Zacks: Analysts Expect Marriott Vacations Worldwide Corp (VAC) to Post $1.16 EPS

Analysts expect Marriott Vacations Worldwide Corp (NYSE:VAC) to post $1.16 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marriott Vacations Worldwide’s earnings. The highest EPS estimate is $1.25 and the lowest is $1.06. Marriott Vacations Worldwide reported earnings of $1.83 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 36.6%. The company is expected to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Marriott Vacations Worldwide will report full-year earnings of $5.38 per share for the current year, with EPS estimates ranging from $5.28 to $5.48. For the next fiscal year, analysts anticipate that the business will post earnings of $6.12 per share, with EPS estimates ranging from $5.95 to $6.42. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Marriott Vacations Worldwide.

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

VAC has been the subject of a number of research reports. Nomura increased their price objective on Marriott Vacations Worldwide from $151.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Instinet initiated coverage on Marriott Vacations Worldwide in a report on Wednesday, October 25th. They set a “buy” rating and a $151.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price objective (up from $120.00) on shares of Marriott Vacations Worldwide in a report on Thursday, September 21st. Zacks Investment Research downgraded Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, ValuEngine downgraded Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $133.22.

In other Marriott Vacations Worldwide news, VP Michael E. Yonker sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $134.43, for a total value of $336,075.00. Following the completion of the transaction, the vice president now directly owns 3,128 shares in the company, valued at $420,497.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Melquiades R. Martinez sold 2,812 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $133.14, for a total value of $374,389.68. Following the completion of the transaction, the director now owns 445 shares of the company’s stock, valued at $59,247.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,312 shares of company stock valued at $1,925,645. Corporate insiders own 3.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of VAC. JPMorgan Chase & Co. grew its stake in Marriott Vacations Worldwide by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after purchasing an additional 77 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Marriott Vacations Worldwide during the 2nd quarter worth approximately $196,000. M&T Bank Corp bought a new position in shares of Marriott Vacations Worldwide during the 2nd quarter worth approximately $204,000. Capital Investment Advisors LLC bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $206,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Marriott Vacations Worldwide by 87.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,896 shares of the company’s stock worth $210,000 after acquiring an additional 887 shares during the period. Hedge funds and other institutional investors own 74.00% of the company’s stock.

Marriott Vacations Worldwide (NYSE VAC) traded up $3.41 during trading hours on Friday, hitting $139.30. The company had a trading volume of 201,328 shares, compared to its average volume of 180,316. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.65 and a current ratio of 6.64. The company has a market capitalization of $3,690.00, a P/E ratio of 22.95 and a beta of 1.20. Marriott Vacations Worldwide has a fifty-two week low of $82.11 and a fifty-two week high of $143.53.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, December 20th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 26.36%.

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About Marriott Vacations Worldwide

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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