Zacks Research Issues Pessimistic Forecast for MAR Earnings

Marriott International, Inc. (NASDAQ:MAR) – Zacks Research cut their FY2024 earnings per share (EPS) estimates for Marriott International in a report issued 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 research analysts have also recently issued research reports about the stock. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. UBS Group lowered their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Morgan Stanley dropped their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Bank of America increased their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $259.00.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $279.27 on Wednesday. Marriott International has a 52 week low of $200.94 and a 52 week high of $289.04. The company has a market capitalization of $77.61 billion, a PE ratio of 29.21, a P/E/G ratio of 5.48 and a beta of 1.58. The company’s fifty day moving average is $258.72 and its 200-day moving average is $242.46.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results 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 business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the firm earned $2.11 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MAR. Invst LLC raised its stake in Marriott International by 3.1% in the third quarter. Invst LLC now owns 8,258 shares of the company’s stock worth $2,053,000 after buying an additional 252 shares in the last quarter. Toronto Dominion Bank raised its holdings in Marriott International by 4.5% in the third quarter. Toronto Dominion Bank now owns 126,483 shares of the company’s stock worth $31,444,000 after purchasing an additional 5,443 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Marriott International by 11.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,833 shares of the company’s stock valued at $1,470,000 after buying an additional 598 shares in the last quarter. Conway Capital Management Inc. purchased a new stake in shares of Marriott International in the 3rd quarter worth about $311,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Marriott International by 1.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,474 shares of the company’s stock valued at $43,126,000 after acquiring an additional 2,569 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,108 shares of company stock valued at $3,434,439 in the last three months. Company insiders own 10.07% of the company’s stock.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, November 21st. Marriott International’s payout ratio is 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.