Marriott Vacations Worldwide (NYSE:VAC) Announces Earnings Results

Marriott Vacations Worldwide (NYSE:VAC) announced its quarterly earnings data on Wednesday. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89), Briefing.com reports. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.19 earnings per share. Marriott Vacations Worldwide updated its FY24 guidance to $5.90-6.45 EPS and its FY 2024 guidance to 5.900-6.450 EPS.

Marriott Vacations Worldwide Stock Performance

NYSE VAC traded down $7.80 during trading hours on Thursday, hitting $76.78. 1,154,284 shares of the stock were exchanged, compared to its average volume of 488,987. Marriott Vacations Worldwide has a 12-month low of $72.78 and a 12-month high of $127.25. The stock has a 50-day moving average of $87.09 and a 200 day moving average of $91.89. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.81. The company has a quick ratio of 2.62, a current ratio of 3.12 and a debt-to-equity ratio of 2.22.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a $0.76 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $3.04 dividend on an annualized basis and a yield of 3.96%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 56.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $115.00 price objective on shares of Marriott Vacations Worldwide in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Barclays raised their target price on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Finally, Stifel Nicolaus reduced their price objective on shares of Marriott Vacations Worldwide from $117.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.00.

Marriott Vacations Worldwide Company Profile

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.