Marriott Vacations Worldwide (NYSE:VAC) Announces Earnings Results

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) released its quarterly earnings data on Monday. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.66 by $0.14, Briefing.com reports. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $2.54 earnings per share. The firm's revenue was up 2.2% compared to the same quarter last year. Marriott Vacations Worldwide updated its FY24 guidance to $7.45-8.16 EPS and its FY 2024 guidance to 7.450-8.160 EPS.

Marriott Vacations Worldwide Trading Up 1.7 %

VAC stock traded up $1.69 during mid-day trading on Tuesday, reaching $99.20. 882,781 shares of the stock traded hands, compared to its average volume of 517,954. Marriott Vacations Worldwide has a 52-week low of $72.78 and a 52-week high of $134.09. The stock's fifty day moving average is $98.98 and its 200-day moving average is $89.34. The company has a market cap of $3.49 billion, a P/E ratio of 15.87 and a beta of 1.85. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were paid a $0.76 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.04 dividend on an annualized basis and a yield of 3.06%. Marriott Vacations Worldwide's dividend payout ratio is currently 48.64%.

Analysts Set New Price Targets

VAC has been the topic of several analyst reports. Mizuho began coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a "buy" rating and a $128.00 target price on the stock. JMP Securities raised 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 report on Monday, February 26th. Truist Financial upped 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. Stifel Nicolaus raised their price objective on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Barclays upped 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 research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $110.63.

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.