Analysts expect that Marriot Vacations Worldwide Corporation (NYSE:VAC) will post $1.19 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Marriot Vacations Worldwide Corporation’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.27. Marriot Vacations Worldwide Corporation posted earnings of $0.96 per share during the same quarter last year, which would indicate a positive year over year growth rate of 24%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 12th.

According to Zacks, analysts expect that Marriot Vacations Worldwide Corporation will report full year earnings of $5.52 per share for the current year, with EPS estimates ranging from $5.51 to $5.53. For the next year, analysts anticipate that the company will post earnings of $5.99 per share, with EPS estimates ranging from $5.72 to $6.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Marriot Vacations Worldwide Corporation.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The firm had revenue of $497.62 million during the quarter, compared to analyst estimates of $489.85 million. During the same period last year, the company posted $1.08 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year.

Several brokerages have issued reports on VAC. Deutsche Bank AG increased their price target on Marriot Vacations Worldwide Corporation from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Monday, May 8th. Zacks Investment Research downgraded Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. BidaskClub downgraded Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Stifel Nicolaus upped their price objective on Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Finally, Buckingham Research initiated coverage on Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They set a “buy” rating and a $142.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $116.13.

Shares of Marriot Vacations Worldwide Corporation (NYSE VAC) traded down 0.5519% during midday trading on Tuesday, reaching $113.9874. The company’s stock had a trading volume of 87,423 shares. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 21.7409 and a beta of 1.14. The stock has a 50-day moving average of $118.04 and a 200 day moving average of $104.92. Marriot Vacations Worldwide Corporation has a 12 month low of $59.33 and a 12 month high of $128.25.

Marriot Vacations Worldwide Corporation declared that its board has authorized a stock repurchase program on Thursday, August 3rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

In related news, insider Laurie A. Sullivan sold 1,407 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $121.04, for a total transaction of $170,303.28. Following the completion of the transaction, the insider now directly owns 100 shares of the company’s stock, valued at $12,104. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lizabeth Kane-Hanan sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $119.00, for a total value of $595,000.00. Following the transaction, the vice president now directly owns 27,832 shares of the company’s stock, valued at $3,312,008. The disclosure for this sale can be found here. Insiders have sold 42,861 shares of company stock valued at $5,110,417 over the last ninety days. 3.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its position in shares of Marriot Vacations Worldwide Corporation by 15.2% in the second quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock valued at $6,836,000 after buying an additional 7,674 shares during the period. Virginia Retirement Systems ET AL boosted its position in shares of Marriot Vacations Worldwide Corporation by 235.5% in the second quarter. Virginia Retirement Systems ET AL now owns 10,400 shares of the company’s stock valued at $1,225,000 after buying an additional 7,300 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Marriot Vacations Worldwide Corporation by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 10,892 shares of the company’s stock valued at $1,283,000 after buying an additional 98 shares during the period. Everence Capital Management Inc. bought a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter valued at approximately $212,000. Finally, Turner Investments LLC bought a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter valued at approximately $177,000. 78.93% of the stock is owned by hedge funds and other institutional investors.

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Marriot Vacations Worldwide Corporation Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

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Earnings History and Estimates for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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