Marriott Vacations Worldwide (NYSE:VAC) Releases FY 2024 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 7.450-8.160 for the period, compared to the consensus estimate of 7.790. The company issued revenue guidance of -. Marriott Vacations Worldwide also updated its FY24 guidance to $7.45-8.16 EPS.

Marriott Vacations Worldwide Trading Up 0.3 %

VAC traded up $0.33 during trading on Monday, hitting $97.51. The company's stock had a trading volume of 523,852 shares, compared to its average volume of 513,759. The firm has a market capitalization of $3.43 billion, a P/E ratio of 15.60 and a beta of 1.85. Marriott Vacations Worldwide has a twelve month low of $72.78 and a twelve month high of $134.09. 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 stock's fifty day moving average price is $98.88 and its 200-day moving average price is $89.29.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results 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. 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company earned $2.74 EPS. Marriott Vacations Worldwide's quarterly revenue was up .5% compared to the same quarter last year. Analysts anticipate that Marriott Vacations Worldwide will post 7.8 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide's payout ratio is 48.64%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JMP Securities boosted their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a market outperform rating in a report on Monday, February 26th. Barclays raised their price objective 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. 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 target price on the stock. JPMorgan Chase & Co. lifted their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a neutral rating in a research note on Friday, February 23rd. Finally, Truist Financial increased their price objective 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target 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.