Marriott Vacations Worldwide (NYSE:VAC) Posts Earnings Results, Misses Expectations By $0.89 EPS

Marriott Vacations Worldwide (NYSE:VAC) released 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 business had revenue of $1.14 billion during 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 revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.19 EPS. 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 Price Performance

Marriott Vacations Worldwide stock traded down $7.09 during midday trading on Thursday, hitting $77.49. The company’s stock had a trading volume of 997,375 shares, compared to its average volume of 487,920. The company has a quick ratio of 2.62, a current ratio of 3.12 and a debt-to-equity ratio of 2.22. The stock’s 50-day moving average price is $87.09 and its 200-day moving average price is $91.89. Marriott Vacations Worldwide has a 12 month low of $72.78 and a 12 month high of $127.25. The company has a market capitalization of $2.72 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.81.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VAC. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a report on Friday, July 19th. Barclays boosted their price target on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Mizuho reduced their price target on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a report on Friday, June 14th. JMP Securities reissued a “market outperform” rating and set a $115.00 price target on shares of Marriott Vacations Worldwide in a report on Thursday, July 18th. Finally, StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $111.00.

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.