Marriott Vacations Worldwide (NYSE:VAC) Releases FY 2024 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 6.050-6.400 for the period, compared to the consensus earnings per share estimate of 6.040. The company issued revenue guidance of -. Marriott Vacations Worldwide also updated its FY24 guidance to $6.05-6.40 EPS.

Marriott Vacations Worldwide Trading Down 0.4 %

Shares of NYSE VAC traded down $0.38 during trading on Friday, reaching $95.60. The stock had a trading volume of 776,195 shares, compared to its average volume of 366,572. 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 company has a market cap of $3.35 billion, a P/E ratio of 18.22, a PEG ratio of 0.79 and a beta of 1.79. Marriott Vacations Worldwide has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The business’s 50-day moving average price is $76.08 and its 200-day moving average price is $82.74.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, November 6th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 10.94% and a net margin of 4.20%. On average, equities research analysts predict that Marriott Vacations Worldwide will post 6.08 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. The Goldman Sachs Group assumed coverage on Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective for the company. Stifel Nicolaus reduced their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Barclays boosted their price target on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Truist Financial reduced their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.95.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

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.