Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) released its quarterly earnings results on Monday. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.66 by $0.14, Briefing.com reports. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 earnings per share. 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 VAC stock opened at $101.42 on Tuesday. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16. The stock has a 50 day simple moving average of $98.88 and a 200-day simple moving average of $89.29. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 15.96 and a beta of 1.85. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.00%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s payout ratio is 48.64%.
Analyst Ratings Changes
View Our Latest Stock Analysis on Marriott Vacations Worldwide
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.
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