Marriot Vacations Worldwide Corporation (NYSE:VAC) – Stock analysts at SunTrust Banks reduced their FY2017 earnings per share estimates for shares of Marriot Vacations Worldwide Corporation in a report issued on Thursday. SunTrust Banks analyst P. Scholes now anticipates that the company will post earnings of $5.36 per share for the year, down from their previous estimate of $5.59. SunTrust Banks also issued estimates for Marriot Vacations Worldwide Corporation’s Q1 2018 earnings at $1.59 EPS, Q2 2018 earnings at $1.78 EPS, Q3 2018 earnings at $1.55 EPS and Q4 2018 earnings at $1.50 EPS.

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group boosted their price objective on 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. Zacks Investment Research cut Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub cut Marriot Vacations Worldwide Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. ValuEngine cut Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Nomura began coverage on Marriot Vacations Worldwide Corporation in a research note on Wednesday, October 25th. They set a “buy” rating and a $151.00 target price for the company. 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. The company presently has a consensus rating of “Hold” and a consensus target price of $133.22.

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Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at $141.85 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 6.64 and a quick ratio of 3.60. The firm has a market cap of $3,758.32, a PE ratio of 23.41 and a beta of 1.20.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.27. The firm had revenue of $486.99 million for the quarter, compared to the consensus estimate of $470.05 million. Marriot Vacations Worldwide Corporation had a return on equity of 17.91% and a net margin of 8.28%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS.

Hedge funds have recently modified their holdings of the company. Prudential Financial Inc. raised its stake in shares of Marriot Vacations Worldwide Corporation by 15.2% during the 2nd quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock worth $6,836,000 after buying an additional 7,674 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Marriot Vacations Worldwide Corporation by 5.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 137,914 shares of the company’s stock valued at $13,782,000 after purchasing an additional 7,592 shares in the last quarter. Vanguard Group Inc. increased its stake in Marriot Vacations Worldwide Corporation by 10.2% in the 1st quarter. Vanguard Group Inc. now owns 1,934,276 shares of the company’s stock valued at $193,293,000 after purchasing an additional 179,768 shares in the last quarter. First Trust Advisors LP increased its stake in Marriot Vacations Worldwide Corporation by 43.9% in the 2nd quarter. First Trust Advisors LP now owns 23,109 shares of the company’s stock valued at $2,721,000 after purchasing an additional 7,045 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in Marriot Vacations Worldwide Corporation by 235.5% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 10,400 shares of the company’s stock valued at $1,225,000 after purchasing an additional 7,300 shares in the last quarter. 75.63% of the stock is owned by institutional investors and hedge funds.

In other Marriot Vacations Worldwide Corporation news, 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 stock was 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 directly owns 12,144 shares of the company’s stock, valued at approximately $1,386,601.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Marriot Vacations Worldwide Corporation announced that its Board of Directors has approved a share repurchase plan on Thursday, August 3rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are 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.

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

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