Zacks Research Comments on Marriott Vacations Worldwide Co.'s Q2 2024 Earnings (NYSE:VAC)

Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) - Investment analysts at Zacks Research increased their Q2 2024 earnings estimates for shares of Marriott Vacations Worldwide in a note issued to investors on Tuesday, April 16th. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings per share of $2.14 for the quarter, up from their previous estimate 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.

VAC has been the subject of several other reports. Jefferies Financial Group raised their target price 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 boosted their target price on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an "equal weight" rating in a report on Friday, February 23rd. Truist Financial lifted their price target on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. JMP Securities lifted their price target on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a "market outperform" rating in a research report on Monday, February 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $109.71.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded up $1.27 during midday trading on Thursday, hitting $98.94. The company had a trading volume of 425,565 shares, compared to its average volume of 534,675. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. Marriott Vacations Worldwide has a twelve month low of $72.78 and a twelve month high of $140.30. The business has a 50-day simple moving average of $96.36 and a two-hundred day simple moving average of $89.07. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 15.83 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.80 by $0.08. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the business earned $2.74 EPS. The business's revenue was up .5% on a year-over-year basis.

Institutional Trading of Marriott Vacations Worldwide

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Marriott Vacations Worldwide by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,711,264 shares of the company's stock worth $585,266,000 after acquiring an additional 18,944 shares during the last quarter. Senvest Management LLC lifted its holdings in Marriott Vacations Worldwide by 5.9% in the third quarter. Senvest Management LLC now owns 2,100,786 shares of the company's stock worth $211,402,000 after purchasing an additional 116,823 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Marriott Vacations Worldwide by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company's stock worth $117,763,000 after purchasing an additional 66,362 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Marriott Vacations Worldwide by 55.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company's stock worth $90,329,000 after purchasing an additional 377,766 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Marriott Vacations Worldwide by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,033,837 shares of the company's stock worth $139,145,000 after purchasing an additional 5,879 shares during the period. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.04 annualized dividend and a yield of 3.07%. Marriott Vacations Worldwide's payout ratio is 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.