Marriott Vacations Worldwide Co. (NYSE:VAC) Expected to Post Quarterly Sales of $1.11 Billion

Equities analysts expect that Marriott Vacations Worldwide Co. (NYSE:VAC) will report sales of $1.11 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Marriott Vacations Worldwide’s earnings. The lowest sales estimate is $1.08 billion and the highest is $1.14 billion. Marriott Vacations Worldwide posted sales of $747.00 million during the same quarter last year, which suggests a positive year over year growth rate of 48.6%. The company is scheduled to report its next earnings report on Wednesday, February 23rd.

On average, analysts expect that Marriott Vacations Worldwide will report full-year sales of $3.90 billion for the current year, with estimates ranging from $3.87 billion to $3.93 billion. For the next year, analysts anticipate that the business will report sales of $4.50 billion, with estimates ranging from $4.37 billion to $4.66 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Sunday, November 7th. The company reported $1.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.60. Marriott Vacations Worldwide had a negative net margin of 1.39% and a positive return on equity of 2.94%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned ($0.81) earnings per share. The firm’s revenue was up 62.1% compared to the same quarter last year.

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Marriott Vacations Worldwide from $203.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, November 10th. Jefferies Financial Group decreased their target price on shares of Marriott Vacations Worldwide from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Tuesday, September 28th. Truist raised their target price on shares of Marriott Vacations Worldwide from $198.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, November 16th. Zacks Investment Research cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating and set a $150.00 target price for the company. in a research note on Tuesday, August 3rd. Finally, TheStreet raised shares of Marriott Vacations Worldwide from a “c” rating to a “b-” rating in a research note on Monday, November 8th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $193.57.

NYSE VAC opened at $166.40 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.05 and a debt-to-equity ratio of 1.46. Marriott Vacations Worldwide has a 12-month low of $121.89 and a 12-month high of $190.97. The company has a market capitalization of $7.09 billion, a PE ratio of -141.02 and a beta of 2.37. The firm’s 50 day moving average is $161.53 and its 200-day moving average is $159.03.

The business also recently disclosed a — dividend, which was paid on Thursday, October 7th. Shareholders of record on Thursday, September 23rd were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, September 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is -183.05%.

A number of hedge funds have recently added to or reduced their stakes in VAC. Bank of New York Mellon Corp boosted its position in shares of Marriott Vacations Worldwide by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 430,398 shares of the company’s stock valued at $67,714,000 after acquiring an additional 6,400 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at about $620,000. Utah Retirement Systems boosted its position in shares of Marriott Vacations Worldwide by 4.8% in the third quarter. Utah Retirement Systems now owns 2,200 shares of the company’s stock valued at $346,000 after acquiring an additional 100 shares during the period. Stony Point Capital LLC bought a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at about $5,167,000. Finally, Capula Management Ltd bought a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at about $250,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corp. is a global vacation company, which engages in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment includes develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.

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

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