Examining Marriott International, Inc. (MAR)'s track record of earnings
- Author: Zachary Reyes Feb 16, 2017,
Feb 16, 2017, 17:26
Investors of record on Wednesday, January 4th were paid a dividend of $0.215 per share.
The results exceeded Wall Street expectations. The business earned $3.94 billion during the quarter, compared to analyst estimates of $4.41 billion.
Marriott International (NASDAQ:MAR) issued an update on its first quarter earnings guidance on Wednesday morning.
November 07, 2016: Marriott International, Inc.
Marriott International (NASDAQ:MAR) opened at 89.46 on Thursday.
"We added 11 leading brands to our portfolio as a result of the acquisition and welcomed the 6,000th hotel to our system". Full-year profit views are for Marriott International, Inc.to earn $3.63 in current year and drop profits by almost 16.35% over last year's earnings of $3.12.
Here's a graph that looks at Marriott's Price, Consensus and EPS Surprise.
Marriott International, Inc. (MAR) closed 20.62% above its 200-day moving average and is 4.73% above another chart threshold, its 50-day moving average.
Stocks that Aren't in the News.
The stock now has its Annual Dividend of $1.2 and an annual Dividend Yield of 1.37 Percent. Canaccord Genuity reissued a "buy" rating and set a $91.00 price target (up previously from $84.00) on shares of Marriott International in a report on Friday, December 23rd. Piedmont Investment Advisors LLC purchased a new position in shares of Marriott International during the third quarter worth about $605,000.
More analysts at Reuters have a buy or better ratings (14) on the Marriott International, Inc. stock than those who have a hold (12) rating while the 12-month target price suggested by the average analysts is $85.92. Finally, MKM Partners raised Choice Hotels International from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $42.00 to $53.00 in a research note on Monday, December 5th. The ex-dividend date of this dividend is Wednesday, February 22nd. Following the sale, the executive vice president now directly owns 87,727 shares of the company's stock, valued at $6,765,506.24. Morgan Stanley Analysts lifted the stock to Overweight from Equal-Weight.
On 04/27/2016, Analysts were suspecting EPS of $0.84/share where Marriott International, Inc. The stock was sold at an average price of $54.22, for a total value of $1,735,365.32. Following the sale, the insider now directly owns 523,070 shares in the company, valued at $40,475,156.60. Also, insider Patrick Cimerola sold 1,013 shares of Choice Hotels International stock in a transaction on Thursday, December 22nd. (NASDAQ:MAR) where 5 analyst have rated the stock as Strong Buy, 9 analysts said it's a Buy, 12 rated the stock as Hold, 1 analysts reported Underperform and 1 analysts gave their recommendations as Sell. The disclosure for this sale can be found here. The stock touched its high share price of $87.42 on Feb 13, 2017 and the stock also touched its Lowest price in the last 52-weeks of trading on Jun 27, 2016 as $60.87.
The buoyancy in the outlook of Marriott International, Inc. Around the globe, Marriott brands represent almost one in four hotels under construction, and one in three hotels under construction in North America.