Wall Street brokerages forecast that Marriott Vacations Worldwide Corp (NYSE:VAC) will report $1.50 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Marriott Vacations Worldwide’s earnings. The highest EPS estimate is $1.65 and the lowest is $1.37. Marriott Vacations Worldwide reported earnings of $1.22 per share during the same quarter last year, which would indicate a positive year over year growth rate of 23%. The business is expected to announce its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $6.94 per share for the current year, with EPS estimates ranging from $6.80 to $7.05. For the next financial year, analysts expect that the company will report earnings of $7.71 per share, with EPS estimates ranging from $7.33 to $8.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Marriott Vacations Worldwide.
Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Tuesday, February 27th. The company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.40. The firm had revenue of $481.22 million for the quarter, compared to the consensus estimate of $491.36 million. Marriott Vacations Worldwide had a return on equity of 16.46% and a net margin of 11.61%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS.
In other news, VP Michael E. Yonker sold 2,636 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $143.21, for a total value of $377,501.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael E. Yonker sold 1,242 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $151.06, for a total value of $187,616.52. Following the completion of the transaction, the vice president now directly owns 4,894 shares of the company’s stock, valued at $739,287.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,128 shares of company stock valued at $748,368. Corporate insiders own 3.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of VAC. Valeo Financial Advisors LLC bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth about $101,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Marriott Vacations Worldwide by 56.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,205 shares of the company’s stock valued at $163,000 after buying an additional 435 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Marriott Vacations Worldwide by 42.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,231 shares of the company’s stock valued at $166,000 after buying an additional 364 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $206,000. Finally, Godsey & Gibb Associates bought a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $208,000. 73.96% of the stock is owned by hedge funds and other institutional investors.
Shares of Marriott Vacations Worldwide (NYSE VAC) traded up $0.19 on Friday, reaching $146.45. The company’s stock had a trading volume of 21,594 shares, compared to its average volume of 183,892. The firm has a market cap of $3,922.11, a P/E ratio of 25.53 and a beta of 1.29. Marriott Vacations Worldwide has a 52-week low of $92.13 and a 52-week high of $154.14. The company has a debt-to-equity ratio of 1.05, a current ratio of 5.22 and a quick ratio of 3.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 19.49%.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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