Marriott Reports Q4 EPS Of $0.49 - Quick Facts

(RTTNews) - Marriott International, Inc. (MAR) reported fourth-quarter net income of $151 million or $0.49 per share on revenue of $3.22 billion. The company's prior year quarter net income was $181 million or $0.56 per share, on revenue of $3.76 billion. Due to the company's change in the fiscal calendar beginning in 2013, the fourth quarter of 2013 reflects the period from October 1, 2013 through December 31, 2013 (92 days) compared to the 2012 fourth quarter, which reflects the period from September 8, 2012 through December 28, 2012 (112 days).

On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.49 for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $3.31 billion for the quarter.

For the fourth quarter, REVPAR for worldwide comparable systemwide properties increased 4.3 percent, or a 4.1 percent increase using actual dollars.

For 2014, the company expects its worldwide systemwide REVPAR to increase 4 to 6 percent on a constant dollar basis. Earnings per share is expected to total $2.29 to $2.45. Total fee revenue is expected to be in the range of $1.65 billion to $1.70 billion. Analysts expect the company to report fiscal 2014 earnings per share of $2.35.

For the 2014 first quarter, the company expects comparable systemwide calendar REVPAR on a constant dollar basis will increase 4 to 6 percent worldwide. Total fee revenue is expected to be in the range of $380 million to $395 million. Earnings per share is expected to be between $0.47 to $0.52. Analysts expect the company to report first-quarter profit per share of $0.51.