Marriott Vacations Worldwide (NYSE:VAC) Updates FY24 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $6.05-6.40 for the period, compared to the consensus EPS estimate of $6.00. Marriott Vacations Worldwide also updated its FY 2024 guidance to 6.050-6.400 EPS.

Marriott Vacations Worldwide Price Performance

VAC stock traded down $0.38 during midday trading on Friday, reaching $95.60. The stock had a trading volume of 776,195 shares, compared to its average volume of 366,572. Marriott Vacations Worldwide has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The company’s fifty day simple moving average is $76.08 and its 200 day simple moving average is $82.74. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 0.79 and a beta of 1.79.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, November 6th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.27. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. Marriott Vacations Worldwide had a return on equity of 10.94% and a net margin of 4.20%. As a group, sell-side analysts predict that Marriott Vacations Worldwide will post 6.08 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is presently 57.90%.

Analysts Set New Price Targets

VAC has been the topic of a number of analyst reports. Stifel Nicolaus lowered their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Barclays lifted their price target on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday. Finally, The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and an average price target of $98.95.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.