Marriott Vacations Worldwide (NYSE:VAC) Updates FY24 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $7.45-8.16 for the period, compared to the consensus estimate of $7.79. Marriott Vacations Worldwide also updated its FY 2024 guidance to 7.450-8.160 EPS.

Marriott Vacations Worldwide Trading Down 2.6 %

Shares of VAC stock traded down $2.59 during mid-day trading on Wednesday, reaching $96.56. The company’s stock had a trading volume of 806,330 shares, compared to its average volume of 521,022. 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 firm has a market capitalization of $3.40 billion, a PE ratio of 15.45 and a beta of 1.85. The company’s 50 day simple moving average is $98.98 and its 200-day simple moving average is $89.34. Marriott Vacations Worldwide has a 12-month low of $72.78 and a 12-month high of $134.09.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Monday, May 6th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.66 by $0.14. 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. On average, research analysts predict that Marriott Vacations Worldwide will post 7.8 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.15%. Marriott Vacations Worldwide’s dividend payout ratio is currently 48.64%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Mizuho began coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They issued a buy rating and a $128.00 price target for the company. JMP Securities lifted their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a market outperform rating in a report on Monday, February 26th. JPMorgan Chase & Co. upped their target price 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. Finally, Barclays raised their price target on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an equal weight rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued 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 $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.