Marriott Vacations Worldwide (VAC) to Release Earnings on Monday

Marriott Vacations Worldwide (NYSE:VAC) will be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce 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 registering for the company’s earnings conference call can do so using this link.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm earned $2.74 earnings per share. The company’s quarterly revenue 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 Trading Down 0.5 %

Shares of VAC stock opened at $97.18 on Friday. Marriott Vacations Worldwide has a 1 year low of $72.78 and a 1 year high of $137.20. The firm has a fifty day moving average price of $98.83 and a 200-day moving average price of $89.27. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 15.55 and a beta of 1.85. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is presently 48.64%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VAC shares. JMP Securities boosted their price objective on 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. Truist Financial lifted their target price on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Mizuho initiated coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a “buy” rating and a $128.00 price target on the stock. Barclays upped their price objective on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.