Marriott Vacations Worldwide Corp (VAC) Expected to Announce Earnings of $1.69 Per Share

Equities analysts predict that Marriott Vacations Worldwide Corp (NYSE:VAC) will announce earnings of $1.69 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Marriott Vacations Worldwide’s earnings. The highest EPS estimate is $1.80 and the lowest is $1.59. Marriott Vacations Worldwide posted earnings of $1.39 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.6%. The firm is expected to report its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $7.78 per share for the current financial year, with EPS estimates ranging from $7.70 to $7.86. For the next year, analysts anticipate that the business will post earnings of $8.88 per share, with EPS estimates ranging from $8.14 to $9.54. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Thursday, February 28th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.05. Marriott Vacations Worldwide had a net margin of 1.85% and a return on equity of 8.45%.

A number of equities analysts recently issued reports on the stock. Credit Suisse Group reissued an “outperform” rating and issued a $120.00 price objective on shares of Marriott Vacations Worldwide in a report on Wednesday, March 20th. Zacks Investment Research cut shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. SunTrust Banks raised their target price on shares of Marriott Vacations Worldwide to $149.00 and gave the stock a “positive” rating in a research note on Friday, March 1st. Nomura reduced their price objective on shares of Marriott Vacations Worldwide from $158.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. Finally, ValuEngine upgraded shares of Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $128.83.

Shares of VAC traded up $0.33 on Tuesday, reaching $97.11. The company’s stock had a trading volume of 4,841 shares, compared to its average volume of 446,936. The company has a current ratio of 3.49, a quick ratio of 2.71 and a debt-to-equity ratio of 1.10. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.33 and a beta of 1.63. Marriott Vacations Worldwide has a 12-month low of $60.67 and a 12-month high of $138.46.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 28th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Wednesday, February 27th. Marriott Vacations Worldwide’s payout ratio is currently 30.61%.

In related news, SVP Laurie A. Sullivan sold 2,857 shares of the business’s stock in a transaction on Friday, March 29th. The shares were sold at an average price of $95.87, for a total value of $273,900.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Marriott Vacations Worldwide by 0.8% during the fourth quarter. BlackRock Inc. now owns 4,715,828 shares of the company’s stock valued at $332,514,000 after purchasing an additional 39,735 shares during the period. Vanguard Group Inc. boosted its stake in shares of Marriott Vacations Worldwide by 63.2% during the third quarter. Vanguard Group Inc. now owns 3,428,227 shares of the company’s stock valued at $383,104,000 after purchasing an additional 1,327,758 shares during the period. Vanguard Group Inc boosted its stake in shares of Marriott Vacations Worldwide by 63.2% during the third quarter. Vanguard Group Inc now owns 3,428,227 shares of the company’s stock valued at $383,104,000 after purchasing an additional 1,327,758 shares during the period. Bamco Inc. NY boosted its stake in shares of Marriott Vacations Worldwide by 14.5% during the third quarter. Bamco Inc. NY now owns 3,091,578 shares of the company’s stock valued at $345,484,000 after purchasing an additional 392,033 shares during the period. Finally, FMR LLC boosted its stake in shares of Marriott Vacations Worldwide by 9.9% during the third quarter. FMR LLC now owns 1,450,041 shares of the company’s stock valued at $162,041,000 after purchasing an additional 130,811 shares during the period. 80.92% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Company Profile

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

Further Reading: Discover Your Risk Tolerance

Get a free copy of the Zacks research report on Marriott Vacations Worldwide (VAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Marriott Vacations Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott Vacations Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.