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Equity research analysts expect Marriott Vacations Worldwide Co. (NYSE: VAC) to report $ 1.12 billion in revenue for the current fiscal quarter, Zack reports. Four analysts provided earnings estimates for Marriott Vacations Worldwide, with the lowest sales estimate at $ 1.10 billion and the highest estimate at $ 1.14 billion. Marriott Vacations Worldwide reported sales of $ 747.00 million in the same quarter last year, suggesting a positive year-over-year growth rate of 49.9%. The company is expected to release its next quarterly earnings report on Wednesday, February 23.
Zacks says analysts expect Marriott Vacations Worldwide to report annual revenue of $ 3.91 billion for the current fiscal year, with estimates ranging from $ 3.89 billion to $ 3.93 billion . For the next fiscal year, analysts predict the company will post revenue of $ 4.52 billion, with estimates ranging from $ 4.37 billion to $ 4.66 billion. Zacks Investment Research sales averages are an average based on a survey of analysts who cover Marriott Vacations Worldwide.
Marriott Vacations Worldwide (NYSE: VAC) last released its quarterly earnings data on Sunday, November 7. The company reported earnings per share (EPS) of $ 1.60 for the quarter, hitting the Zacks’ consensus estimate of $ 1.60. The company posted revenue of $ 1.05 billion in the quarter, compared to a consensus estimate of $ 1.07 billion. Marriott Vacations Worldwide posted a negative net margin of 1.39% and a positive return on equity of 2.94%. The company’s revenue for the quarter increased 62.1% from the same quarter last year. In the same quarter of the previous year, the company posted ($ 0.81) EPS.
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Several research firms weighed in on ACC. TheStreet downgraded Marriott Vacations Worldwide’s shares from a “b-†rating to a “c +†rating in a report released on Monday, December 20. Truist raised its price target for Marriott Vacations Worldwide shares from $ 198.00 to $ 201.00 and assigned a “buy” rating to the stock in a report released on Tuesday, November 16. Credit Suisse Group increased its price target on Marriott Vacations Worldwide stock from $ 215.00 to $ 220.00 and rated the stock as “outperforming” in a research report released on Tuesday, November 9. . Truist Securities raised its price target for Marriott Vacations Worldwide shares from $ 198.00 to $ 201.00 and gave the company a “buy†rating in a research report released on Tuesday, November 16. Finally, Jefferies Financial Group lowered its price target for Marriott Vacations Worldwide stock from $ 200.00 to $ 190.00 and set a “buy†rating on the stock in a research note on Tuesday, September 28. One investment analyst rated the stock with a sell rating and six issued a buy rating for the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $ 193.57.
Separately, President John E. Geller, Jr. sold 2,500 shares of Marriott Vacations Worldwide in a transaction that took place on Tuesday, December 28. The stock was sold at an average price of $ 170.00, for a total trade of $ 425,000.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible via this link. Additionally, Vice President Dwight D. Smith sold 893 shares of Marriott Vacations Worldwide in a transaction that took place on Thursday, December 16. The shares were sold for an average price of $ 150.20, for a total value of $ 134,128.60. Disclosure of this sale can be found here. Company insiders own 2.70% of the company’s shares.
Large investors have recently changed their holdings in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in the shares of Marriott Vacations Worldwide by 527.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,700 shares of the company valued at $ 9,988,000 after acquiring an additional 52,700 shares during the last quarter. Tudor Investment Corp Et Al increased its stake in Marriott Vacations Worldwide shares by 1,768.5% in the 2nd quarter. Tudor Investment Corp Et Al now owns 30,942 shares of the company valued at $ 4,929,000 after purchasing an additional 29,286 shares in the last quarter. The California State Teachers Retirement System increased its equity stake in Marriott Vacations Worldwide by 16.0% in the second quarter. California State Teachers Retirement System now owns 71,052 shares of the company valued at $ 11,319,000 after purchasing an additional 9,794 shares during the period. Teacher Retirement System of Texas increased its equity stake in Marriott Vacations Worldwide by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 5,073 shares of the company valued at $ 808,000 after purchasing an additional 490 shares during the period. Finally, Macquarie Group Ltd. increased its equity stake in Marriott Vacations Worldwide by 30,819.8% in the 2nd quarter. Macquarie Group Ltd. now owns 488,224 shares of the company valued at $ 77,774,000 after purchasing an additional 486,645 shares during the period. 79.82% of the shares are currently held by hedge funds and other institutional investors.
NYSE VAC shares opened at $ 168.57 on Thursday. The company has a 50-day moving average price of $ 162.51 and a 200-day moving average price of $ 156.79. The company has a debt to equity ratio of 1.46, a quick ratio of 2.46 and a current ratio of 3.05. Marriott Vacations Worldwide has a 52-week low of $ 121.89 and a 52-week high of $ 190.97. The stock has a market cap of $ 7.18 billion, a P / E ratio of -142.85 and a beta of 2.34.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 6. Shareholders of record on Thursday, December 23 will receive a dividend of $ 0.54 per share. The ex-dividend date of this dividend is Wednesday, December 22. This represents an annualized dividend of $ 2.16 and a dividend yield of 1.28%. Marriott Vacations Worldwide’s dividend payout ratio is currently -183.05%.
Marriott Vacations Global Company Profile
Marriott Vacations Worldwide Corp. is a global vacation company, engaged in the ownership, exchange, rental and management of resorts and vacation properties, as well as related businesses, products and services. It operates through vacation ownership and trading and third party management. The Vacation Ownership segment comprises the development, marketing, sale and management of vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club and Hyatt Residence Club brands.
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