Marriott Vacations Worldwide (VAC) Set to Announce Earnings on Wednesday

Marriott Vacations Worldwide (NYSE:VAC) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.56 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.19 EPS. On average, analysts expect Marriott Vacations Worldwide to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $79.75 on Wednesday. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. The stock has a market cap of $2.80 billion, a P/E ratio of 14.74, a PEG ratio of 0.71 and a beta of 1.80. The company’s 50-day simple moving average is $74.38 and its 200 day simple moving average is $83.33.

Marriott Vacations Worldwide Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 3.81%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Barclays decreased their price objective on shares of Marriott Vacations Worldwide from $82.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 26th. The Goldman Sachs Group began coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price for the company. Truist Financial decreased their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Finally, StockNews.com downgraded Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $96.65.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is owned by company insiders.

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.