Marriot Vacations Worldwide Corporation (NYSE:VAC) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $5.30-5.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.34.

A number of analysts have recently issued reports on the company. Telsey Advisory Group boosted their target price on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the stock a market perform rating in a report on Friday, August 4th. Nomura assumed coverage on Marriot Vacations Worldwide Corporation in a report on Wednesday, October 25th. They set a buy rating and a $151.00 target price for the company. Zacks Investment Research cut Marriot Vacations Worldwide Corporation from a buy rating to a hold rating in a report on Thursday, July 13th. BidaskClub cut Marriot Vacations Worldwide Corporation from a sell rating to a strong sell rating in a report on Monday, August 14th. Finally, ValuEngine cut Marriot Vacations Worldwide Corporation from a buy rating to a hold rating in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Marriot Vacations Worldwide Corporation has a consensus rating of Hold and an average price target of $132.22.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, beating 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 business had revenue of $497.62 million for the quarter, compared to the consensus estimate of $489.85 million. During the same period last year, the business earned $1.08 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 21st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, September 20th. Marriot Vacations Worldwide Corporation’s payout ratio is 25.18%.

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

In related news, VP Brian E. Miller sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $114.61, for a total value of $1,203,405.00. Following the transaction, the vice president now directly owns 12,058 shares of the company’s stock, valued at approximately $1,381,967.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder J W. Marriott, Jr. sold 5,962 shares of the firm’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 completion of the transaction, the insider now directly owns 12,144 shares in the company, valued at $1,386,601.92. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.

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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.

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

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