Wall Street analysts expect that Marriott Vacations Worldwide Corp (NYSE:VAC) will post $1.50 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marriott Vacations Worldwide’s earnings. The highest EPS estimate is $1.65 and the lowest is $1.37. Marriott Vacations Worldwide reported earnings per share of $1.22 during the same quarter last year, which would suggest a positive year-over-year growth rate of 23%. The company is expected to announce its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $6.94 per share for the current financial year, with EPS estimates ranging from $6.80 to $7.05. For the next fiscal year, analysts anticipate that the business will post earnings of $7.88 per share, with EPS estimates ranging from $7.80 to $8.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Marriott Vacations Worldwide.
Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Tuesday, February 27th. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.40. The company had revenue of $481.22 million during the quarter, compared to the consensus estimate of $491.36 million. Marriott Vacations Worldwide had a net margin of 11.61% and a return on equity of 16.46%. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.83 earnings per share.
Several analysts have recently commented on VAC shares. Zacks Investment Research upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, January 12th. SunTrust Banks reiterated a “hold” rating and issued a $141.00 target price on shares of Marriott Vacations Worldwide in a report on Tuesday, February 27th. Macquarie initiated coverage on shares of Marriott Vacations Worldwide in a report on Friday, January 5th. They issued an “outperform” rating for the company. Finally, ValuEngine upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $137.00.
In other Marriott Vacations Worldwide news, VP Dwight D. Smith sold 1,250 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $146.60, for a total transaction of $183,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael E. Yonker sold 2,636 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $143.21, for a total transaction of $377,501.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,128 shares of company stock valued at $748,368. 3.50% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. boosted its position in Marriott Vacations Worldwide by 42.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,231 shares of the company’s stock worth $166,000 after purchasing an additional 364 shares during the period. Advisor Group Inc. boosted its position in Marriott Vacations Worldwide by 19.5% during the fourth quarter. Advisor Group Inc. now owns 2,261 shares of the company’s stock worth $306,000 after purchasing an additional 369 shares during the period. Louisiana State Employees Retirement System boosted its position in Marriott Vacations Worldwide by 4.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the company’s stock worth $1,366,000 after purchasing an additional 400 shares during the period. Strs Ohio boosted its position in Marriott Vacations Worldwide by 33.3% during the fourth quarter. Strs Ohio now owns 1,600 shares of the company’s stock worth $216,000 after purchasing an additional 400 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Marriott Vacations Worldwide by 56.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,205 shares of the company’s stock worth $163,000 after buying an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 73.95% of the company’s stock.
Shares of VAC stock traded up $0.67 on Friday, hitting $137.43. The stock had a trading volume of 16,795 shares, compared to its average volume of 181,834. The company has a market cap of $3,621.45, a P/E ratio of 23.57 and a beta of 1.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 5.22 and a quick ratio of 3.71. Marriott Vacations Worldwide has a 12-month low of $101.15 and a 12-month high of $154.14.
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Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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