Marriott Sees 2024 Net Rooms Growth 5.5%-6%
Marriott Sees 2024 Net Rooms Growth 5.5%-6%.
Marriott Sees 2024 Net Rooms Growth 5.5%-6% Read Post »
Marriott Intl Q4 2023 Adj. EPS $3.57 Beats $2.12 Estimate, Sales $6.09B Miss $6.20B Estimate
Marriott Intl (NASDAQ:MAR) reported adjusted quarterly earnings of $3.57 per share which beat the analyst consensus estimate of $2.12 by 68.4 percent. This is a 82.14 percent increase over earnings of $1.96 per share from the same period last year. The company reported quarterly sales of $6.09 billion which missed the analyst consensus estimate of $6.20 billion by 1.69 percent. This is a 2.90 percent increase over sales of $5.92 billion the same period last year.
Moody’s Sees 2024 Operating Cash Flow $2.3B-$2.5B, Free Cash Flow $1.9B-$2.1B
Moody’s Sees 2024 Operating Cash Flow $2.3B-$2.5B, Free Cash Flow $1.9B-$2.1B.
Moody’s Sees 2024 Operating Cash Flow $2.3B-$2.5B, Free Cash Flow $1.9B-$2.1B Read Post »
Moody’s Sees 2024 Share Repurchases About $1 Billion MCO
Moody’s Sees 2024 Share Repurchases About $1 Billion MCO.
Moody’s Sees 2024 Share Repurchases About $1 Billion MCO Read Post »
Moody’s (NYSE:MCO) Q4 2023 Adj. EPS $2.19 Misses $2.32 Estimate, Sales $1.48B Inline
Moody’s (NYSE:MCO) reported quarterly adjsuted earnings of $2.19 per share which missed the analyst consensus estimate of $2.32 by 5.6 percent. This is a 36.87 percent increase over earnings of $1.60 per share from the same period last year. The company reported quarterly sales of $1.48 billion which met the analyst consensus estimate. This is a 14.73 percent increase over sales of $1.29 billion the same period last year.
Moody’s (NYSE:MCO) Q4 2023 Adj. EPS $2.19 Misses $2.32 Estimate, Sales $1.48B Inline Read Post »
Marriott Forecasts Easing Growth in 2024
Marriott International is forecasting continued growth of a key revenue figure this year, but expects the pace of growth to cool off as the travel recovery enters a new phase. The Bethesda, Maryland, hotel operator reported a fourth-quarter profit of $848 million, or $2.87 a share, compared with $673 million, or $2.12 a share, in the same period last year. Adjusted earnings were $3.57 a share. Analysts surveyed by FactSet expected $2.12 a share. Revenue rose about 3% to $6.1 billion. Analysts expected $6.2 billion. Global revenue per available room–a key industry figure used to gauge the health of a portfolio–rose 7.2% in the quarter, including 3.3% in the U.S. and Canada. For 2024, Marriott is targeting adjusted earnings of $9.18 a share to $9.52 a share, below the $9.68 a share that analysts expected. The company expects RevPAR for the year to grow 3% to 5%, down from 15%
Marriott Forecasts Easing Growth in 2024 Read Post »
Coca-Cola (NYSE:KO) Reports Fourth Quarter and Full-Year 2023 Results
Coca-Cola Reports Fourth Quarter and Full-Year 2023 Results Global Unit Case Volume Grew 2% for the Quarter and 2% for the Full Year Net Revenues Grew 7% for the Quarter and 6% for the Full Year; Organic Revenues (Non-GAAP) Grew 12% for the Quarter and 12% for the Full Year Operating Income Grew 10% for the Quarter and 4% for the Full Year; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 20% for the Quarter and 16% for the Full Year Fourth Quarter EPS Declined 2% to $0.46; Comparable EPS (Non-GAAP) Grew 10% to $0.49; Full Year EPS Grew 13% to $2.47; Comparable EPS (Non-GAAP) Grew 8% to $2.69 Cash Flow from Operations Was $11.6 Billion for the Full Year, Up 5%; Full-Year Free Cash Flow (Non-GAAP) Was $9.7 Billion for the Full Year, Up 2% Company Provides 2024 Financial Outlook ATLANTA–(BUSINESS WIRE)–February 13, 2024– The Coca-Cola Company today reported fourth
Coca-Cola (NYSE:KO) Reports Fourth Quarter and Full-Year 2023 Results Read Post »
Moody’s Corporation’s 2024 Guidance: Expects Revenue To Increase In The High-Single-Digit To Low-Double-Digit Percent Range; Sees Adjusted EPS Of $10.25-$11.00 Vs. $11.15 Est.
Full Year 2024 Moody’s Corporation Guidance as of February 13, 2024 MOODY’S CORPORATION Current guidance Revenue Increase in the high-single-digit to low-double-digit percent range Operating Expenses Increase in the mid-to-high-single-digit percent range Operating Margin 37% to 39% Adjusted Operating Margin (1) 44% to 46% Interest Expense, Net $240 – $260 million Effective Tax Rate 22% to 24% Diluted EPS $9.45 to $10.20 Adjusted Diluted EPS (1) $10.25 to $11.00 Operating Cash Flow $2.3 to $2.5 billion Free Cash Flow (1) $1.9 to $2.1 billion Share Repurchases Approximately $1.0 billion (subject to available cash, market conditions, M&A opportunities, and other ongoing capital allocation decisions) Moody’s Analytics (MA) Current guidance MA Revenue Increase of approximately 10% ARR (2) Increase in the low-double-digit percent range MA Adjusted Operating Margin 30% to 31% Moody’s Investors Service (MIS) Current guidance MIS Revenue Increase in the high-single-digit to low-double-digit percent range MIS Adjusted Operating Margin 55.5%
CFRA Lowers Opinion On Shares Of The Coca-cola Company (NYSE:KO) To Buy From Strong Buy
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target by $2 to $66, based on a ’25 P/E of 22.0x, a discount to KO’s 10-year mean forward P/E of 23.2x. We maintain our adjusted EPS estimates of $2.85 for ’24 and $3.00 for ’25. KO posts Q4 adjusted EPS of $0.49 vs. $0.45 (+9%), in line with consensus. Stronger-than-expected revenue offset weaker-than-forecasted margins, as revenue rose 7% to $10.85B ($200M ahead of consensus), driven by price/mix (+9%) and concentrate sales (+3%), partially offset by currency and other net changes (-5%). Notably, Latin America remained particularly strong, with segment net revenue up 16%. Gross margin expanded 190 bps to 57.3%. KO introduced 2024 adjusted EPS growth guidance of 4%-5%, implying EPS of $2.80-$2.82 (current consensus: $2.81). While we believe the guidance reflects
CFRA Lowers Opinion On Shares Of The Coca-cola Company (NYSE:KO) To Buy From Strong Buy Read Post »
United Airlines Holdings (NASDAQ:UAL) Stock Analyst Ratings
United Airlines Holdings (NASDAQ:UAL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/13/2024 17.15% Redburn Atlantic → $50 Downgrades Buy → Neutral 02/09/2024 52.3% Evercore ISI Group $58 → $65 Upgrades In-Line → Outperform 01/10/2024 40.58% Susquehanna → $60 Upgrades Neutral → Positive 01/09/2024 31.21% B of A Securities $40 → $56 Upgrades Underperform → Buy 12/20/2023 52.3% Raymond James $68 → $65 Maintains Outperform 10/19/2023 129.62% JP Morgan $93 → $98 Maintains Overweight 10/19/2023 59.33% Raymond James $70 → $68 Maintains Outperform 10/19/2023 -6.28% Susquehanna $44 → $40 Maintains Neutral 10/19/2023 66.35% Citigroup $76 → $71 Maintains Buy 10/11/2023 3.09% Susquehanna $57 → $44 Maintains Neutral 10/05/2023 64.01% Raymond James $76 → $70 Maintains Outperform 10/02/2023 75.73% Morgan Stanley $80 → $75 Maintains Overweight 09/29/2023 12.46% Jefferies $65 → $48 Maintains Hold 09/26/2023 59.33% Bernstein $71 → $68 Maintains Outperform 08/28/2023
United Airlines Holdings (NASDAQ:UAL) Stock Analyst Ratings Read Post »
Moody’s (NYSE:MCO) Q4 Earnings, Revenue Rise; Provides 2024 Guidance
Moody’s (MCO) reported Q4 adjusted earnings Tuesday of $2.19 per diluted share, compared with $1.60 a year earlier. Analysts polled by Capital IQ expected $2.32. Revenue for the quarter ended Dec. 31 was $1.48 billion, compared with $1.29 billion a year earlier. Analysts surveyed by Capital IQ expected $1.49 billion. For full-year 2024, the company said it expects adjusted diluted EPS of $10.25 to $11.00, and expects revenue to grow in the high-single-digit to low-double-digit percent range. Analysts polled by Capital IQ are expecting adjusted EPS of $11.15 on revenue of $6.52 billion.
Moody’s (NYSE:MCO) Q4 Earnings, Revenue Rise; Provides 2024 Guidance Read Post »
Marriott International (NASDAQ:MAR) ‘s 2024 Outlook
Marriott International (NASDAQ:MAR) expects 2024 earnings per share of $9.18 to $9.52, but a consensus of analysts surveyed by FactSet were expecting earnings per share of $9.68. For the full year, the company expects worldwide revenue per available room to increase 3% to 5% vs 2023. That’s compared with a 15% jump in 2023.
Marriott International (NASDAQ:MAR) ‘s 2024 Outlook Read Post »