Equities research analysts expect Marriott Vacations Worldwide Corp (NYSE:VAC) to post earnings per share (EPS) of $1.85 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Marriott Vacations Worldwide’s earnings. The lowest EPS estimate is $1.82 and the highest is $1.89. Marriott Vacations Worldwide posted earnings of $1.41 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.2%. The business is expected to report its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $7.00 per share for the current fiscal year, with EPS estimates ranging from $6.97 to $7.05. For the next fiscal year, analysts forecast that the firm will post earnings of $7.82 per share, with EPS estimates ranging from $7.48 to $8.28. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Marriott Vacations Worldwide.
Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Thursday, August 2nd. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.25). The company had revenue of $594.69 million for the quarter, compared to the consensus estimate of $595.15 million. Marriott Vacations Worldwide had a net margin of 9.16% and a return on equity of 15.81%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share.
A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Marriott Vacations Worldwide from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, July 31st. Wolfe Research assumed coverage on Marriott Vacations Worldwide in a research report on Friday, June 8th. They set an “outperform” rating for the company. Stifel Nicolaus cut their target price on Marriott Vacations Worldwide from $160.00 to $147.00 and set a “buy” rating for the company in a research report on Wednesday, June 20th. Jefferies Financial Group assumed coverage on Marriott Vacations Worldwide in a research report on Monday, July 16th. They set a “buy” rating and a $150.00 target price for the company. Finally, ValuEngine upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Marriott Vacations Worldwide currently has an average rating of “Buy” and a consensus price target of $143.07.
In other Marriott Vacations Worldwide news, CEO Stephen P. Weisz acquired 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 28th. The stock was acquired at an average cost of $108.43 per share, for a total transaction of $379,505.00. Following the transaction, the chief executive officer now directly owns 180,017 shares in the company, valued at $19,519,243.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen P. Weisz acquired 4,058 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were acquired at an average price of $117.86 per share, with a total value of $478,275.88. The disclosure for this purchase can be found here. 3.50% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth $108,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide during the 1st quarter worth $140,000. Macquarie Group Ltd. lifted its position in shares of Marriott Vacations Worldwide by 266.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,100 shares of the company’s stock worth $124,000 after buying an additional 800 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth $132,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth $143,000. Institutional investors and hedge funds own 90.25% of the company’s stock.
Shares of NYSE:VAC traded up $0.03 during trading on Friday, reaching $118.31. 1,017,800 shares of the company traded hands, compared to its average volume of 349,422. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.71 and a beta of 1.39. The company has a debt-to-equity ratio of 1.25, a quick ratio of 5.17 and a current ratio of 6.99. Marriott Vacations Worldwide has a 52 week low of $107.17 and a 52 week high of $154.14.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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