Q2 2024 EPS Estimates for Marriott Vacations Worldwide Co. Lifted by Analyst (NYSE:VAC)

Marriott Vacations Worldwide Co. (NYSE:VAC) – Stock analysts at Zacks Research lifted their Q2 2024 earnings per share estimates for shares of Marriott Vacations Worldwide in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings per share of $2.14 for the quarter, up from their previous estimate of $2.12. The consensus estimate for Marriott Vacations Worldwide’s current full-year earnings is $7.81 per share. Zacks Research also issued estimates for Marriott Vacations Worldwide’s Q3 2024 earnings at $1.71 EPS, Q4 2024 earnings at $2.16 EPS, Q2 2025 earnings at $2.63 EPS, Q4 2025 earnings at $2.01 EPS and FY2026 earnings at $8.92 EPS.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.08. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $2.74 EPS.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their target price on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Barclays boosted their target price on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Truist Financial boosted their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. JMP Securities boosted their target price on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a report on Monday, February 26th. Finally, Mizuho initiated coverage on Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and an average price target of $109.71.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $97.99 on Thursday. The business has a 50 day moving average price of $96.62 and a 200 day moving average price of $89.06. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 15.68 and a beta of 1.85. Marriott Vacations Worldwide has a fifty-two week low of $72.78 and a fifty-two week high of $140.30. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.04 dividend on an annualized basis and a yield of 3.10%. Marriott Vacations Worldwide’s payout ratio is 48.64%.

Institutional Trading of Marriott Vacations Worldwide

Institutional investors have recently bought and sold shares of the company. Pallas Capital Advisors LLC purchased a new stake in Marriott Vacations Worldwide during the fourth quarter worth $3,920,000. Nordea Investment Management AB lifted its position in shares of Marriott Vacations Worldwide by 81.6% in the fourth quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock valued at $2,775,000 after acquiring an additional 14,646 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Marriott Vacations Worldwide by 234,864.3% in the fourth quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock valued at $5,585,000 after acquiring an additional 65,762 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Marriott Vacations Worldwide by 146.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,366 shares of the company’s stock valued at $439,000 after acquiring an additional 2,593 shares in the last quarter. Finally, New South Capital Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 113.4% in the third quarter. New South Capital Management Inc. now owns 246,297 shares of the company’s stock valued at $24,785,000 after acquiring an additional 130,872 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Company Profile

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.