Equities research analysts predict that Marriott Vacations Worldwide Corp (NYSE:VAC) will announce $2.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Marriott Vacations Worldwide’s earnings. The lowest EPS estimate is $1.89 and the highest is $2.26. Marriott Vacations Worldwide reported earnings of $1.42 per share in the same quarter last year, which suggests a positive year over year growth rate of 46.5%. The business is expected to report its next earnings results on Wednesday, November 6th.
On average, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $7.96 per share for the current year, with EPS estimates ranging from $7.85 to $8.05. For the next fiscal year, analysts anticipate that the business will post earnings of $8.94 per share, with EPS estimates ranging from $8.72 to $9.26. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Marriott Vacations Worldwide.
Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.24. Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $1.59 earnings per share. The company’s quarterly revenue was up 79.5% on a year-over-year basis.
Several research analysts have weighed in on VAC shares. JPMorgan Chase & Co. upgraded shares of Marriott Vacations Worldwide from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $98.00 to $118.00 in a research report on Tuesday, August 20th. Deutsche Bank reiterated a “hold” rating and issued a $107.00 price target on shares of Marriott Vacations Worldwide in a research report on Sunday, August 4th. Finally, ValuEngine upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Marriott Vacations Worldwide currently has a consensus rating of “Buy” and an average price target of $123.67.
VAC traded up $0.37 during trading on Friday, hitting $110.40. The company’s stock had a trading volume of 359,544 shares, compared to its average volume of 423,185. The company has a quick ratio of 2.62, a current ratio of 3.41 and a debt-to-equity ratio of 1.21. Marriott Vacations Worldwide has a one year low of $60.67 and a one year high of $119.30. The firm has a market cap of $4.79 billion, a PE ratio of 18.78, a P/E/G ratio of 1.54 and a beta of 1.68. The business’s 50 day simple moving average is $95.48 and its 200-day simple moving average is $97.24.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, September 18th. This represents a $1.80 annualized dividend and a dividend yield of 1.63%. Marriott Vacations Worldwide’s payout ratio is 30.61%.
In other news, EVP Ovidio Elias Vitas sold 400 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $99.27, for a total transaction of $39,708.00. Following the sale, the executive vice president now directly owns 2,854 shares in the company, valued at approximately $283,316.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael E. Yonker sold 929 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $100.00, for a total transaction of $92,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,829 shares of company stock worth $1,058,133 over the last 90 days. Insiders own 2.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Marriott Vacations Worldwide by 6.6% during the 2nd quarter. BlackRock Inc. now owns 4,730,773 shares of the company’s stock valued at $456,047,000 after purchasing an additional 292,830 shares during the period. Chartwell Investment Partners LLC raised its position in shares of Marriott Vacations Worldwide by 0.7% during the 2nd quarter. Chartwell Investment Partners LLC now owns 32,768 shares of the company’s stock valued at $3,159,000 after purchasing an additional 214 shares during the period. Prudential PLC raised its position in shares of Marriott Vacations Worldwide by 52.0% during the 2nd quarter. Prudential PLC now owns 35,200 shares of the company’s stock valued at $3,379,000 after purchasing an additional 12,035 shares during the period. Royal Bank of Canada raised its position in shares of Marriott Vacations Worldwide by 4.4% during the 2nd quarter. Royal Bank of Canada now owns 333,551 shares of the company’s stock valued at $32,154,000 after purchasing an additional 14,109 shares during the period. Finally, Eaton Vance Management raised its position in shares of Marriott Vacations Worldwide by 53.8% during the 2nd quarter. Eaton Vance Management now owns 60,176 shares of the company’s stock valued at $5,801,000 after purchasing an additional 21,058 shares during the period. Hedge funds and other institutional investors own 81.42% of the company’s stock.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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