Marriott Vacations Worldwide (VAC) Set to Announce Quarterly Earnings on Monday

Marriott Vacations Worldwide (NYSE:VAC) is set to announce its earnings results after the market closes on Monday, May 6th. Analysts expect Marriott Vacations Worldwide to post earnings of $1.66 per share for the quarter. Marriott Vacations Worldwide has set its FY24 guidance at $7.65-$8.35 EPS and its FY 2024 guidance at 7.650-8.350 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $2.74 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect Marriott Vacations Worldwide to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Marriott Vacations Worldwide Trading Down 0.5 %

Shares of NYSE:VAC opened at $97.18 on Friday. The business has a 50-day moving average price of $98.83 and a 200-day moving average price of $89.27. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 15.55 and a beta of 1.85. Marriott Vacations Worldwide has a 52-week low of $72.78 and a 52-week high of $137.20. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is presently 48.64%.

Analyst Ratings Changes

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

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.