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Stock Market & Financial Investment News

News Breaks
February 13, 2013
09:29 EDTMARMarriott volatility at low end of historic range into Q4 results
Marriott March call option implied volatility is at 22, April and July is at 20; below its 26-week average of 25 according to Track Data, suggesting decreasing price movement into the expected release of Q4 on February 20.
News For MAR From The Last 14 Days
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October 31, 2014
12:46 EDTMARMarriott Global Content Studio announces production, development partnerships
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October 30, 2014
09:31 EDTMARMarriott price target raised to $76 from $69 at RW Baird
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October 29, 2014
11:11 EDTMARMarriott says not seeing too much impact on hotel revenues from Ebola
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10:24 EDTMARMarriott sees 5%-7% worldwide RevPAR growth in 2015
Says "delighted" with Q3 results. Says Q4 North America group pace has improved steadily since June. Sees Q4 systemwide RevPAR up 5%-7% in North America. Sees Q4 constant dollar RevPAR up 4%-6% outside the U.S. Expects to return $1.6B-$1.7B to shareholders in FY14 via dividends, buybacks. Sees investment spending in 2014 of $800M-$900M. Sees FY14 adjusted EBITDA $1.507B-$1.522B. Sees worldwide unit growth accelerating 5%-7% over next four years. Says not prepared to offer EPS guidance yet for 2015. Says group booking pace for 2015 up nearly 4%. Says has bullish outlook for Group in 2015. Sees 2015 systemwide RevPAR in North American up 5%-7%. Sees mid single digit constant dollar RevPAR growth in Asia for 2015. Says "very bullish" about future. Comments made on the Q3 earnings conference call. Marriott shares are up 1.14% to $72.77 in morning trading.
09:10 EDTMARHyatt Hotels shares likely to underperform peers, says Wells Fargo
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October 28, 2014
16:39 EDTMARMarriott Q3 worldwide systemwide RevPAR increased more than 8%
Arne M. Sorenson, president and CEO of Marriott International, said, "We were very pleased with results in the quarter. Our out-performance compared to the guidance we provided in July was largely due to stronger than expected RevPAR and margin growth. North American systemwide RevPAR rose nearly 9% and occupancy reached an extraordinary 77.6% while room rates rose 5%. Group demand was particularly strong with significant last minute bookings and high attendance. With the addition of greater corporate and leisure demand, room rates surged to record levels in many North American markets. Worldwide systemwide RevPAR increased more than 8%."
16:37 EDTMARMarriott sees FY14 EPS $2.48-$2.52, consensus $2.50
The company anticipates gross room additions of 7% worldwide for the full year 2014 including the 10,016 rooms associated with the Protea acquisition. Net of deletions, the company expects its portfolio of rooms will increase by approximately 6% in 2014. The company assumes full year fee revenue could total $1.714B to $1.724B, growth of 11 to 125 over 2013 fee revenue of $1.543B.
16:34 EDTMARMarriott sees Q4 EPS 62c-66c, consensus 64c
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16:31 EDTMARMarriott reports Q3 EPS 65c, consensus 62c
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13:31 EDTMARMarriott announces expansion of brand in Scotland with new Edinburgh hotel
Following the launch of Courtyard by Marriott’s new European design concept at Courtyard Aberdeen Airport Hotel last year, Marriott International has announced plans to open a second Courtyard branded hotel in Scotland in early 2016.

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