Zacks Research Issues Pessimistic Estimate for MAR Earnings

Marriott International, Inc. (NASDAQ:MAR) – Research analysts at Zacks Research cut 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 forecasts that the company will post earnings of $9.25 per share for the year, down from their prior 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.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Morgan Stanley dropped their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Truist Financial lowered 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. Mizuho upped their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, UBS Group dropped their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $259.00.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $280.18 on Wednesday. The company has a market capitalization of $77.86 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 5.48 and a beta of 1.58. The firm’s 50 day simple moving average is $259.78 and its 200 day simple moving average is $242.73. Marriott International has a fifty-two week low of $200.94 and a fifty-two week high of $289.04.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the firm earned $2.11 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis.

Institutional Investors Weigh In On Marriott International

Large investors have recently bought and sold shares of the company. Bangor Savings Bank raised its holdings in shares of Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Marriott International in the second quarter worth about $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the 2nd quarter valued at approximately $28,000. Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter valued at approximately $31,000. Finally, Darwin Wealth Management LLC acquired a new stake in Marriott International in the third quarter valued at approximately $33,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In other Marriott International news, CAO Felitia Lee sold 916 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. This represents a 14.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the sale, the chief financial officer now owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,108 shares of company stock worth $3,434,439. 10.07% of the stock is owned by insiders.

Marriott International Dividend Announcement

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

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.