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

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

Wall Street Analyst Weigh In

Several analysts have commented on VAC shares. Truist Financial dropped their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a report on Friday, July 19th. The Goldman Sachs Group initiated coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price objective on the stock. JMP Securities lowered their price objective on 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 upped their price objective on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $98.95.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded down $0.38 during mid-day trading on Friday, hitting $95.60. 776,195 shares of the stock were exchanged, compared to its average volume of 366,572. The company has a market cap of $3.35 billion, a P/E ratio of 18.22, a PEG ratio of 0.79 and a beta of 1.79. The stock’s fifty day simple moving average is $76.08 and its two-hundred day simple moving average is $82.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.53 by $0.27. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.94%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. As a group, analysts forecast that Marriott Vacations Worldwide will post 6.08 EPS for the current fiscal 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 issued 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 was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 57.90%.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the completion of 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by insiders.

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.