Marriott Vacations Worldwide (NYSE:VAC) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Marriott Vacations Worldwide (NYSE:VAC) posted 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company earned $2.54 EPS. 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 Stock Performance

Shares of Marriott Vacations Worldwide stock opened at $96.56 on Thursday. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.45 and a beta of 1.85. The business has a 50-day moving average of $99.02 and a 200 day moving average of $89.39. Marriott Vacations Worldwide has a 12 month low of $72.78 and a 12 month high of $134.09.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.15%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s payout ratio is 48.64%.

Wall Street Analysts Forecast Growth

VAC has been the subject of a number of recent research reports. Mizuho assumed coverage on shares of Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price target on the stock. Barclays boosted their target price on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Truist Financial boosted 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. Finally, JMP Securities lifted their target price on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus price target of $111.13.

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.