Marriott Vacations Worldwide Corp (NYSE:VAC) Expected to Announce Earnings of $2.05 Per Share

Equities research analysts expect that Marriott Vacations Worldwide Corp (NYSE:VAC) will post earnings of $2.05 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Marriott Vacations Worldwide’s earnings. The highest EPS estimate is $2.26 and the lowest is $1.89. Marriott Vacations Worldwide posted earnings per share of $1.42 in the same quarter last year, which suggests a positive year-over-year growth rate of 44.4%. The business is expected to announce its next earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $7.93 per share for the current year, with EPS estimates ranging from $7.80 to $8.05. For the next year, analysts anticipate that the business will post earnings of $8.94 per share, with EPS estimates ranging from $8.72 to $9.22. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.24. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Marriott Vacations Worldwide had a return on equity of 8.11% and a net margin of 1.50%. The company’s quarterly revenue was up 79.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 EPS.

Several brokerages have weighed in on VAC. JPMorgan Chase & Co. raised Marriott Vacations Worldwide from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $98.00 to $118.00 in a report on Tuesday, August 20th. ValuEngine raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Finally, Deutsche Bank reissued a “hold” rating and set a $107.00 price objective on shares of Marriott Vacations Worldwide in a report on Sunday, August 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $123.67.

NYSE:VAC traded up $0.90 on Wednesday, hitting $102.85. 373,525 shares of the stock were exchanged, compared to its average volume of 393,664. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.41 and a beta of 1.71. Marriott Vacations Worldwide has a 52 week low of $60.67 and a 52 week high of $113.08. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.62 and a current ratio of 3.41. The company’s 50-day moving average price is $101.00 and its 200 day moving average price is $98.14.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.75%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 30.61%.

In other news, Director Thomas J. Hutchison III sold 984 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $107.71, for a total value of $105,986.64. Following the completion of the sale, the director now directly owns 20,449 shares of the company’s stock, valued at approximately $2,202,561.79. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO R. Lee Cunningham sold 2,226 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.37, for a total value of $239,005.62. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Marriott Vacations Worldwide by 10.6% during the 4th quarter. Geode Capital Management LLC now owns 444,039 shares of the company’s stock worth $31,308,000 after buying an additional 42,628 shares in the last quarter. Raymond James & Associates lifted its holdings in Marriott Vacations Worldwide by 121.5% during the 1st quarter. Raymond James & Associates now owns 19,239 shares of the company’s stock worth $1,799,000 after buying an additional 10,552 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Marriott Vacations Worldwide by 0.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 24,679 shares of the company’s stock worth $2,306,000 after buying an additional 117 shares in the last quarter. Piedmont Investment Advisors Inc. acquired a new stake in Marriott Vacations Worldwide during the 1st quarter worth approximately $208,000. Finally, Signaturefd LLC lifted its holdings in Marriott Vacations Worldwide by 211.8% during the 1st quarter. Signaturefd LLC now owns 265 shares of the company’s stock worth $25,000 after buying an additional 180 shares in the last quarter. 81.35% of the stock is owned by institutional investors.

About Marriott Vacations Worldwide

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.

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Earnings History and Estimates for Marriott Vacations Worldwide (NYSE:VAC)

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