Analysts predict that Marriot Vacations Worldwide Corporation (NYSE:VAC) will report sales of $497.07 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Marriot Vacations Worldwide Corporation’s earnings, with the lowest sales estimate coming in at $482.00 million and the highest estimate coming in at $515.02 million. Marriot Vacations Worldwide Corporation reported sales of $564.74 million in the same quarter last year, which indicates a negative year over year growth rate of 12%. The company is expected to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Marriot Vacations Worldwide Corporation will report full-year sales of $497.07 million for the current year, with estimates ranging from $1.95 billion to $1.99 billion. For the next financial year, analysts expect that the firm will report sales of $2.10 billion per share, with estimates ranging from $2.06 billion to $2.15 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Marriot Vacations Worldwide Corporation.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.27. The company had revenue of $486.99 million for the quarter, compared to analysts’ expectations of $470.05 million. Marriot Vacations Worldwide Corporation had a return on equity of 17.91% and a net margin of 8.28%. Marriot Vacations Worldwide Corporation’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share.

Several analysts have weighed in on VAC shares. Janney Montgomery Scott reaffirmed a “buy” rating and set a $140.00 price objective on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. Zacks Investment Research cut Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $130.00 price objective (up from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Thursday, September 21st. Deutsche Bank AG reaffirmed a “hold” rating and set a $112.00 price objective (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday, August 9th. Finally, Nomura lifted their price objective on Marriot Vacations Worldwide Corporation from $151.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Marriot Vacations Worldwide Corporation currently has a consensus rating of “Hold” and an average target price of $133.22.

In other news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $114.18, for a total value of $680,741.16. Following the sale, the insider now directly owns 12,144 shares of the company’s stock, valued at approximately $1,386,601.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Marriot Vacations Worldwide Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,981,032 shares of the company’s stock worth $233,266,000 after purchasing an additional 46,756 shares in the last quarter. FMR LLC boosted its position in shares of Marriot Vacations Worldwide Corporation by 31.0% in the 2nd quarter. FMR LLC now owns 1,324,355 shares of the company’s stock worth $155,943,000 after purchasing an additional 313,129 shares in the last quarter. State Street Corp boosted its position in shares of Marriot Vacations Worldwide Corporation by 2.9% in the 2nd quarter. State Street Corp now owns 589,796 shares of the company’s stock worth $69,449,000 after purchasing an additional 16,399 shares in the last quarter. Northern Trust Corp boosted its position in shares of Marriot Vacations Worldwide Corporation by 4.5% in the 2nd quarter. Northern Trust Corp now owns 446,755 shares of the company’s stock worth $52,605,000 after purchasing an additional 19,203 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its position in shares of Marriot Vacations Worldwide Corporation by 5.7% in the 3rd quarter. Rothschild Asset Management Inc. now owns 343,916 shares of the company’s stock worth $42,828,000 after purchasing an additional 18,396 shares in the last quarter. 75.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marriot Vacations Worldwide Corporation (VAC) opened at $132.37 on Friday. The company has a quick ratio of 4.65, a current ratio of 6.64 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $3,539.68, a PE ratio of 22.05 and a beta of 1.20. Marriot Vacations Worldwide Corporation has a 12 month low of $70.52 and a 12 month high of $143.53.

Marriot Vacations Worldwide Corporation announced that its Board of Directors has approved a share repurchase program on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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Marriot Vacations Worldwide Corporation Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

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Earnings History and Estimates for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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