Wall Street brokerages forecast that Marriot Vacations Worldwide Corporation (NYSE:VAC) will announce $467.21 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Marriot Vacations Worldwide Corporation’s earnings. The highest sales estimate is $502.82 million and the lowest is $447.80 million. Marriot Vacations Worldwide Corporation reported sales of $406.99 million in the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The firm is scheduled to report its next earnings report before the market opens on Thursday, November 2nd.

On average, analysts expect that Marriot Vacations Worldwide Corporation will report full year sales of $467.21 million for the current financial year, with estimates ranging from $1.94 billion to $2.01 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.11 billion per share, with estimates ranging from $2.04 billion to $2.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Marriot Vacations Worldwide Corporation.

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

A number of equities research analysts have issued reports on VAC shares. Zacks Investment Research raised 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 “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Telsey Advisory Group increased their price objective on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, August 4th. Deutsche Bank AG reissued a “hold” rating and issued a $112.00 price objective (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday, August 9th. Finally, Janney Montgomery Scott reissued a “buy” rating and issued a $140.00 price objective on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Marriot Vacations Worldwide Corporation has a consensus rating of “Hold” and a consensus price target of $126.86.

Marriot Vacations Worldwide Corporation (NYSE VAC) opened at 127.53 on Monday. The stock’s 50 day moving average is $120.81 and its 200-day moving average is $115.36. Marriot Vacations Worldwide Corporation has a 52-week low of $61.03 and a 52-week high of $128.75. The firm has a market capitalization of $3.45 billion, a PE ratio of 22.94 and a beta of 1.13.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 21st were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $1.40 annualized dividend and a yield of 1.10%. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is currently 25.18%.

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In other Marriot Vacations Worldwide Corporation news, VP Brian E. Miller sold 10,500 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the completion of the transaction, the vice president now directly owns 12,058 shares in the company, valued at $1,381,967.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder J W. Marriott, Jr. sold 5,962 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $114.18, for a total value of $680,741.16. Following the transaction, the insider now owns 12,144 shares of the company’s stock, valued at $1,386,601.92. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its stake in shares of Marriot Vacations Worldwide Corporation by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 7,213 shares of the company’s stock valued at $721,000 after buying an additional 126 shares in the last quarter. Prudential Financial Inc. increased its stake 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 in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Marriot Vacations Worldwide Corporation by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 137,914 shares of the company’s stock valued at $13,782,000 after buying an additional 7,592 shares in the last quarter. AXA acquired a new stake in shares of Marriot Vacations Worldwide Corporation in the first quarter valued at $210,000. Finally, Vanguard Group Inc. increased its stake in shares of Marriot Vacations Worldwide Corporation by 10.2% in the first quarter. Vanguard Group Inc. now owns 1,934,276 shares of the company’s stock valued at $193,293,000 after buying an additional 179,768 shares in the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.

About Marriot Vacations Worldwide Corporation

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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