Marriott Vacations Worldwide (NYSE:VAC) Releases FY24 Earnings Guidance

Marriott Vacations Worldwide (NYSE:VAC) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $7.45-8.16 for the period, compared to the consensus estimate of $7.79. Marriott Vacations Worldwide also updated its FY 2024 guidance to 7.450-8.160 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VAC shares. Barclays increased their target price on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an equal weight rating in a research note on Wednesday. Stifel Nicolaus increased their target price on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a buy rating in a research report on Tuesday. JMP Securities increased their target price on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a market outperform rating in a research report on Monday, February 26th. Mizuho began coverage on Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They issued a buy rating and a $128.00 target price on the stock. 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of Hold and a consensus target price of $111.13.

Marriott Vacations Worldwide Stock Performance

Shares of VAC traded up $2.00 during trading hours on Thursday, reaching $98.50. 61,889 shares of the company’s stock traded hands, compared to its average volume of 515,870. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 15.45 and a beta of 1.85. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64. Marriott Vacations Worldwide has a twelve month low of $72.78 and a twelve month high of $134.09. The business’s fifty day simple moving average is $99.02 and its two-hundred day simple moving average is $89.39.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.14. The firm 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%. Marriott Vacations Worldwide’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.54 earnings per share. Analysts predict that Marriott Vacations Worldwide will post 7.8 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.04 annualized dividend and a dividend yield of 3.09%. Marriott Vacations Worldwide’s dividend payout ratio is 48.64%.

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.