Marriott International (MAR) will continue to benefit from improving conditions in the hotel industry. In the US, the hotel industry is experiencing higher occupancy levels, higher average daily room rates, and higher revenue per available room. Meanwhile, the international hotel market is even stronger than in the US.
Growth and Income
The company is expected to grow its earnings per share 15.5% in 2010, 24.2% in 2011, and 15.0% over the long term. The stock also offers investors a dividend yield of 0.5%.
This Zacks #1 Rank stock trades at 31.8x 2010 consensus EPS estimates and 25.6x 2011 consensus EPS estimates.
Business
Marriott International is a hospitality company that operates and franchises hotels and related lodging facilities worldwide.
Second-Quarter Results
Marriott announced Q2 revenue of $2.8 billion, an increase of 7.7% year-over-year. The company earned $0.31 per share, beating the Zacks Consensus Estimate by 3 cents, or 10.7%. MAR has beaten the Zacks Consensus by an average of 13.7% over the last five quarters.
Estimates
In the last 30 days, the Zacks Consensus Estimate for 2010 has increased 7 cents, or 6.7%, to $1.11, and the Zacks Consensus for 2011 has climbed 6 cents, or 4.6%, to $1.38.
Read the July 7 commentary on Marriott International.
Last Week’s Growth and Income Zacks Rank Buys
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MARRIOTT INTL-A (MAR): Free Stock Analysis Report
MARRIOTT INTL-A (MAR): Free Stock Analysis Report
MARRIOTT INTL-A (MAR): Free Stock Analysis Report
MARRIOTT INTL-A (MAR): Free Stock Analysis Report
MARRIOTT INTL-A (MAR): Free Stock Analysis Report
Zacks Investment Research
