Q2 2024 EPS Estimates for Marriott Vacations Worldwide Co. (NYSE:VAC) Lifted by Zacks Research

Marriott Vacations Worldwide Co. (NYSE:VAC) – Research analysts at Zacks Research boosted their Q2 2024 earnings estimates for Marriott Vacations Worldwide in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst M. Kaushik now forecasts that the company will earn $2.14 per share for the quarter, up from their previous forecast of $2.12. The consensus estimate for Marriott Vacations Worldwide’s current full-year earnings is $7.81 per share. Zacks Research also issued estimates for Marriott Vacations Worldwide’s Q3 2024 earnings at $1.71 EPS, Q4 2024 earnings at $2.16 EPS, Q2 2025 earnings at $2.63 EPS, Q4 2025 earnings at $2.01 EPS and FY2026 earnings at $8.92 EPS.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.08. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. Marriott Vacations Worldwide’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.74 EPS.

Several other research analysts also recently commented on VAC. Jefferies Financial Group raised their price target on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Barclays raised their price objective on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Truist Financial raised their price target on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Mizuho started coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and an average target price of $109.71.

Marriott Vacations Worldwide Stock Up 1.3 %

Shares of NYSE VAC opened at $98.94 on Thursday. Marriott Vacations Worldwide has a 12-month low of $72.78 and a 12-month high of $140.30. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. The company’s fifty day simple moving average is $96.36 and its 200 day simple moving average is $89.07. The firm has a market cap of $3.48 billion, a PE ratio of 15.83 and a beta of 1.85.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James & Associates boosted its position in Marriott Vacations Worldwide by 6.0% during the first quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock worth $316,000 after acquiring an additional 113 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Marriott Vacations Worldwide by 5.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,483 shares of the company’s stock worth $707,000 after purchasing an additional 238 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Marriott Vacations Worldwide during the first quarter valued at approximately $55,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Marriott Vacations Worldwide by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,611 shares of the company’s stock valued at $2,462,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Marriott Vacations Worldwide by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 23,651 shares of the company’s stock valued at $3,832,000 after purchasing an additional 1,801 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 48.64%.

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.