$2.43 EPS Expected for Marriott Vacations Worldwide Co. (NYSE:VAC) This Quarter

Wall Street analysts predict that Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) will announce $2.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Marriott Vacations Worldwide’s earnings. The lowest EPS estimate is $2.26 and the highest is $2.57. Marriott Vacations Worldwide reported earnings of $0.85 per share during the same quarter last year, which indicates a positive year over year growth rate of 185.9%. The firm is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $9.35 per share for the current financial year, with EPS estimates ranging from $9.03 to $9.52. For the next financial year, analysts forecast that the firm will report earnings of $11.27 per share, with EPS estimates ranging from $10.13 to $11.96. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last issued its earnings results on Thursday, May 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.17. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Marriott Vacations Worldwide had a net margin of 1.26% and a return on equity of 6.47%. The business’s revenue for the quarter was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.49) EPS.

A number of research analysts have recently commented on VAC shares. StockNews.com initiated coverage on shares of Marriott Vacations Worldwide in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating and set a $194.00 target price for the company in a research report on Wednesday, January 12th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $202.60.

In other news, EVP Lizabeth Kane-Hanan sold 6,308 shares of the company’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $157.44, for a total transaction of $993,131.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael E. Yonker sold 1,000 shares of the company’s stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $155.35, for a total transaction of $155,350.00. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Several large investors have recently modified their holdings of VAC. Epoch Investment Partners Inc. raised its stake in Marriott Vacations Worldwide by 2.0% in the third quarter. Epoch Investment Partners Inc. now owns 69,023 shares of the company’s stock worth $10,860,000 after buying an additional 1,375 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Marriott Vacations Worldwide by 44.6% in the third quarter. State Board of Administration of Florida Retirement System now owns 16,379 shares of the company’s stock worth $2,577,000 after buying an additional 5,051 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Marriott Vacations Worldwide in the fourth quarter worth about $2,621,000. Geode Capital Management LLC raised its stake in Marriott Vacations Worldwide by 4.0% in the third quarter. Geode Capital Management LLC now owns 542,017 shares of the company’s stock worth $85,275,000 after buying an additional 20,748 shares in the last quarter. Finally, Versor Investments LP bought a new position in Marriott Vacations Worldwide in the fourth quarter worth about $561,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

Shares of VAC traded up $1.46 during mid-day trading on Friday, reaching $142.72. 346,332 shares of the stock traded hands, compared to its average volume of 357,686. The firm has a fifty day moving average price of $151.25 and a 200 day moving average price of $159.02. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 47.57 and a beta of 2.14. The company has a current ratio of 3.14, a quick ratio of 2.56 and a debt-to-equity ratio of 1.50. Marriott Vacations Worldwide has a 1 year low of $133.49 and a 1 year high of $178.98.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Thursday, March 3rd were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.74%. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, March 2nd. Marriott Vacations Worldwide’s dividend payout ratio is presently 82.67%.

Marriott Vacations Worldwide Company Profile (Get Rating)

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

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Earnings History and Estimates for Marriott Vacations Worldwide (NYSE:VAC)

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