Marriott International (NASDAQ:MAR) Releases FY 2024 Earnings Guidance

Marriott International (NASDAQ:MARGet Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 9.190-9.270 for the period, compared to the consensus earnings per share estimate of 9.360. The company issued revenue guidance of -. Marriott International also updated its Q4 guidance to $2.31-2.39 EPS.

Analyst Ratings Changes

MAR has been the topic of a number of research reports. Robert W. Baird increased their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Macquarie reiterated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday. BMO Capital Markets upped their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Mizuho boosted their target price on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and an average target price of $259.00.

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Marriott International Price Performance

Shares of Marriott International stock opened at $276.26 on Thursday. Marriott International has a 1-year low of $189.44 and a 1-year high of $277.41. The stock has a market cap of $77.77 billion, a P/E ratio of 28.90, a P/E/G ratio of 6.21 and a beta of 1.58. The stock’s 50 day simple moving average is $249.39 and its 200-day simple moving average is $239.69.

Marriott International (NASDAQ:MARGet Free Report) last issued 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). The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 207.04% and a net margin of 11.18%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $2.11 earnings per share. As a group, research analysts expect that Marriott International will post 9.27 EPS for the current fiscal year.

Marriott International Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Marriott International (NASDAQ:MAR)

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