Equities analysts forecast that Marriott Vacations Worldwide Co. (NYSE:VAC) will post sales of $741.97 million for the current quarter, according to Zacks. Six analysts have provided estimates for Marriott Vacations Worldwide’s earnings, with the lowest sales estimate coming in at $636.72 million and the highest estimate coming in at $815.00 million. Marriott Vacations Worldwide reported sales of $1.15 billion in the same quarter last year, which would suggest a negative year over year growth rate of 35.5%. The company is expected to issue its next quarterly earnings report on Wednesday, February 24th.

According to Zacks, analysts expect that Marriott Vacations Worldwide will report full year sales of $2.89 billion for the current fiscal year, with estimates ranging from $2.78 billion to $3.01 billion. For the next year, analysts forecast that the firm will report sales of $3.56 billion, with estimates ranging from $3.38 billion to $3.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.14). Marriott Vacations Worldwide had a positive return on equity of 6.53% and a negative net margin of 2.94%. The company had revenue of $649.00 million for the quarter, compared to analyst estimates of $617.80 million. During the same quarter in the prior year, the firm earned $1.97 earnings per share. The company’s revenue for the quarter was down 39.1% on a year-over-year basis.

Several research firms have commented on VAC. ValuEngine raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Marriott Vacations Worldwide from $77.00 to $88.00 and gave the stock a “hold” rating in a research note on Monday, November 9th. Zacks Investment Research cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating and set a $136.00 target price for the company. in a research note on Friday, November 13th. Credit Suisse Group lifted their target price on shares of Marriott Vacations Worldwide from $117.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 6th. Finally, Truist boosted their price objective on shares of Marriott Vacations Worldwide from $120.00 to $132.00 in a research note on Friday, November 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $114.63.

In other Marriott Vacations Worldwide news, VP Dwight D. Smith sold 1,565 shares of the business’s stock in a transaction on Wednesday, November 18th. The shares were sold at an average price of $128.19, for a total value of $200,617.35. Following the transaction, the vice president now owns 16,194 shares in the company, valued at approximately $2,075,908.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John E. Geller, Jr. sold 20,000 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $128.58, for a total transaction of $2,571,600.00. Following the completion of the transaction, the vice president now owns 105,008 shares in the company, valued at approximately $13,501,928.64. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Marriott Vacations Worldwide by 43.6% in the first quarter. First Trust Advisors LP now owns 10,028 shares of the company’s stock valued at $938,000 after acquiring an additional 3,045 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 4.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,969 shares of the company’s stock valued at $737,000 after acquiring an additional 344 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Marriott Vacations Worldwide by 1.3% in the 2nd quarter. New York State Teachers Retirement System now owns 70,692 shares of the company’s stock valued at $5,812,000 after acquiring an additional 900 shares in the last quarter. Campbell Wealth Management purchased a new stake in Marriott Vacations Worldwide in the 2nd quarter worth approximately $39,000. Finally, Strs Ohio lifted its position in Marriott Vacations Worldwide by 40.4% in the 2nd quarter. Strs Ohio now owns 8,000 shares of the company’s stock worth $657,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 87.15% of the company’s stock.

Shares of Marriott Vacations Worldwide stock opened at $125.34 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.65 and a quick ratio of 2.94. Marriott Vacations Worldwide has a 1 year low of $30.10 and a 1 year high of $157.67. The company has a market capitalization of $5.15 billion, a P/E ratio of -45.74 and a beta of 2.38. The business has a 50 day moving average price of $105.02 and a 200 day moving average price of $93.13.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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Earnings History and Estimates for Marriott Vacations Worldwide (NYSE:VAC)

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