Marriott Vacations Worldwide (VAC) to Release Earnings on Monday

Marriott Vacations Worldwide (NYSE:VAC) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Marriott Vacations Worldwide to post earnings of $1.66 per share for the quarter. Marriott Vacations Worldwide has set its FY24 guidance at $7.65-$8.35 EPS and its FY 2024 guidance at 7.650-8.350 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.08. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business earned $2.74 earnings per share. Marriott Vacations Worldwide’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts expect Marriott Vacations Worldwide to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Marriott Vacations Worldwide Stock Performance

VAC stock opened at $97.18 on Friday. The stock has a market capitalization of $3.42 billion, a PE ratio of 15.65 and a beta of 1.85. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64. The company has a 50 day moving average price of $98.78 and a 200 day moving average price of $89.31. Marriott Vacations Worldwide has a fifty-two week low of $72.78 and a fifty-two week high of $137.20.

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 paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 48.64%.

Wall Street Analysts Forecast Growth

VAC has been the subject of several recent research reports. Mizuho assumed coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a “buy” rating and a $128.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. JMP Securities lifted their target price on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a report on Monday, February 26th. Truist Financial increased their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Barclays upped their price objective 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.