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 guidance of $6.05-6.40 for the period, compared to the consensus earnings per share 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 recently issued reports on VAC. The Goldman Sachs Group began coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price for the company. Barclays boosted their price objective on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research 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 for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped 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 research report on Tuesday, August 6th. Finally, Truist Financial dropped 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $98.95.

Marriott Vacations Worldwide Trading Down 0.4 %

VAC traded down $0.38 during trading on Friday, reaching $95.60. 776,195 shares of the company’s stock were exchanged, compared to its average volume of 366,572. The company’s fifty day moving average price is $76.08 and its 200-day moving average price is $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 has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The firm 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 released its earnings results on Wednesday, November 6th. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.27. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.94%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. As a group, equities analysts forecast that Marriott Vacations Worldwide will post 6.08 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared 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 of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 57.90%.

Insider Activity

In other news, insider Jason P. Marino purchased 700 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is 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.