Wall Street brokerages forecast that Marriott Vacations Worldwide Corp (NYSE:VAC) will report earnings per share of $1.47 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Marriott Vacations Worldwide’s earnings. The lowest EPS estimate is $1.32 and the highest is $1.62. Marriott Vacations Worldwide reported earnings of $1.56 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 5.8%. The business is expected to issue its next quarterly earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Marriott Vacations Worldwide will report full year earnings of $5.83 per share for the current fiscal year, with EPS estimates ranging from $5.71 to $5.91. For the next financial year, analysts anticipate that the firm will report earnings of $8.29 per share, with EPS estimates ranging from $7.15 to $10.36. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Marriott Vacations Worldwide.
Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.34). The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $717.48 million. Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share.
A number of analysts have recently commented on VAC shares. Zacks Investment Research cut Marriott Vacations Worldwide from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 17th. ValuEngine cut Marriott Vacations Worldwide from a “sell” rating to a “strong sell” rating in a research note on Monday, October 8th. Finally, Nomura set a $158.00 price target on Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Marriott Vacations Worldwide presently has a consensus rating of “Buy” and an average target price of $137.20.
In other Marriott Vacations Worldwide news, Director Charles Elliott Andrews bought 6,380 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was acquired at an average cost of $79.17 per share, with a total value of $505,104.60. Following the purchase, the director now owns 6,380 shares in the company, valued at $505,104.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen P. Weisz bought 2,355 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were acquired at an average cost of $81.22 per share, with a total value of $191,273.10. Following the completion of the purchase, the chief executive officer now owns 186,352 shares in the company, valued at approximately $15,135,509.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 14,735 shares of company stock valued at $1,156,758. 3.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in Marriott Vacations Worldwide during the 2nd quarter worth approximately $108,000. Macquarie Group Ltd. increased its stake in Marriott Vacations Worldwide by 266.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,100 shares of the company’s stock worth $124,000 after purchasing an additional 800 shares in the last quarter. Moneta Group Investment Advisors LLC bought a new stake in Marriott Vacations Worldwide during the 2nd quarter worth approximately $132,000. Cerebellum GP LLC bought a new stake in Marriott Vacations Worldwide during the 3rd quarter worth approximately $151,000. Finally, First Republic Investment Management Inc. bought a new stake in Marriott Vacations Worldwide during the 3rd quarter worth approximately $203,000. 79.32% of the stock is owned by institutional investors and hedge funds.
Shares of VAC stock opened at $72.60 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.83 and a quick ratio of 3.00. The stock has a market capitalization of $3.66 billion, a PE ratio of 12.56, a P/E/G ratio of 1.34 and a beta of 1.51. Marriott Vacations Worldwide has a one year low of $72.10 and a one year high of $154.14.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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