Marriott Vacations Worldwide (VAC) Set to Announce Quarterly Earnings on Monday

Marriott Vacations Worldwide (NYSE:VAC) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect Marriott Vacations Worldwide to post earnings of $1.66 per share for the quarter. Marriott Vacations Worldwide has set its FY24 guidance at $7.65-$8.35 EPS and its FY 2024 guidance at 7.650-8.350 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.08. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $2.74 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect Marriott Vacations Worldwide to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $100.87 on Monday. The firm has a 50 day moving average of $98.12 and a 200-day moving average of $89.17. The firm has a market capitalization of $3.55 billion, a P/E ratio of 16.14 and a beta of 1.85. Marriott Vacations Worldwide has a 12 month low of $72.78 and a 12 month high of $138.21. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is presently 48.64%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VAC. Barclays upped their price target on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Truist Financial raised 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. Jefferies Financial Group boosted their price objective on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. JMP Securities raised their target price on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. Finally, Mizuho began coverage on shares of Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide has a consensus rating of “Hold” and a consensus target price of $109.71.

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.