Marriott International (NASDAQ:MAR) Releases Q4 Earnings Guidance

Marriott International (NASDAQ:MAR) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $2.31-2.39 for the period, compared to the consensus EPS estimate of $2.42. Marriott International also updated its FY 2024 guidance to 9.190-9.270 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MAR shares. Bank of America raised their price objective on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Robert W. Baird raised their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday. Macquarie restated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, UBS Group dropped their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Marriott International presently has an average rating of “Hold” and an average price target of $256.61.

Marriott International Stock Down 0.0 %

NASDAQ:MAR traded down $0.07 on Tuesday, reaching $256.36. The stock had a trading volume of 183,207 shares, compared to its average volume of 1,463,609. The company has a market capitalization of $72.17 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 6.24 and a beta of 1.58. Marriott International has a 1-year low of $189.34 and a 1-year high of $266.58. The stock has a fifty day moving average price of $247.77 and a 200-day moving average price of $239.27.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. Marriott International’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts predict that Marriott International will post 9.37 earnings per share for the current fiscal year.

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.