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

Marriott Vacations Worldwide (NYSE:VAC) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.050-6.400 for the period, compared to the consensus earnings per share estimate of 6.040. The company issued revenue guidance of -. Marriott Vacations Worldwide also updated its FY24 guidance to $6.05-6.40 EPS.

Marriott Vacations Worldwide Stock Up 7.0 %

NYSE VAC traded up $5.58 during mid-day trading on Wednesday, reaching $84.87. The stock had a trading volume of 962,183 shares, compared to its average volume of 324,312. The company has a fifty day moving average price of $74.96 and a 200 day moving average price of $82.65. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57. The stock has a market cap of $2.98 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 0.73 and a beta of 1.79.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s payout ratio is currently 72.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. The Goldman Sachs Group began coverage on Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Stifel Nicolaus cut their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th. JMP Securities dropped their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research note on Friday, August 2nd. Finally, StockNews.com cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.65.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino purchased 700 shares of Marriott Vacations Worldwide stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

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.