2024 earnings per share estimates for Marriott International in a report released on Monday, November 18th. Zacks Research analyst H. Ray now expects that the company will earn $9.25 per share for the year, down from their previous estimate of $9.37. The consensus estimate for Marriott International’s current full-year earnings is $9.26 per share. Zacks Research also issued estimates for Marriott International’s Q4 2024 earnings at $2.36 EPS, Q1 2025 earnings at $2.39 EPS, Q2 2025 earnings at $2.90 EPS, Q3 2025 earnings at $2.68 EPS, Q4 2025 earnings at $2.78 EPS, Q1 2026 earnings at $2.60 EPS, Q2 2026 earnings at $3.18 EPS, Q3 2026 earnings at $2.91 EPS and FY2026 earnings at $11.95 EPS.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. Robert W. Baird lifted their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Sanford C. Bernstein lifted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Evercore ISI upped their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Finally, Truist Financial reduced their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $259.00.

Marriott International Trading Up 0.3 %

Shares of Marriott International stock opened at $280.18 on Wednesday. The company has a market cap of $77.86 billion, a P/E ratio of 29.31, a PEG ratio of 5.48 and a beta of 1.58. The business has a 50-day moving average price of $259.78 and a two-hundred day moving average price of $242.73. Marriott International has a 1-year low of $200.94 and a 1-year high of $289.04.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,108 shares of company stock valued at $3,434,439. Insiders own 10.07% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MAR. BDF Gestion purchased a new stake in Marriott International during the 2nd quarter worth about $3,013,000. Jensen Investment Management Inc. bought a new position in shares of Marriott International in the third quarter valued at approximately $793,000. CWM LLC increased its holdings in Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after acquiring an additional 39,839 shares during the period. BayBridge Capital Group LLC purchased a new stake in Marriott International in the 3rd quarter worth approximately $1,254,000. Finally, Kinsale Capital Group Inc. purchased a new position in shares of Marriott International during the 3rd quarter valued at $3,769,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

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, City Express by Marriott, and St.