Marriott Vacations Worldwide (NYSE:VAC) Releases FY 2024 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 7.450-8.160 for the period, compared to the consensus earnings per share estimate of 7.790. The company issued revenue guidance of -. Marriott Vacations Worldwide also updated its FY24 guidance to $7.45-8.16 EPS.

Marriott Vacations Worldwide Trading Up 0.3 %

NYSE VAC traded up $0.33 on Monday, reaching $97.51. The company had a trading volume of 523,852 shares, compared to its average volume of 513,759. 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 has a 52 week low of $72.78 and a 52 week high of $134.09. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 15.55 and a beta of 1.85. The stock’s 50 day moving average is $98.83 and its 200-day moving average is $89.24.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted $2.74 EPS. Marriott Vacations Worldwide’s revenue was up .5% on a year-over-year basis. Equities analysts predict that Marriott Vacations Worldwide will post 7.8 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.12%. Marriott Vacations Worldwide’s dividend payout ratio is 48.64%.

Wall Street Analyst Weigh In

A number of research firms recently commented on VAC. JMP Securities upped their price objective on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a market outperform rating in a research report on Monday, February 26th. JPMorgan Chase & Co. increased 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. Mizuho started coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a buy rating and a $128.00 price objective on the stock. Truist Financial increased their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Finally, Barclays raised their target price on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an equal weight rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus 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.