Marriott Vacations Worldwide Corp. (VAC) Issues FY13 Earnings Guidance
Marriott Vacations Worldwide Corp. (NYSE:VAC) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.21-2.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.11, AnalystRatingsNetwork.com reports.
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.
Marriott Vacations Worldwide Corp. (NYSE:VAC) last announced its earnings results on Thursday, October 10th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.33. The company had revenue of $412.00 million for the quarter, compared to the consensus estimate of $400.32 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that Marriott Vacations Worldwide Corp. will post $2.11 EPS for the current fiscal year.
A number of research firms have recently commented on VAC. 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 investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target 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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