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

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

Marriott Vacations Worldwide Trading Up 7.0 %

Shares of VAC traded up $5.58 during midday trading on Wednesday, hitting $84.87. The stock had a trading volume of 962,183 shares, compared to its average volume of 324,312. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. The stock’s 50 day moving average is $74.96 and its 200 day moving average is $82.65. The firm has a market cap of $2.98 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 0.73 and a beta of 1.79.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 3.58%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 72.04%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VAC shares. Stifel Nicolaus decreased their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research note on Friday, September 13th. StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Truist Financial lowered 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 research report on Friday, July 19th. Finally, Barclays reduced their target price on shares of Marriott Vacations Worldwide from $82.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $96.65.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino bought 700 shares of the 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 acquisition, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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.