Marriott: targets set through to 2025
(CercleFinance.com) - As part of the presentation of its three-year plan, Marriott International estimates that strong growth in commissions and free cash flow could lead to adjusted EPS growth of 15%-20% through to 2025.
More specifically, it confirms its target of 25%-29% growth in adjusted EPS in 2023, followed by 10%-15% growth p.a. over the next two years, which should reach $10.10-$11.45 in 2025.
Likewise, the hotel chain says that its adjusted EBITDA could increase by 18% to 21% in the current financial year, followed by growth of 7% to 10% p.a. in 2024 and 2025, ultimately reaching $5.2bn to $5.7bn.
Finally, shareholders could receive between $1.9bn and $2bn in dividends, assuming a payout ratio of 25%, in addition to $9.8bn to $11.6bn in share buybacks, for a total of $11.7bn to $13.6bn over the 3-year period.
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