Marriott International Inc (MAR) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.87 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.84. The company posted revenue of $3772.00 million in the period, compared to analysts expectations of $3671.01 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on Marriott International Inc. Marriott International Inc was Downgraded by Raymond James to ” Mkt Perform” on Apr 20, 2016. Shares were Reiterated by Canaccord Genuity on Mar 23, 2016 to “Buy” and Lowered the Price Target to $ 82 from a previous price target of $84 .Shares were Reiterated by Barclays on Feb 22, 2016 to “Equal Weight” and Lowered the Price Target to $ 74 from a previous price target of $77 .
Marriott International Inc closed down -1.69 points or -2.48% at $66.54 with 53,75,738 shares getting traded on Friday. Post opening the session at $68.23, the shares hit an intraday low of $65.56 and an intraday high of $68.32 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Dec 24, 2015, Susan C Schwab (director) purchased 364 shares at $68.59 per share price. According to the SEC, on Sep 30, 2015, David Grissen (Group President) sold 3,000 shares at $66.09 per share price. On Sep 17, 2015, J W Jr Marriott (Chairman) sold 34,550 shares at $72.45 per share price, according to the Form-4 filing with the securities and exchange commission.
Marriott International Inc. is a diversified global lodging company. The Company is an operator franchisor and licensor of hotels and timeshare properties across the world. It also operates markets and develops residential properties and provides services to home/condominium owner associations. It has three segments: North American Full-Service North American Limited-Service and International. The Company’s brands include The Ritz-Carlton BVLGARI Hotels & Resorts EDITION JW Marriott Autograph Collection Hotels Renaissance Hotels Marriott Hotels Marriott Executive Apartments Marriott Vacation Club Gaylord Hotels AC Hotels by Marriott Courtyard by Marriott Residence Inn by Marriott SpringHill Suites by Marriott Fairfield Inn & Suites TownePlace Suites by Marriott Protea Hotels and Moxy Hotels. It operates franchises or licenses approximately 4175 properties across the world with around 714765 rooms inclusive of around 41 home and condominium products.