$1.15 Billion in Sales Expected for Marriott Vacations Worldwide Co. (NYSE:VAC) This Quarter

Equities analysts expect that Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) will report $1.15 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Marriott Vacations Worldwide’s earnings, with estimates ranging from $1.09 billion to $1.18 billion. Marriott Vacations Worldwide posted sales of $979.00 million during the same quarter last year, which suggests a positive year over year growth rate of 17.5%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Marriott Vacations Worldwide will report full-year sales of $4.62 billion for the current fiscal year, with estimates ranging from $4.49 billion to $4.80 billion. For the next financial year, analysts expect that the firm will report sales of $4.95 billion, with estimates ranging from $4.82 billion to $5.20 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.17. Marriott Vacations Worldwide had a return on equity of 9.84% and a net margin of 3.23%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business earned ($0.49) EPS. Marriott Vacations Worldwide’s revenue was up 38.6% compared to the same quarter last year.

Separately, StockNews.com started coverage on Marriott Vacations Worldwide in a report on Thursday, March 31st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $202.60.

VAC traded up $5.90 during trading hours on Monday, reaching $142.19. 609,347 shares of the company’s stock traded hands, compared to its average volume of 329,345. The firm has a 50-day moving average price of $150.03 and a 200 day moving average price of $158.45. Marriott Vacations Worldwide has a 52-week low of $132.79 and a 52-week high of $176.85. The company has a quick ratio of 2.31, a current ratio of 2.86 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $5.89 billion, a PE ratio of 47.40 and a beta of 2.14.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Thursday, May 26th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.74%. The ex-dividend date is Wednesday, May 25th. Marriott Vacations Worldwide’s dividend payout ratio is presently 82.67%.

In other Marriott Vacations Worldwide news, VP Michael E. Yonker sold 1,000 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $155.35, for a total transaction of $155,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lizabeth Kane-Hanan sold 6,308 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $157.44, for a total transaction of $993,131.52. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Epoch Investment Partners Inc. lifted its stake in shares of Marriott Vacations Worldwide by 2.0% in the 3rd quarter. Epoch Investment Partners Inc. now owns 69,023 shares of the company’s stock valued at $10,860,000 after purchasing an additional 1,375 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of Marriott Vacations Worldwide by 44.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 16,379 shares of the company’s stock valued at $2,577,000 after purchasing an additional 5,051 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at $2,621,000. Bank of America Corp DE lifted its stake in shares of Marriott Vacations Worldwide by 14.9% in the 4th quarter. Bank of America Corp DE now owns 238,975 shares of the company’s stock valued at $40,381,000 after purchasing an additional 31,056 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Marriott Vacations Worldwide by 7.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,796,449 shares of the company’s stock valued at $303,287,000 after purchasing an additional 124,659 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

About Marriott Vacations Worldwide (Get Rating)

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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