Marriott Vacations Worldwide Co. (NYSE:VAC) Expected to Post Earnings of -$0.29 Per Share


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Analysts expect Marriott Vacations Worldwide Co. (NYSE:VAC) to announce earnings of ($0.29) per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Marriott Vacations Worldwide’s earnings. The lowest EPS estimate is ($0.78) and the highest is $0.03. Marriott Vacations Worldwide reported earnings per share of $1.71 during the same quarter last year, which would suggest a negative year over year growth rate of 117%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, May 5th.

On average, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $4.42 per share for the current fiscal year, with EPS estimates ranging from $3.07 to $5.57. For the next financial year, analysts anticipate that the company will report earnings of $9.77 per share, with EPS estimates ranging from $8.38 to $11.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Tuesday, February 23rd. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Marriott Vacations Worldwide had a negative net margin of 4.99% and a positive return on equity of 2.53%. The company had revenue of $747.00 million for the quarter, compared to the consensus estimate of $724.03 million.

Several analysts recently issued reports on the stock. Truist Securities increased their price target on shares of Marriott Vacations Worldwide from $151.00 to $184.00 and gave the stock a “buy” rating in a research report on Tuesday, March 9th. Jefferies Financial Group lifted their price target on Marriott Vacations Worldwide from $165.00 to $174.00 in a research note on Thursday, January 28th. Stifel Nicolaus upped their price objective on Marriott Vacations Worldwide from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, March 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Marriott Vacations Worldwide from $128.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, February 26th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating and set a $152.00 target price for the company. in a report on Tuesday, February 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $150.00.

VAC stock traded down $2.20 during mid-day trading on Tuesday, hitting $176.14. The stock had a trading volume of 275,710 shares, compared to its average volume of 451,156. The firm has a fifty day simple moving average of $175.67 and a 200 day simple moving average of $145.56. The firm has a market capitalization of $7.26 billion, a P/E ratio of -44.14 and a beta of 2.54. The company has a current ratio of 3.60, a quick ratio of 2.91 and a debt-to-equity ratio of 1.65. Marriott Vacations Worldwide has a 52 week low of $62.27 and a 52 week high of $190.97.

In related news, VP Dwight D. Smith sold 489 shares of the business’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $165.46, for a total value of $80,909.94. Following the sale, the vice president now owns 11,044 shares of the company’s stock, valued at $1,827,340.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John E. Geller, Jr. sold 4,500 shares of the stock in a transaction on Monday, March 29th. The shares were sold at an average price of $169.94, for a total value of $764,730.00. Following the completion of the sale, the chief financial officer now owns 95,829 shares of the company’s stock, valued at $16,285,180.26. The disclosure for this sale can be found here. Insiders sold 14,949 shares of company stock valued at $2,549,501 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Marriott Vacations Worldwide by 20.9% in the first quarter. Envestnet Asset Management Inc. now owns 11,985 shares of the company’s stock worth $2,088,000 after acquiring an additional 2,071 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide in the 1st quarter worth approximately $244,000. Commonwealth Equity Services LLC boosted its stake in shares of Marriott Vacations Worldwide by 19.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,577 shares of the company’s stock valued at $797,000 after purchasing an additional 754 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Marriott Vacations Worldwide by 29.8% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 793 shares of the company’s stock worth $138,000 after buying an additional 182 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Marriott Vacations Worldwide by 94.9% during the first quarter. Victory Capital Management Inc. now owns 435,929 shares of the company’s stock worth $75,931,000 after buying an additional 212,246 shares during the last quarter. Institutional investors own 79.45% of the company’s stock.

About Marriott Vacations Worldwide

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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