Marriott Vacations Worldwide (NYSE:VAC) Updates FY 2024 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.050-6.400 for the period, compared to the consensus earnings per share estimate of 6.040. The company issued revenue guidance of -. Marriott Vacations Worldwide also updated its FY24 guidance to $6.05-6.40 EPS.

Marriott Vacations Worldwide Trading Down 0.4 %

Marriott Vacations Worldwide stock traded down $0.38 during trading hours on Friday, hitting $95.60. The company had a trading volume of 776,195 shares, compared to its average volume of 366,572. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The firm has a market cap of $3.35 billion, a P/E ratio of 18.22, a P/E/G ratio of 0.79 and a beta of 1.79. The company has a 50-day moving average price of $76.08 and a two-hundred day moving average price of $82.74. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.27. Marriott Vacations Worldwide had a return on equity of 10.94% and a net margin of 4.20%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. On average, sell-side analysts anticipate that Marriott Vacations Worldwide will post 6.08 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a dividend of $0.76 per share. 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 payout ratio is 57.90%.

Analysts Set New Price Targets

Several analysts recently weighed in on VAC shares. The Goldman Sachs Group started coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price objective for the company. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday. JMP Securities lowered their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research report on Friday, August 2nd. Barclays increased their price objective on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Truist Financial reduced their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $98.95.

Insider Activity

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.