Marriott Vacations Worldwide (NYSE:VAC) Updates FY 2024 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.050-6.400 for the period, compared to the consensus EPS estimate of 6.040. The company issued revenue guidance of -. Marriott Vacations Worldwide also updated its FY24 guidance to $6.05-6.40 EPS.

Marriott Vacations Worldwide Trading Down 0.4 %

Marriott Vacations Worldwide stock traded down $0.38 during mid-day trading on Friday, hitting $95.60. The company’s stock had a trading volume of 776,195 shares, 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 stock has a market cap of $3.35 billion, a PE ratio of 18.22, a P/E/G ratio of 0.79 and a beta of 1.79. The company has a 50 day moving average of $76.08 and a 200-day moving average of $82.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28.

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

Marriott Vacations Worldwide Dividend Announcement

The company 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. This represents a $3.04 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 57.90%.

Wall Street Analyst Weigh In

VAC has been the topic of several research reports. The Goldman Sachs Group assumed coverage on Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They set a “sell” rating and a $62.00 price target on the stock. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday. JMP Securities dropped their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research note on Friday, August 2nd. Truist Financial reduced 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 note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $98.95.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, insider Jason P. Marino bought 700 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.