Equities Analysts Offer Predictions for MAR FY2024 Earnings

Marriott International, Inc. (NASDAQ:MAR - Free Report) - Equities researchers at Zacks Research dropped their FY2024 earnings estimates for shares of Marriott International in a note issued to investors on Monday, November 18th. Zacks Research analyst H. Ray now expects that the company will post earnings per share of $9.25 for the year, down from their previous forecast 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.

Several other research firms have also recently weighed in on MAR. Truist Financial lowered their price target on shares of Marriott International from $263.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, August 6th. Wells Fargo & Company lifted their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. Mizuho boosted their target price on shares of Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Sanford C. Bernstein lifted their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley dropped their price objective on shares of Marriott International from $268.00 to $250.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $259.00.

Marriott International Trading Up 0.3 %

Shares of Marriott International stock traded up $0.76 on Wednesday, reaching $280.03. 206,955 shares of the company were exchanged, compared to its average volume of 1,467,375. The company has a 50-day moving average of $258.72 and a 200 day moving average of $242.46. The company has a market capitalization of $77.82 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 5.48 and a beta of 1.58. Marriott International has a one year low of $200.94 and a one year high of $289.04.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.11 earnings per share.

Marriott International Announces Dividend

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

Insider Transactions at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares of the company's stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,108 shares of company stock valued at $3,434,439. 10.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MAR. Bangor Savings Bank boosted its stake in shares of Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company's stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in Marriott International during the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new stake in Marriott International in the 2nd quarter worth approximately $28,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International during the 3rd quarter valued at about $31,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Marriott International in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 70.70% 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, City Express by Marriott, and St.