What is Zacks Research’s Estimate for MAR FY2024 Earnings?

Marriott International, Inc. (NASDAQ:MAR) – Zacks Research lowered their FY2024 earnings per share (EPS) estimates for Marriott International in a research report issued on Monday, November 18th. Zacks Research analyst H. Ray now anticipates that the company will post earnings of $9.25 per share for the year, down from their previous forecast 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.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 EPS.

A number of other equities research analysts have also recently commented on MAR. TD Cowen decreased their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Sanford C. Bernstein lifted their target price on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Wells Fargo & Company increased their price target on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. 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 research note on Tuesday, August 6th. Finally, Barclays boosted their price target on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Marriott International has an average rating of “Hold” and an average target price of $259.00.

Marriott International Price Performance

Shares of MAR opened at $283.23 on Wednesday. Marriott International has a one year low of $200.94 and a one year high of $289.04. The business has a fifty day moving average of $260.83 and a 200 day moving average of $243.01. The firm has a market capitalization of $78.71 billion, a P/E ratio of 29.63, a PEG ratio of 5.49 and a beta of 1.58.

Institutional Trading of Marriott International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bangor Savings Bank lifted its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Marriott International in the second quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC acquired a new stake in Marriott International in the 3rd quarter valued at about $31,000. Finally, Darwin Wealth Management LLC purchased a new position in Marriott International in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In related news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,108 shares of company stock worth $3,434,439. Insiders own 12.32% of the company’s stock.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

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.