Marriott International (NASDAQ:MAR) Issues Earnings Results, Beats Estimates By $0.16 EPS

Marriott International (NASDAQ:MAR) announced its earnings results on Monday. The company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.03 by $0.16, FiscalAI reports. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $7.19 billion.

Marriott International Price Performance

MAR stock opened at $372.95 on Monday. The firm has a market cap of $98.34 billion, a PE ratio of 39.13, a P/E/G ratio of 2.92 and a beta of 1.11. Marriott International has a 12 month low of $253.76 and a 12 month high of $410.98. The firm has a 50 day simple moving average of $379.52 and a 200 day simple moving average of $354.41.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were given a dividend of $0.73 per share. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. Marriott International’s payout ratio is 30.64%.

Insider Activity

In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total value of $1,084,680.00. Following the transaction, the executive vice president owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.43% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Institutional investors and hedge funds have recently modified their holdings of the stock. McMillan Office Inc. purchased a new stake in shares of Marriott International during the fourth quarter valued at $27,000. Kemnay Advisory Services Inc. acquired a new stake in Marriott International during the 4th quarter worth about $27,000. Triumph Capital Management purchased a new stake in Marriott International during the third quarter valued at about $28,000. Advocate Investing Services LLC acquired a new position in shares of Marriott International in the fourth quarter worth about $31,000. Finally, Greenline Wealth Management LLC purchased a new position in shares of Marriott International in the fourth quarter worth approximately $32,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MAR shares. Susquehanna lifted their price objective on shares of Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $387.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Sanford C. Bernstein set a $412.00 price objective on shares of Marriott International in a report on Monday, June 15th. Truist Financial boosted their target price on Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Finally, Stifel Nicolaus increased their price target on Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Marriott International has a consensus rating of “Moderate Buy” and an average target price of $388.59.

Marriott International Company Profile

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.