Related Articles
Analysts expect Marriott Vacations Worldwide Corp (NYSE:VAC) to post earnings of $1.75 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Marriott Vacations Worldwide’s earnings. The highest EPS estimate is $1.86 and the lowest is $1.54. Marriott Vacations Worldwide posted earnings of $1.59 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 10.1%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 31st.
On average, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $7.68 per share for the current financial year, with EPS estimates ranging from $7.53 to $7.83. For the next fiscal year, analysts forecast that the business will post earnings of $8.83 per share, with EPS estimates ranging from $8.38 to $9.24. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Marriott Vacations Worldwide.
Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.45 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.24). Marriott Vacations Worldwide had a return on equity of 8.05% and a net margin of 0.60%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. The company’s revenue was up 85.6% compared to the same quarter last year.
A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a research note on Monday, June 3rd. Zacks Investment Research raised Gerdau from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $118.00.
VAC opened at $101.25 on Thursday. Marriott Vacations Worldwide has a fifty-two week low of $60.67 and a fifty-two week high of $126.84. The business’s 50-day moving average price is $97.09. The company has a debt-to-equity ratio of 1.16, a current ratio of 3.05 and a quick ratio of 2.32. The stock has a market cap of $4.54 billion, a P/E ratio of 17.02, a PEG ratio of 1.46 and a beta of 1.66.
In other Marriott Vacations Worldwide news, VP James H. Iv Hunter sold 1,240 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $98.00, for a total value of $121,520.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael E. Yonker sold 929 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $100.00, for a total value of $92,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 12,069 shares of company stock worth $1,179,653. Insiders own 2.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of VAC. Signaturefd LLC raised its position in shares of Marriott Vacations Worldwide by 211.8% during the first quarter. Signaturefd LLC now owns 265 shares of the company’s stock worth $25,000 after acquiring an additional 180 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Marriott Vacations Worldwide in the second quarter valued at about $26,000. AllSquare Wealth Management LLC bought a new stake in Marriott Vacations Worldwide in the first quarter valued at about $44,000. Smithfield Trust Co. bought a new stake in Marriott Vacations Worldwide in the first quarter valued at about $79,000. Finally, Exane Derivatives increased its holdings in Marriott Vacations Worldwide by 75.5% in the first quarter. Exane Derivatives now owns 937 shares of the company’s stock valued at $88,000 after purchasing an additional 403 shares during the last quarter. 82.31% of the stock is currently owned by institutional investors.
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, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
See Also: What is the role of the G-20?
Get a free copy of the Zacks research report on Marriott Vacations Worldwide (VAC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marriott Vacations Worldwide Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Marriott Vacations Worldwide and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
