Marriott Vacations Worldwide Co. (NYSE:VAC) Expected to Post Quarterly Sales of $786.24 Million


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Analysts expect that Marriott Vacations Worldwide Co. (NYSE:VAC) will announce sales of $786.24 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Marriott Vacations Worldwide’s earnings. The lowest sales estimate is $714.46 million and the highest is $841.00 million. Marriott Vacations Worldwide reported sales of $1.01 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 22.2%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that Marriott Vacations Worldwide will report full year sales of $3.61 billion for the current year, with estimates ranging from $3.53 billion to $3.84 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.30 billion, with estimates ranging from $3.94 billion to $4.66 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Tuesday, February 23rd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $747.00 million during the quarter, compared to the consensus estimate of $724.03 million. Marriott Vacations Worldwide had a negative net margin of 4.99% and a positive return on equity of 2.53%.

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Marriott Vacations Worldwide from $128.00 to $158.00 and gave the company a “hold” rating in a research note on Friday, February 26th. They noted that the move was a valuation call. Credit Suisse Group raised their price objective on shares of Marriott Vacations Worldwide from $145.00 to $199.00 and gave the stock an “outperform” rating in a research report on Monday, February 1st. Zacks Investment Research lowered Marriott Vacations Worldwide from a “hold” rating to a “sell” rating and set a $152.00 target price on the stock. in a research note on Tuesday, February 9th. Stifel Nicolaus upped their price objective on Marriott Vacations Worldwide from $178.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, March 2nd. Finally, Truist Securities boosted their target price on shares of Marriott Vacations Worldwide from $151.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, March 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $150.00.

In other Marriott Vacations Worldwide news, CFO John E. Geller, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $169.94, for a total transaction of $764,730.00. Following the completion of the transaction, the chief financial officer now directly owns 95,829 shares in the company, valued at $16,285,180.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO R. Lee Cunningham sold 1,139 shares of the company’s stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $183.00, for a total value of $208,437.00. Following the sale, the chief operating officer now owns 16,884 shares of the company’s stock, valued at $3,089,772. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,949 shares of company stock valued at $2,549,501. 2.20% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Arlington Partners LLC acquired a new stake in Marriott Vacations Worldwide in the first quarter valued at about $28,000. Kessler Investment Group LLC bought a new position in shares of Marriott Vacations Worldwide in the fourth quarter worth about $41,000. RWM Asset Management LLC acquired a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $41,000. NEXT Financial Group Inc grew its holdings in shares of Marriott Vacations Worldwide by 277.8% during the 1st quarter. NEXT Financial Group Inc now owns 272 shares of the company’s stock valued at $47,000 after purchasing an additional 200 shares during the last quarter. Finally, Ellevest Inc. increased its position in Marriott Vacations Worldwide by 315.2% during the 4th quarter. Ellevest Inc. now owns 519 shares of the company’s stock worth $71,000 after purchasing an additional 394 shares in the last quarter. Institutional investors and hedge funds own 79.45% of the company’s stock.

NYSE:VAC traded down $2.20 on Thursday, hitting $176.14. The company’s stock had a trading volume of 275,710 shares, compared to its average volume of 451,156. Marriott Vacations Worldwide has a one year low of $62.27 and a one year high of $190.97. The firm has a market capitalization of $7.26 billion, a P/E ratio of -44.14 and a beta of 2.54. The stock has a fifty day moving average of $175.67 and a two-hundred day moving average of $145.56. The company has a current ratio of 3.60, a quick ratio of 2.91 and a debt-to-equity ratio of 1.65.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

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

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