Marriott Vacations Worldwide (VAC) Expected to Announce Quarterly Earnings on Wednesday

Marriott Vacations Worldwide (NYSE:VAC) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Marriott Vacations Worldwide to post earnings of $1.51 per share and revenue of $1.24 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Marriott Vacations Worldwide Trading Up 2.2 %

Shares of VAC stock opened at $88.35 on Wednesday. Marriott Vacations Worldwide has a 52-week low of $67.28 and a 52-week high of $108.57. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 0.66 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The firm has a fifty day moving average of $87.71 and a 200-day moving average of $82.50.

Marriott Vacations Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 19th were paid a $0.79 dividend. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.58%. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VAC. Barclays upgraded shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $97.00 to $116.00 in a research note on Friday, December 13th. Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective for the company. Mizuho increased their price objective on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Truist Financial upped their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $105.67.

About Marriott Vacations Worldwide

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.