Marriott Vacations Worldwide (NYSE:VAC) Updates FY24 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.05-6.40 for the period, compared to the consensus estimate of $6.00. Marriott Vacations Worldwide also updated its FY 2024 guidance to 6.050-6.400 EPS.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VAC. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. JMP Securities reduced their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. Truist Financial dropped their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. The Goldman Sachs Group started coverage on Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target for the company. Finally, Barclays boosted their price target on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $98.95.

Marriott Vacations Worldwide Trading Down 0.4 %

Shares of NYSE:VAC traded down $0.38 during midday trading on Friday, hitting $95.60. 776,195 shares of the stock traded hands, compared to its average volume of 366,572. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57. The business’s 50 day moving average is $76.08 and its two-hundred day moving average is $82.74. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $3.35 billion, a PE ratio of 18.22, a P/E/G ratio of 0.79 and a beta of 1.79.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.27. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Marriott Vacations Worldwide had a return on equity of 10.94% and a net margin of 4.20%. As a group, research analysts forecast that Marriott Vacations Worldwide will post 6.08 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

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

Insider Buying and Selling

In related news, insider Jason P. Marino acquired 700 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost 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 in the company, valued at $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.

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.