Q2 2024 EPS Estimates for Marriott Vacations Worldwide Co. Lifted by Analyst (NYSE:VAC)

Marriott Vacations Worldwide Co. (NYSE:VAC) – Analysts at Zacks Research raised their Q2 2024 EPS estimates for shares of Marriott Vacations Worldwide in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst M. Kaushik now anticipates that the company will earn $2.14 per share for the quarter, up from their prior forecast of $2.12. The consensus estimate for Marriott Vacations Worldwide’s current full-year earnings is $7.81 per share. Zacks Research also issued estimates for Marriott Vacations Worldwide’s Q3 2024 earnings at $1.71 EPS, Q4 2024 earnings at $2.16 EPS, Q2 2025 earnings at $2.63 EPS, Q4 2025 earnings at $2.01 EPS and FY2026 earnings at $8.92 EPS.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Jefferies Financial Group increased their price target on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Barclays boosted their price objective on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Mizuho began coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a “buy” rating and a $128.00 target price on the stock. Finally, Truist Financial boosted their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $109.71.

Marriott Vacations Worldwide Stock Up 1.3 %

VAC stock opened at $98.94 on Thursday. 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 50 day simple moving average of $96.36 and a 200-day simple moving average of $89.07. The company has a market capitalization of $3.48 billion, a P/E ratio of 15.83 and a beta of 1.85. Marriott Vacations Worldwide has a twelve month low of $72.78 and a twelve month high of $140.30.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business posted $2.74 earnings per share. Marriott Vacations Worldwide’s revenue for the quarter was up .5% on a year-over-year basis.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its stake in shares of Marriott Vacations Worldwide by 194.1% in the third quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $25,000 after purchasing an additional 165 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Marriott Vacations Worldwide by 56.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Quarry LP acquired a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $27,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Marriott Vacations Worldwide by 615.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of Marriott Vacations Worldwide during the first quarter valued at approximately $40,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 48.64%.

Marriott Vacations Worldwide Company Profile

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.