Brokerages forecast that Marriott Vacations Worldwide Corp (NYSE:VAC) will post sales of $534.07 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Marriott Vacations Worldwide’s earnings, with estimates ranging from $508.00 million to $570.10 million. Marriott Vacations Worldwide posted sales of $487.49 million during the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The business is scheduled to issue its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Marriott Vacations Worldwide will report full year sales of $534.07 million for the current year, with estimates ranging from $2.08 billion to $2.31 billion. For the next year, analysts expect that the company will post sales of $2.21 billion per share, with estimates ranging from $2.18 billion to $2.24 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Marriott Vacations Worldwide.
Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.40. Marriott Vacations Worldwide had a net margin of 11.61% and a return on equity of 16.46%. The company had revenue of $481.22 million during the quarter, compared to analysts’ expectations of $491.36 million. During the same period last year, the company posted $1.83 EPS. Marriott Vacations Worldwide’s revenue was down 14.8% on a year-over-year basis.
In other Marriott Vacations Worldwide news, VP Michael E. Yonker sold 2,636 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $143.21, for a total transaction of $377,501.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dwight D. Smith sold 1,250 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $146.60, for a total transaction of $183,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,128 shares of company stock valued at $748,368. 3.30% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Valeo Financial Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Marriott Vacations Worldwide by 56.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,205 shares of the company’s stock worth $163,000 after acquiring an additional 435 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Marriott Vacations Worldwide by 42.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,231 shares of the company’s stock worth $166,000 after acquiring an additional 364 shares during the period. Capital Investment Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth approximately $206,000. Finally, Godsey & Gibb Associates bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth approximately $208,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
Marriott Vacations Worldwide (NYSE:VAC) opened at $147.80 on Tuesday. Marriott Vacations Worldwide has a 12-month low of $91.37 and a 12-month high of $154.14. The stock has a market cap of $3,920.00, a PE ratio of 25.35 and a beta of 1.29. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.71 and a current ratio of 5.22.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. Marriott Vacations Worldwide’s dividend payout ratio is currently 27.44%.
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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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