Brokers Issue Forecasts for Marriott Vacations Worldwide Co.’s Q2 2024 Earnings (NYSE:VAC)

Marriott Vacations Worldwide Co. (NYSE:VAC) – Investment analysts at Zacks Research upped their Q2 2024 earnings per share estimates for shares of Marriott Vacations Worldwide in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst M. Kaushik now expects that the company will post earnings of $2.14 per share for the quarter, up from their prior forecast of $2.12. The consensus estimate for Marriott Vacations Worldwide’s current full-year earnings is $7.81 per share. Zacks Research also issued estimates for Marriott Vacations Worldwide’s Q3 2024 earnings at $1.71 EPS, Q4 2024 earnings at $2.16 EPS, Q2 2025 earnings at $2.63 EPS, Q4 2025 earnings at $2.01 EPS and FY2026 earnings at $8.92 EPS.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.08. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 EPS.

VAC has been the topic of a number of other research reports. Truist Financial boosted their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. boosted their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Barclays boosted their target price on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Mizuho assumed coverage on Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $128.00 target price on the stock. Finally, JMP Securities boosted their target price on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and an average price target of $109.71.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC opened at $97.99 on Thursday. Marriott Vacations Worldwide has a 52-week low of $72.78 and a 52-week high of $140.30. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 15.68 and a beta of 1.85. The stock’s fifty day simple moving average is $96.62 and its 200 day simple moving average is $89.06.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a $0.76 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.10%. Marriott Vacations Worldwide’s dividend payout ratio is currently 48.64%.

Institutional Trading of Marriott Vacations Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pallas Capital Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth about $3,920,000. Nordea Investment Management AB lifted its position in shares of Marriott Vacations Worldwide by 81.6% in the fourth quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock worth $2,775,000 after buying an additional 14,646 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Marriott Vacations Worldwide by 234,864.3% in the fourth quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock worth $5,585,000 after buying an additional 65,762 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Marriott Vacations Worldwide by 146.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,366 shares of the company’s stock worth $439,000 after buying an additional 2,593 shares during the last quarter. Finally, New South Capital Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 113.4% in the third quarter. New South Capital Management Inc. now owns 246,297 shares of the company’s stock worth $24,785,000 after buying an additional 130,872 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.