Marriott Vacations Worldwide Corp (NYSE:VAC) – Equities researchers at Jefferies Financial Group raised their Q4 2019 earnings estimates for shares of Marriott Vacations Worldwide in a research report issued to clients and investors on Wednesday, November 6th. Jefferies Financial Group analyst D. Katz now anticipates that the company will earn $2.68 per share for the quarter, up from their previous forecast of $2.48. Jefferies Financial Group also issued estimates for Marriott Vacations Worldwide’s Q1 2020 earnings at $1.69 EPS, Q2 2020 earnings at $2.23 EPS, Q3 2020 earnings at $1.95 EPS, Q1 2021 earnings at $2.09 EPS, Q2 2021 earnings at $2.75 EPS, Q3 2021 earnings at $2.45 EPS and FY2021 earnings at $10.71 EPS.
Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Monday, November 4th. The company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.07). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. Marriott Vacations Worldwide had a return on equity of 9.34% and a net margin of 2.50%. The business’s revenue was up 51.9% on a year-over-year basis. During the same period last year, the company earned $1.42 EPS.
VAC has been the topic of a number of other reports. Nomura set a $136.00 target price on Marriott Vacations Worldwide and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Deutsche Bank reiterated a “hold” rating and issued a $107.00 target price on shares of Marriott Vacations Worldwide in a research report on Sunday, October 6th. Credit Suisse Group boosted their target price on Marriott Vacations Worldwide from $124.00 to $132.00 and gave the stock an “outperform” rating in a research report on Wednesday. ValuEngine upgraded Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. decreased their target price on Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Marriott Vacations Worldwide currently has a consensus rating of “Hold” and an average price target of $126.50.
Shares of NYSE:VAC traded down $0.54 during mid-day trading on Friday, reaching $117.69. The stock had a trading volume of 238,504 shares, compared to its average volume of 381,816. The company has a current ratio of 3.41, a quick ratio of 2.62 and a debt-to-equity ratio of 1.21. The company has a market cap of $5.04 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.63 and a beta of 1.70. Marriott Vacations Worldwide has a 1 year low of $60.67 and a 1 year high of $120.61. The business’s 50 day moving average price is $107.57 and its 200 day moving average price is $99.97.
Hedge funds and other institutional investors have recently modified their holdings of the company. Knuff & Co LLC purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter worth approximately $25,000. Steward Partners Investment Advisory LLC bought a new position in Marriott Vacations Worldwide in the second quarter worth approximately $26,000. Whittier Trust Co. grew its stake in Marriott Vacations Worldwide by 59.1% in the third quarter. Whittier Trust Co. now owns 342 shares of the company’s stock worth $35,000 after purchasing an additional 127 shares in the last quarter. Doyle Wealth Management bought a new position in Marriott Vacations Worldwide in the second quarter worth approximately $52,000. Finally, Asset Planning Services Ltd. grew its stake in Marriott Vacations Worldwide by 11.8% in the second quarter. Asset Planning Services Ltd. now owns 1,190 shares of the company’s stock worth $115,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 81.19% of the company’s stock.
In other Marriott Vacations Worldwide news, Director Thomas J. Hutchison III sold 984 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $107.71, for a total transaction of $105,986.64. Following the sale, the director now directly owns 20,449 shares in the company, valued at $2,202,561.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO R. Lee Cunningham sold 3,259 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $112.64, for a total value of $367,093.76. Following the completion of the sale, the chief operating officer now owns 35,440 shares in the company, valued at $3,991,961.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,084 shares of company stock worth $1,109,736. Company insiders own 2.30% of the company’s stock.
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, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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