Marriott Vacations Worldwide Corp. (VAC) Set to Announce Quarterly Earnings on Thursday
Marriott Vacations Worldwide Corp. (NYSE:VAC) will issue its Q313 quarterly earnings data on Thursday, October 10th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $400.32 million for the quarter. Marriott Vacations Worldwide Corp. has set its FY13 guidance at $1.94-2.10 EPS.
Marriott Vacations Worldwide Corp. (NYSE:VAC) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.26. The company had revenue of $421.00 million for the quarter, compared to the consensus estimate of $403.25 million. During the same quarter last year, the company posted $0.33 earnings per share. Marriott Vacations Worldwide Corp.’s revenue was up 9.9% compared to the same quarter last year.
Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) opened at 44.68 on Wednesday. Marriott Vacations Worldwide Corp. has a 52-week low of $37.29 and a 52-week high of $47.92. The stock’s 50-day moving average is $44.11 and its 200-day moving average is $44.28. The company has a market cap of $1.581 billion and a P/E ratio of 31.99.
VAC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Marriott Vacations Worldwide Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $50.00 price target on the stock. On the ratings front, analysts at Sidoti initiated coverage on shares of Marriott Vacations Worldwide Corp. in a research note to investors on Friday, August 23rd. They set a “buy” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Marriott Vacations Worldwide Corp. from $43.00 to $38.00 in a research note to investors on Thursday, August 22nd. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $51.43.
Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacations ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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