Marriot Vacations Worldwide Corporation (VAC) Set to Announce Earnings on Thursday
Marriot Vacations Worldwide Corporation (NYSE:VAC) will release its earnings data before the market opens on Thursday, November 2nd. Analysts expect Marriot Vacations Worldwide Corporation to post earnings of $1.14 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 issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share (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 firm had revenue of $497.62 million for the quarter, compared to the consensus estimate of $489.85 million. During the same quarter in the previous year, the firm earned $1.08 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts expect Marriot Vacations Worldwide Corporation to post $5.41 EPS for the current fiscal year and $6.06 EPS for the next fiscal year.
Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at 129.66 on Thursday. Marriot Vacations Worldwide Corporation has a 12 month low of $61.03 and a 12 month high of $130.84. The stock has a 50 day moving average of $121.69 and a 200-day moving average of $116.11. The stock has a market cap of $3.50 billion, a P/E ratio of 23.32 and a beta of 1.13.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 21st were issued a $0.35 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $1.40 annualized dividend and a yield of 1.08%. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is 25.18%.
Marriot Vacations Worldwide Corporation announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 3rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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VAC has been the topic of several analyst reports. Zacks Investment Research raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Thursday, July 6th. BidaskClub cut shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Telsey Advisory Group raised their target price on shares of Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a report on Friday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $112.00 target price (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a report on Wednesday, August 9th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $140.00 target price on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Marriot Vacations Worldwide Corporation has an average rating of “Hold” and a consensus target price of $132.22.
In other Marriot Vacations Worldwide Corporation news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the 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 in the company, valued at $1,386,601.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian E. Miller sold 10,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 12,058 shares in the company, valued at $1,381,967.38. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
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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