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

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

Marriott Vacations Worldwide Trading Up 0.3 %

NYSE:VAC traded up $0.33 on Monday, reaching $97.51. The stock had a trading volume of 523,852 shares, compared to its average volume of 513,759. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 15.55 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. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64. The firm’s fifty day moving average is $98.83 and its two-hundred day moving average is $89.24.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.08. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.74 earnings per share. Equities analysts expect that Marriott Vacations Worldwide will post 7.8 EPS for the current fiscal 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 given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is currently 48.64%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho started coverage on Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a buy rating and a $128.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a neutral rating in a report on Friday, February 23rd. JMP Securities increased their price target 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. Barclays boosted their price objective on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an equal weight rating in a research note on Friday, February 23rd. Finally, Truist Financial increased their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of Hold and a consensus price target of $109.71.

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.