Marriott Vacations Worldwide Corp. (VAC) Announces Quarterly Results
Marriott Vacations Worldwide Corp. (NYSE:VAC) posted its quarterly earnings results on Thursday. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.33, AnalystRatings.Net reports. The company had revenue of $412.00 million for the quarter, compared to the consensus estimate of $400.32 million.
Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) opened at 44.50 on Thursday. Marriott Vacations Worldwide Corp. has a one year low of $37.29 and a one year high of $47.92. The stock’s 50-day moving average is $44.13 and its 200-day moving average is $44.28. The company has a market cap of $1.574 billion and a P/E ratio of 31.25.
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 a related note, 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 research analysts have rated the stock with a buy rating, The company currently has a consensus 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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