Marriott Vacations Worldwide (NYSE:VAC) Releases FY24 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $6.05-6.40 for the period, compared to the consensus EPS estimate of $6.00. Marriott Vacations Worldwide also updated its FY 2024 guidance to 6.050-6.400 EPS.

Analyst Upgrades and Downgrades

VAC has been the topic of several research reports. Stifel Nicolaus dropped their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. JMP Securities decreased their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Barclays upped their target price on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $98.95.

Marriott Vacations Worldwide Stock Down 0.4 %

VAC stock traded down $0.38 during mid-day trading on Friday, hitting $95.60. 776,195 shares of the company were exchanged, compared to its average volume of 366,572. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The firm’s 50 day simple moving average is $76.08 and its 200 day simple moving average is $82.74. The firm has a market cap of $3.35 billion, a P/E ratio of 18.22, a P/E/G ratio of 0.79 and a beta of 1.79.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.27. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.94%. On average, sell-side analysts predict that Marriott Vacations Worldwide will post 6.08 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a dividend of $0.76 per share. The ex-dividend date was Thursday, September 19th. This represents a $3.04 annualized dividend and a yield of 3.18%. Marriott Vacations Worldwide’s payout ratio is 57.90%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the acquisition, the insider now owns 15,851 shares in the company, valued at $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

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.