|Bid||0.00 x 800|
|Ask||100.00 x 900|
|Day's range||94.77 - 98.98|
|52-week range||46.56 - 153.39|
|Beta (5Y monthly)||1.64|
|PE ratio (TTM)||34.91|
|Earnings date||03 Aug 2020 - 07 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||27 Feb 2020|
|1y target est||98.00|
Travel stocks, including Expedia (NASDAQ: EXPE), Tripadvisor (NASDAQ: TRIP), Hyatt Hotels (NYSE: H), and Marriott International (NASDAQ: MAR), were climbing today on enthusiasm about a broader economic recovery and new entrants in the race toward a vaccine. At the same time, the S&P 500 was trading 1.7% higher.
As of 11:45 a.m. EDT, shares of mountain skiing specialist Vail Resorts (NYSE: MTN) are climbing 10.8%, hotelier Marriott International (NASDAQ: MAR) is up 13.8%, and casino operator Eldorado Resorts (NASDAQ: ERI) is doing best of all -- gaining 19.5%. This is a slow start -- but at least a start -- to reopening Eldorado Resorts.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) didn't see quite the same level of gains as broader measures like the S&P 500, but it was still higher by about 2.4% as of noon EDT today. The Nasdaq 100 Index was higher by just under 2%. Good news from the healthcare front in the fight toward developing a coronavirus vaccine helped lift several pharmaceutical and biotech companies within the Nasdaq.
In this episode of MarketFoolery, Chris Hill and Motley Fool analyst Ron Gross go through the latest headlines from Wall Street. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
Federal Reserve Chairman Jerome Powell warned that "recovery may take some time to gather momentum, and the passage of time can turn liquidity problems into solvency problems," and those remarks took their toll on investor confidence. As of 1:45 p.m. EDT today, shares of flight and hotel reservations services Sabre (NASDAQ: SABR) were down 9.6%, while Expedia Group (NASDAQ: EXPE) took a smaller, 3.7% hit. Hotel operator Marriott International (NASDAQ: MAR), meanwhile, was down 3.7%.
Marriott's shares, down 42% this year already, fell as much as 6.5% as the company reported a 90% slump in the industry's closely watched revenue per available room indicator in April. "April seems to have defined the bottom (for Marriott)," Chief Executive Officer Arne Sorenson said, as the company was affected by the COVID-19 pandemic that led thousands of people to cancel bookings and stay at home to contain the spread of the deadly virus. Marriott, which reported a 22.5% decline in first-quarter revenue per available room, would be adding thousands more hotel rooms in over the next year or two, as they have already been under development.
Shares of Marriott International (NASDAQ: MAR) fell as much as 6.5% in trading Monday after the company reported first-quarter 2020 results. Total revenue was down just 7% in the quarter to $4.7 billion, and net income was still $31 million, or $0.09 per share. By April, revenue per available room was down 90%, and right now about a quarter of Marriott's hotels are closed.
Hilton's CFO Kevin Jacobs weighs in on the outlook for hotels struggling from the COVID-19 pandemic.
Marriott International's (MAR) first-quarter results hurt by sharp decline in RevPAR and occupancy rates owing to the coronavirus pandemic.
Marriott (MAR) delivered earnings and revenue surprises of -69.05% and 15.32%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
While air travel remains very low in the absence of widespread testing or a vaccine, CBS News Travel Editor Peter Greenberg thinks that Americans will eventually fall back in love with road trips.
In the latest trading session, Marriott International (MAR) closed at $83.66, marking a +1.31% move from the previous day.
Shares of hotel giant Marriott International (NASDAQ: MAR) jumped 5.4% in early trading Tuesday before settling down to a gain of 2.4% as of 10:35 a.m. EDT. Marriott announced this morning that it has successfully negotiated "amendments" to its co-branded credit card agreements with JPMorgan Chase (NYSE: JPM) and American Express (NYSE: AXP), the net effect of which will be to transfer a combined $920 million in cash from the banks' pockets to Marriott's. Specifically, says Marriott, Chase will be prepaying $500 million worth of "future revenues" and also paying a $70 million signing bonus "early."
Marriott (VAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
What happened Travel stocks jumped once again on Monday after the market took a more optimistic view of the COVID-19 pandemic. Georgia was the highest-profile state to begin opening its economy, and others are slowly making moves to bring businesses on line.
Marriott's quarterly profit plunged 92% as the global pandemic forced people to cancel bookings and stay at home. The company, which owns the Ritz-Carlton and St. Regis luxury brands, said Monday impairment charges, bad debt expense, and guarantee reserves set aside for the health crisis bit deeply into the bottom line. Revenue per available room - a metric the industry uses to track performance - dropped by more than a fifth. Marriott said it had a strong start to the year but by April, that metric plummeted 90% worldwide, and today, a quarter of its hotels are closed. But the company's CEO, Arne Sorenson expressed guarded optimism, noting that occupancy has started to rebound in Greater China as the economy gradually reopened. He also said demand for lodging in most of the rest of the world has - in his words - "stabilized, albeit at low levels." Last week, rival Holiday Inn-owner InterContinental Hotels also said it was seeing signs of recovery in some markets such as Greater China. Shares of Marriott, which have fallen more than 40% this year, slid further in early trading Monday.