Marriott Vacations Worldwide Corp (VAC) Expected to Announce Quarterly Sales of $497.07 Million

Equities research analysts expect Marriott Vacations Worldwide Corp (NYSE:VAC) to announce sales of $497.07 million for the current quarter, Zacks reports. Three analysts have provided estimates for Marriott Vacations Worldwide’s earnings, with the lowest sales estimate coming in at $482.00 million and the highest estimate coming in at $515.02 million. Marriott Vacations Worldwide reported sales of $564.74 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 12%. The firm is scheduled to announce its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Marriott Vacations Worldwide will report full year sales of $497.07 million for the current fiscal year, with estimates ranging from $1.95 billion to $1.99 billion. For the next financial year, analysts anticipate that the business will report sales of $2.10 billion per share, with estimates ranging from $2.06 billion to $2.15 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.14 by $0.27. Marriott Vacations Worldwide had a return on equity of 17.91% and a net margin of 8.28%. The business had revenue of $486.99 million during the quarter, compared to the consensus estimate of $470.05 million. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year.

VAC has been the subject of several analyst reports. Zacks Investment Research downgraded Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 5th. Nomura raised their target price on Marriott Vacations Worldwide from $151.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Stifel Nicolaus restated a “buy” rating and issued a $130.00 target price (up previously from $120.00) on shares of Marriott Vacations Worldwide in a research note on Thursday, September 21st. ValuEngine downgraded Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Instinet initiated coverage on Marriott Vacations Worldwide in a research note on Wednesday, October 25th. They issued a “buy” rating and a $151.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $133.22.

Shares of Marriott Vacations Worldwide (VAC) traded down $1.66 during midday trading on Friday, reaching $135.63. The company’s stock had a trading volume of 127,100 shares, compared to its average volume of 146,500. Marriott Vacations Worldwide has a fifty-two week low of $79.79 and a fifty-two week high of $143.53. The company has a current ratio of 6.64, a quick ratio of 4.65 and a debt-to-equity ratio of 1.21. The company has a market cap of $3,590.00, a P/E ratio of 22.34 and a beta of 1.20.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Wednesday, December 20th. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.35. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 26.36%.

In other news, Director Melquiades R. Martinez sold 2,812 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $133.14, for a total transaction of $374,389.68. Following the completion of the sale, the director now owns 445 shares in the company, valued at approximately $59,247.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO R. Lee Cunningham sold 9,000 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $135.02, for a total value of $1,215,180.00. Following the sale, the chief operating officer now owns 19,356 shares of the company’s stock, valued at approximately $2,613,447.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,312 shares of company stock valued at $1,925,645. Corporate insiders own 3.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of VAC. Schwab Charles Investment Management Inc. boosted its position in shares of Marriott Vacations Worldwide by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 139,433 shares of the company’s stock valued at $16,419,000 after acquiring an additional 1,519 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Marriott Vacations Worldwide by 43.9% during the 2nd quarter. First Trust Advisors LP now owns 23,109 shares of the company’s stock valued at $2,721,000 after buying an additional 7,045 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Marriott Vacations Worldwide by 54.6% during the 2nd quarter. SG Americas Securities LLC now owns 2,085 shares of the company’s stock valued at $246,000 after buying an additional 736 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Marriott Vacations Worldwide by 11.2% during the 2nd quarter. Legal & General Group Plc now owns 45,856 shares of the company’s stock valued at $5,400,000 after buying an additional 4,610 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Marriott Vacations Worldwide by 61.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,356 shares of the company’s stock valued at $984,000 after buying an additional 3,174 shares in the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.

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Marriott Vacations Worldwide 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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