Marriott Vacations Worldwide Co. (NYSE:VAC) Expected to Post Earnings of $2.29 Per Share

Brokerages expect that Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) will report earnings of $2.29 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Marriott Vacations Worldwide’s earnings, with the highest EPS estimate coming in at $2.59 and the lowest estimate coming in at $1.75. Marriott Vacations Worldwide posted earnings per share of $0.85 in the same quarter last year, which suggests a positive year-over-year growth rate of 169.4%. The company is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Marriott Vacations Worldwide will report full year earnings of $9.93 per share for the current year, with EPS estimates ranging from $9.83 to $9.99. For the next year, analysts expect that the firm will report earnings of $11.67 per share, with EPS estimates ranging from $10.39 to $12.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.23. Marriott Vacations Worldwide had a net margin of 3.23% and a return on equity of 9.84%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned ($0.49) earnings per share. The company’s revenue for the quarter was up 38.6% compared to the same quarter last year.

VAC has been the topic of several research analyst reports. StockNews.com cut shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Marriott Vacations Worldwide from $205.00 to $202.00 in a research note on Tuesday, May 17th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $201.40.

Shares of Marriott Vacations Worldwide stock traded up $2.97 during trading hours on Friday, reaching $148.87. The company’s stock had a trading volume of 272,626 shares, compared to its average volume of 371,047. The stock has a market cap of $6.17 billion, a P/E ratio of 49.62 and a beta of 2.14. The company’s 50 day simple moving average is $147.85 and its 200 day simple moving average is $156.92. Marriott Vacations Worldwide has a one year low of $132.65 and a one year high of $175.79. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.31 and a current ratio of 2.86.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, May 25th. This represents a $2.48 annualized dividend and a dividend yield of 1.67%. Marriott Vacations Worldwide’s dividend payout ratio is currently 82.67%.

In other news, EVP Lizabeth Kane-Hanan sold 6,308 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $157.44, for a total value of $993,131.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael E. Yonker sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The stock was 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. Company insiders own 2.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of VAC. Total Clarity Wealth Management Inc. acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $25,000. Sageworth Trust Co of South Dakota acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $28,000. UMB Bank N A MO acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $31,000. Penserra Capital Management LLC acquired a new stake in shares of Marriott Vacations Worldwide during the first quarter worth approximately $40,000. Finally, Cornerstone Advisory LLC acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

About Marriott Vacations Worldwide (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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