Marriot Vacations Worldwide Corporation (VAC) Set to Announce Quarterly Earnings on Wednesday
Marriot Vacations Worldwide Corporation (NYSE:VAC) is set to announce its earnings results before the market opens on Wednesday, October 11th. Analysts expect the company to announce earnings of $1.21 per share for the quarter. Marriot Vacations Worldwide Corporation has set its FY17 guidance at $5.31-5.52 EPS.
Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its earnings results on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.34. The company had revenue of $497.62 million during the quarter, compared to the consensus estimate of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, analysts expect Marriot Vacations Worldwide Corporation to post $5.45 EPS for the current fiscal year and $6.10 EPS for the next fiscal year.
Marriot Vacations Worldwide Corporation (VAC) opened at 126.75 on Wednesday. The company’s 50 day moving average price is $115.85 and its 200-day moving average price is $112.93. The company has a market cap of $3.43 billion, a P/E ratio of 22.80 and a beta of 1.13. Marriot Vacations Worldwide Corporation has a one year low of $59.33 and a one year high of $128.75.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.40 annualized dividend and a dividend yield of 1.10%. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is presently 25.18%.
Marriot Vacations Worldwide Corporation declared that its Board of Directors has approved a stock repurchase plan on Thursday, August 3rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, major shareholder J W. Marriott, Jr. sold 5,962 shares of Marriot Vacations Worldwide Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total transaction of $680,741.16. Following the completion of the sale, the insider now owns 12,144 shares in the company, valued at approximately $1,386,601.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brian E. Miller sold 10,500 shares of Marriot Vacations Worldwide Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the sale, the vice president now owns 12,058 shares of the company’s stock, valued at approximately $1,381,967.38. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.
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A number of research firms recently weighed in on VAC. ValuEngine lowered shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $130.00 price objective (up previously from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Thursday, September 21st. Janney Montgomery Scott restated a “buy” rating and set a $140.00 target price on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. BidaskClub upgraded Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $112.00 target price (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $126.86.
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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