Wall Street analysts expect that Marriot Vacations Worldwide Corporation (NYSE:VAC) will announce sales of $484.14 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Marriot Vacations Worldwide Corporation’s earnings. The lowest sales estimate is $464.90 million and the highest is $514.53 million. Marriot Vacations Worldwide Corporation reported sales of $406.99 million during the same quarter last year, which would suggest a positive year over year growth rate of 19%. The business is scheduled to report its next earnings report on Thursday, October 12th.

On average, analysts expect that Marriot Vacations Worldwide Corporation will report full year sales of $484.14 million for the current fiscal year, with estimates ranging from $1.96 billion to $2.04 billion. For the next financial year, analysts forecast that the firm will report sales of $2.12 billion per share, with estimates ranging from $2.05 billion to $2.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Marriot Vacations Worldwide Corporation.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. The company had revenue of $497.62 million for the quarter, compared to analysts’ expectations of $489.85 million. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank AG reiterated 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. Zacks Investment Research upgraded shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research report on Tuesday. BidaskClub cut shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Telsey Advisory Group increased their price objective on shares of Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. Finally, Stifel Nicolaus increased their price objective on shares of Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Marriot Vacations Worldwide Corporation has a consensus rating of “Buy” and an average target price of $118.63.

Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at 111.14 on Thursday. The company has a market capitalization of $3.02 billion, a PE ratio of 21.20 and a beta of 1.14. The stock’s 50 day moving average is $116.50 and its 200-day moving average is $105.96. Marriot Vacations Worldwide Corporation has a 12 month low of $59.33 and a 12 month high of $128.25.

Marriot Vacations Worldwide Corporation announced that its board has approved a share repurchase program on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

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In other Marriot Vacations Worldwide Corporation news, insider Laurie A. Sullivan sold 1,407 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $121.04, for a total value of $170,303.28. Following the completion of the sale, the insider now directly owns 100 shares in the company, valued at $12,104. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Hutchison III sold 3,599 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $118.15, for a total transaction of $425,221.85. Following the completion of the sale, the director now owns 1,281 shares of the company’s stock, valued at $151,350.15. The disclosure for this sale can be found here. Insiders sold 53,361 shares of company stock valued at $6,313,822 over the last 90 days. Corporate insiders own 3.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Marriot Vacations Worldwide Corporation by 30.7% in the first quarter. Bank of New York Mellon Corp now owns 494,158 shares of the company’s stock worth $49,381,000 after buying an additional 116,198 shares during the period. US Bancorp DE raised its position in Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after buying an additional 87 shares during the period. First Trust Advisors LP raised its position in Marriot Vacations Worldwide Corporation by 38.4% in the first quarter. First Trust Advisors LP now owns 16,064 shares of the company’s stock worth $1,605,000 after buying an additional 4,460 shares during the period. Great West Life Assurance Co. Can raised its position in Marriot Vacations Worldwide Corporation by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 34,136 shares of the company’s stock worth $3,408,000 after buying an additional 2,131 shares during the period. Finally, Adams Diversified Equity Fund Inc. raised its position in Marriot Vacations Worldwide Corporation by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 14,700 shares of the company’s stock worth $1,469,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 78.93% of the company’s stock.

About Marriot Vacations Worldwide Corporation

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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