Marriott International (MAR) to Release Earnings on Monday

Marriott International (NASDAQ:MAR) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Marriott International to post earnings of $2.31 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the business posted $2.26 EPS. Marriott International’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts expect Marriott International to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Marriott International Trading Up 0.2 %

MAR opened at $260.57 on Friday. The business’s fifty day simple moving average is $247.14 and its 200-day simple moving average is $239.17. The company has a market capitalization of $73.36 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 6.33 and a beta of 1.59. Marriott International has a 12-month low of $180.75 and a 12-month high of $266.58.

Wall Street Analyst Weigh In

Several research firms have commented on MAR. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their price target for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. The Goldman Sachs Group assumed coverage on shares of Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target on the stock. Robert W. Baird set a $258.00 price objective on Marriott International in a report on Thursday, October 17th. BMO Capital Markets boosted their target price on Marriott International from $240.00 to $255.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Barclays raised their price target on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $256.39.

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.