Vmbook Online ordering
Lodging
Marriott International, Inc. (MAR) is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol "MAR". The company is a leading worldwide hospitality company with over 7,000 properties across 30 brands, including Marriott Hotels, Courtyard, Ritz-Carlton, and more. Here are some key points to know about Marriott International's stock performance, earnings, and growth:
1. Stock Performance: As of March 10th 2023, Marriott International's stock price is around $148.92 per share, with a market capitalization of approximately $43.43 billion. Over the past year, the stock has had a high of $182.99 and a low of $110.78.
2. Earnings: In its most recent quarterly earnings report (Q4 2022), Marriott International reported net income of $272 million, a 29% decrease compared to the same period in the previous year. Adjusted earnings per share (EPS) were $1.12, missing analyst estimates of $1.23.
3. Revenue: Marriott International's revenue for the fourth quarter of 2022 was $5.3 billion, a decline of 32% year-over-year, mainly due to the COVID-19 pandemic's ongoing impact on the travel industry.
4. Growth: Despite the challenges posed by the pandemic, Marriott International continues to expand its global footprint. In 2022, the company opened over 380 new properties, including its 7,000th property, The St. Regis San Francisco. Additionally, Marriott announced plans to debut its luxury brand, The Ritz-Carlton, in Portugal with a new resort in the Algarve region.
5. Dividend: Marriott International pays a quarterly dividend of $0.44 per share, with a dividend yield of 2.07%. The company has consistently paid dividends since 1993 and has increased its dividend payout for 25 consecutive years.
6. Wall Street Analyst Estimates: Analysts' predictions for Marriott International's future earnings vary, but overall, they expect the company's earnings will increase over time. The average estimate for Q1 2023 is $1.15 in earnings per share, while the full-year estimate for 2023 is $4.46 in earnings per share.
7. Growth Drivers: Marriott International's primary growth driver is its robust brand portfolio, which includes well-known brands like Marriott Hotels, Courtyard, Ritz-Carlton, and more. The company's strategic efforts to expand in markets like Asia and the Middle East, where there is still room for growth in the hospitality industry, also contribute to its potential for future growth.
Keep in mind that stock prices and financial estimates may fluctuate frequently, and it's essential to keep up with current news and developments for the most accurate information.
We hope this information helps provide a general overview of Marriott International Inc.'s (MAR) stock performance, earnings, and growth.
We also recommend conducting thorough independent research and consulting with a financial professional before making investment decisions.