Marriott Vacations Worldwide (NYSE:VAC) Releases FY 2024 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 7.450-8.160 for the period, compared to the consensus EPS estimate of 7.790. The company issued revenue guidance of -. Marriott Vacations Worldwide also updated its FY24 guidance to $7.45-8.16 EPS.

Analysts Set New Price Targets

VAC has been the subject of several analyst reports. Stifel Nicolaus raised their price target on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a buy rating in a report on Tuesday. Mizuho began coverage on shares of Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They set a buy rating and a $128.00 price objective for the company. JMP Securities upped 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. Truist Financial raised 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, Barclays upped their price objective on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an equal weight rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of Hold and a consensus price target of $111.13.

Marriott Vacations Worldwide Trading Down 2.6 %

NYSE:VAC opened at $96.56 on Thursday. The company has a 50 day simple moving average of $99.02 and a two-hundred day simple moving average of $89.39. The company has a market cap of $3.40 billion, a PE ratio of 15.45 and a beta of 1.85. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16. 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 issued its quarterly earnings data on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $2.54 earnings per share. Marriott Vacations Worldwide’s revenue was up 2.2% compared to the same quarter last year. Research analysts forecast that Marriott Vacations Worldwide will post 7.8 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 48.64%.

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.