Marriott Vacations Worldwide (NYSE:VAC) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Marriott Vacations Worldwide (NYSE:VAC) posted its quarterly earnings data on Monday. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14, Briefing.com reports. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $2.54 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Marriott Vacations Worldwide updated its FY24 guidance to $7.45-8.16 EPS and its FY 2024 guidance to 7.450-8.160 EPS.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock opened at $96.56 on Thursday. Marriott Vacations Worldwide has a twelve month low of $72.78 and a twelve month high of $134.09. The company has a market capitalization of $3.40 billion, a PE ratio of 15.45 and a beta of 1.85. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16. The firm has a fifty day simple moving average of $99.02 and a 200-day simple moving average of $89.39.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.15%. Marriott Vacations Worldwide’s payout ratio is currently 48.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VAC shares. JMP Securities raised their price target on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Monday, February 26th. Barclays lifted their target price on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Truist Financial upped their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Mizuho initiated coverage on shares of Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They issued a “buy” rating and a $128.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus target price of $111.13.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.