Marriott International (NASDAQ:MAR) Announces Earnings Results, Misses Estimates By $0.05 EPS

Marriott International (NASDAQ:MAR) released its quarterly earnings results on Monday. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05), Briefing.com reports. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the firm posted $2.11 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis.

Marriott International Trading Up 6.3 %

MAR traded up $16.34 on Wednesday, hitting $276.00. The company had a trading volume of 187,097 shares, compared to its average volume of 1,464,727. The firm has a market cap of $77.70 billion, a P/E ratio of 25.97, a PEG ratio of 6.24 and a beta of 1.58. The company’s fifty day moving average price is $248.41 and its 200 day moving average price is $239.43. Marriott International has a 1 year low of $189.44 and a 1 year high of $276.03.

Wall Street Analyst Weigh In

A number of research firms have commented on MAR. UBS Group decreased their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Robert W. Baird boosted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays boosted their target price on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday. Mizuho increased their target price on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Truist Financial reduced their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. 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, Marriott International has an average rating of “Hold” and a consensus target price of $259.00.

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.