Marriott International (NASDAQ:MAR) Updates Q4 2024 Earnings Guidance

Marriott International (NASDAQ:MAR) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 2.310-2.390 for the period, compared to the consensus estimate of 2.430. The company issued revenue guidance of -. Marriott International also updated its FY 2024 guidance to 9.190-9.270 EPS.

Marriott International Stock Performance

Shares of MAR stock opened at $276.26 on Thursday. The stock’s 50-day moving average is $249.39 and its two-hundred day moving average is $239.69. The firm has a market cap of $77.77 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 6.21 and a beta of 1.58. Marriott International has a 1 year low of $189.44 and a 1 year high of $277.41.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion for 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 for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. As a group, research analysts predict that Marriott International will post 9.27 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MAR. Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday. Bank of America lifted their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. TD Cowen reduced their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial dropped their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Finally, Robert W. Baird raised their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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.