-$0.03 EPS Expected for Marriott Vacations Worldwide Co. (NYSE:VAC) This Quarter

Wall Street brokerages predict that Marriott Vacations Worldwide Co. (NYSE:VAC) will report earnings of ($0.03) per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Marriott Vacations Worldwide’s earnings. The highest EPS estimate is $0.18 and the lowest is ($0.22). Marriott Vacations Worldwide reported earnings of $2.43 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 101.2%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 24th.

According to Zacks, analysts expect that Marriott Vacations Worldwide will report full year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.39) to ($0.21). For the next financial year, analysts expect that the firm will post earnings of $4.89 per share, with EPS estimates ranging from $3.83 to $6.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Monday, November 9th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.14). Marriott Vacations Worldwide had a negative net margin of 2.94% and a positive return on equity of 6.53%. The firm had revenue of $649.00 million during the quarter, compared to analyst estimates of $617.80 million. During the same quarter in the previous year, the business posted $1.97 earnings per share. The business’s quarterly revenue was down 39.1% compared to the same quarter last year.

VAC has been the topic of a number of research analyst reports. Truist raised their target price on shares of Marriott Vacations Worldwide from $120.00 to $132.00 in a research note on Friday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Marriott Vacations Worldwide from $77.00 to $88.00 and gave the stock a “hold” rating in a research report on Monday, November 9th. ValuEngine upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Credit Suisse Group raised their price target on shares of Marriott Vacations Worldwide from $117.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, November 6th. Finally, Zacks Investment Research lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating and set a $136.00 price target on the stock. in a research report on Friday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $114.63.

NYSE:VAC opened at $125.34 on Tuesday. Marriott Vacations Worldwide has a 1 year low of $30.10 and a 1 year high of $157.67. The firm’s fifty day simple moving average is $105.02 and its 200 day simple moving average is $93.13. The company has a current ratio of 3.65, a quick ratio of 2.94 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $5.15 billion, a PE ratio of -45.74 and a beta of 2.38.

In related news, VP Dwight D. Smith sold 1,565 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $128.19, for a total transaction of $200,617.35. Following the completion of the transaction, the vice president now directly owns 16,194 shares of the company’s stock, valued at approximately $2,075,908.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John E. Geller, Jr. sold 20,000 shares of Marriott Vacations Worldwide stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $128.58, for a total transaction of $2,571,600.00. Following the transaction, the vice president now directly owns 105,008 shares of the company’s stock, valued at $13,501,928.64. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Marriott Vacations Worldwide by 1.4% during the 3rd quarter. BlackRock Inc. now owns 4,425,140 shares of the company’s stock valued at $401,846,000 after purchasing an additional 61,660 shares during the last quarter. Iridian Asset Management LLC CT lifted its holdings in Marriott Vacations Worldwide by 25.6% during the 3rd quarter. Iridian Asset Management LLC CT now owns 1,248,896 shares of the company’s stock valued at $113,412,000 after purchasing an additional 254,917 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Marriott Vacations Worldwide by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 469,099 shares of the company’s stock valued at $42,599,000 after purchasing an additional 21,946 shares during the last quarter. Victory Capital Management Inc. increased its position in Marriott Vacations Worldwide by 30.8% in the 2nd quarter. Victory Capital Management Inc. now owns 338,785 shares of the company’s stock valued at $27,852,000 after acquiring an additional 79,853 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Marriott Vacations Worldwide by 56.4% in the 3rd quarter. AQR Capital Management LLC now owns 278,398 shares of the company’s stock valued at $25,281,000 after acquiring an additional 100,375 shares in the last quarter. 87.15% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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Earnings History and Estimates for Marriott Vacations Worldwide (NYSE:VAC)

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