Marriott Vacations Worldwide (NYSE:VAC) Issues 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 Price Performance

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. 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 P/E ratio of 18.22, a P/E/G ratio of 0.79 and a beta of 1.79. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The stock’s fifty day moving average price is $76.08 and its two-hundred day moving average price is $82.74.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.27 billion. Research analysts forecast that Marriott Vacations Worldwide will post 6.08 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a dividend of $0.76 per share. 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 dividend payout ratio is currently 57.90%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price objective for the company. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price target 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. Stifel Nicolaus decreased their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, JMP Securities reduced their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. Two 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 data from MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $98.95.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Jason P. Marino purchased 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

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.