Marriott International (NASDAQ:MAR) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Marriott International (NASDAQ:MAR) released its earnings results on Monday. The company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.18, FiscalAI reports. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $6.93 billion.

Marriott International Price Performance

NASDAQ:MAR opened at $399.30 on Monday. The stock has a fifty day simple moving average of $360.20 and a 200 day simple moving average of $355.73. The firm has a market capitalization of $104.13 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15. Marriott International has a 1-year low of $256.76 and a 1-year high of $410.98.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th were given a $0.73 dividend. The ex-dividend date was Thursday, August 20th. This represents a $2.92 annualized dividend and a yield of 0.7%. Marriott International’s payout ratio is 30.26%.

Trending Headlines about Marriott International

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott’s upcoming earnings remain a potential catalyst. Analysts are focused on revenue per available room (RevPAR), fee income and cost controls, with expectations for higher earnings and revenue. MAR Gears Up for Q3 Earnings: RevPAR and Fee Growth in Focus
• Positive Sentiment: Marriott continues to expand its global hotel pipeline. Planned developments include a 282-room JW Marriott resort in Fiji, a Courtyard by Marriott in Takayama, Japan, and the company’s first EDITION hotel in Africa, in Cape Town. These projects could support long-term fee growth and brand visibility. JW Marriott brand to debut in Fiji Courtyard by Marriott in Takayama Marriott opens first African EDITION
• Neutral Sentiment: Marriott confirmed corporate job cuts. The move could improve operating efficiency and support margins, although it also signals efforts to manage costs amid an uncertain economic environment. Marriott Confirms Corporate Job Cuts
• Negative Sentiment: Evercore ISI lowered its price target for MAR to $400 from $420, reducing a valuation-related support for the shares. Evercore ISI Adjusts Price Target on Marriott
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Marriott stock on October 27, creating near-term technical selling pressure. ETFs Are Net Sellers of Marriott
• Negative Sentiment: Investors are also assessing the potential effect of the Iran war and broader economic uncertainty on travel demand, costs and Marriott’s growth outlook ahead of earnings. Marriott shares in focus ahead of Q3 earnings

Insider Activity at Marriott International

In related news, insider David Marriott sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the completion of the transaction, the insider owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Deborah Harrison sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the completion of the transaction, the insider owned 282,383 shares in the company, valued at approximately $99,424,230.47. This represents a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research note on Friday, August 7th. TD Cowen raised shares of Marriott International to a “strong-buy” rating in a research note on Tuesday, September 8th. Mizuho lowered their target price on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Morgan Stanley increased their price target on shares of Marriott International from $384.00 to $403.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Finally, China Intl Cap upgraded Marriott International to a “strong-buy” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $383.52.

Marriott International Company Profile

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.