Brokerages expect Marriot Vacations Worldwide Corporation (NYSE:VAC) to report sales of $484.14 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Marriot Vacations Worldwide Corporation’s earnings, with the highest sales estimate coming in at $514.53 million and the lowest estimate coming in at $464.90 million. Marriot Vacations Worldwide Corporation reported sales of $406.99 million in the same quarter last year, which suggests a positive year over year growth rate of 19%. The firm is scheduled to report its next quarterly earnings report on Thursday, October 12th.

On average, analysts expect that Marriot Vacations Worldwide Corporation will report full-year sales of $484.14 million for the current year, with estimates ranging from $1.96 billion to $2.04 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.12 billion per share, with estimates ranging from $2.05 billion to $2.18 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Marriot Vacations Worldwide Corporation.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $497.62 million for the quarter, compared to analysts’ expectations of $489.85 million. During the same quarter in the prior year, the business earned $1.08 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis.

VAC has been the topic of several research reports. Buckingham Research assumed coverage on Marriot Vacations Worldwide Corporation in a research note on Monday, June 19th. They issued a “buy” rating and a $142.00 target price on the stock. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Thursday, July 6th. BidaskClub cut Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. ValuEngine upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus boosted their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $125.43.

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In other Marriot Vacations Worldwide Corporation news, insider Laurie A. Sullivan sold 1,407 shares of the company’s 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 owns 100 shares of the company’s stock, valued at approximately $12,104. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder J W. Marriott, Jr. sold 5,962 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value of $680,741.16. Following the transaction, the insider now directly owns 12,144 shares of the company’s stock, valued at approximately $1,386,601.92. The disclosure for this sale can be found here. Insiders have sold a total of 54,323 shares of company stock valued at $6,399,563 in the last ninety days. 3.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. raised its position in Marriot Vacations Worldwide Corporation by 0.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 5,858 shares of the company’s stock valued at $585,000 after purchasing an additional 15 shares during the last quarter. Creative Planning raised its position in Marriot Vacations Worldwide Corporation by 3.2% during the 2nd quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after purchasing an additional 40 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Marriot Vacations Worldwide Corporation by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,686 shares of the company’s stock valued at $899,000 after purchasing an additional 50 shares during the last quarter. Amalgamated Bank raised its position in Marriot Vacations Worldwide Corporation by 1.7% during the 2nd quarter. Amalgamated Bank now owns 3,097 shares of the company’s stock valued at $365,000 after purchasing an additional 51 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Marriot Vacations Worldwide Corporation by 7.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after purchasing an additional 77 shares during the last quarter. 75.63% of the stock is owned by institutional investors and hedge funds.

Shares of Marriot Vacations Worldwide Corporation (VAC) opened at 113.33 on Friday. The company has a 50-day moving average price of $113.40 and a 200-day moving average price of $110.29. Marriot Vacations Worldwide Corporation has a 1-year low of $59.33 and a 1-year high of $128.25. The company has a market cap of $3.06 billion, a PE ratio of 20.38 and a beta of 1.15.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s payout ratio is 25.18%.

Marriot Vacations Worldwide Corporation declared that its board has approved a share repurchase plan on Thursday, August 3rd that allows the company to buyback 1,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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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