Marriott International (MAR) Expected to Announce Earnings on Tuesday

Marriott International (NASDAQ:MAR) is expected to release its earnings data before the market opens on Tuesday, February 11th. Analysts expect Marriott International to post earnings of $2.37 per share and revenue of $6.40 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Marriott International Stock Up 0.3 %

Shares of MAR stock opened at $303.97 on Monday. The company has a market cap of $84.47 billion, a P/E ratio of 31.80, a PEG ratio of 4.88 and a beta of 1.57. Marriott International has a 52 week low of $204.55 and a 52 week high of $307.52. The business has a 50 day moving average of $283.94 and a two-hundred day moving average of $260.83.

Insider Transactions at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the firm’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 transaction of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Stifel Nicolaus boosted their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus target price of $276.35.

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.