Marriott Vacations Worldwide (NYSE:VAC) Issues FY24 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $7.45-8.16 for the period, compared to the consensus EPS estimate of $7.79. Marriott Vacations Worldwide also updated its FY 2024 guidance to 7.450-8.160 EPS.

Marriott Vacations Worldwide Stock Up 2.1 %

NYSE:VAC traded up $2.00 during trading hours on Thursday, reaching $98.50. The company’s stock had a trading volume of 61,889 shares, compared to its average volume of 515,870. The company has a market capitalization of $3.47 billion, a P/E ratio of 15.45 and a beta of 1.85. Marriott Vacations Worldwide has a 12 month low of $72.78 and a 12 month high of $134.09. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15. The stock has a 50 day moving average price of $99.02 and a two-hundred day moving average price of $89.39.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.54 earnings per share. Equities analysts predict that Marriott Vacations Worldwide will post 7.8 EPS for the current fiscal year.

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 issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s payout ratio is 48.64%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stifel Nicolaus upped their price target on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a buy rating in a report on Tuesday. Mizuho assumed coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, March 26th. They issued a buy rating and a $128.00 price target on the stock. Barclays upped their price target on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an equal weight rating in a report on Wednesday. JMP Securities upped their price objective on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a market outperform rating in a research report on Monday, February 26th. Finally, Truist Financial upped their price objective on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $111.13.

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.