Marriott Vacations Worldwide (VAC) Scheduled to Post Earnings on Monday

Marriott Vacations Worldwide (NYSE:VAC) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $1.66 per share for the quarter. Marriott Vacations Worldwide has set its FY24 guidance at $7.65-$8.35 EPS and its FY 2024 guidance at 7.650-8.350 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 earnings per share (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 the consensus estimate of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.74 earnings per share. On average, analysts expect Marriott Vacations Worldwide to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock opened at $97.18 on Friday. The stock has a 50 day moving average price of $98.78 and a 200-day moving average price of $89.31. Marriott Vacations Worldwide has a one year low of $72.78 and a one year high of $137.20. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 15.65 and a beta of 1.85. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 48.64%.

Analysts Set New Price Targets

Several brokerages recently commented on VAC. Mizuho began coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a “buy” rating and a $128.00 price target on the stock. Barclays raised their price target on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Truist Financial increased their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. upped their price target 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. Finally, JMP Securities lifted their price objective on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $109.71.

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.