Marriott Vacations Worldwide (VAC) Releases Quarterly Earnings Results, Misses Estimates By $0.24 EPS

Marriott Vacations Worldwide (NYSE:VAC) announced its earnings results on Tuesday, May 7th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.24), MarketWatch Earnings reports. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Marriott Vacations Worldwide had a return on equity of 8.05% and a net margin of 0.60%. The firm’s revenue was up 85.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. Marriott Vacations Worldwide updated its FY19 guidance to $7.33-7.94 EPS.

VAC stock remained flat at $$92.14 during midday trading on Thursday. The company’s stock had a trading volume of 181,000 shares, compared to its average volume of 410,558. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.32 and a current ratio of 3.05. Marriott Vacations Worldwide has a 12 month low of $60.67 and a 12 month high of $126.84. The firm has a market capitalization of $4.13 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.33 and a beta of 1.66.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 1.95%. Marriott Vacations Worldwide’s payout ratio is currently 30.61%.

In other news, SVP Laurie A. Sullivan sold 2,857 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $95.87, for a total transaction of $273,900.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Marriott Vacations Worldwide by 0.8% during the fourth quarter. BlackRock Inc. now owns 4,715,828 shares of the company’s stock worth $332,514,000 after buying an additional 39,735 shares during the period. Vanguard Group Inc boosted its position in shares of Marriott Vacations Worldwide by 63.2% during the third quarter. Vanguard Group Inc now owns 3,428,227 shares of the company’s stock worth $383,104,000 after buying an additional 1,327,758 shares during the period. Vanguard Group Inc. boosted its position in shares of Marriott Vacations Worldwide by 63.2% during the third quarter. Vanguard Group Inc. now owns 3,428,227 shares of the company’s stock worth $383,104,000 after buying an additional 1,327,758 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Marriott Vacations Worldwide by 9.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,437,314 shares of the company’s stock worth $227,892,000 after buying an additional 212,195 shares during the period. Finally, Iridian Asset Management LLC CT acquired a new position in shares of Marriott Vacations Worldwide during the first quarter worth approximately $114,407,000. Institutional investors and hedge funds own 83.76% of the company’s stock.

A number of equities analysts recently commented on VAC shares. Zacks Investment Research upgraded Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a research note on Saturday, May 11th. Nomura decreased their price target on Marriott Vacations Worldwide from $158.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 28th. SunTrust Banks lifted their price target on Marriott Vacations Worldwide to $149.00 and gave the stock a “positive” rating in a research note on Friday, March 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $120.00 price target on shares of Marriott Vacations Worldwide in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $129.57.

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Marriott Vacations Worldwide Company Profile

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

Further Reading: Economic Reports

Earnings History for Marriott Vacations Worldwide (NYSE:VAC)

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