Marriott Vacations Worldwide (NYSE:VAC) issued its quarterly earnings data on Wednesday. The company reported $1.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.34), MarketWatch Earnings reports. Marriott Vacations Worldwide had a net margin of 9.16% and a return on equity of 15.81%. The firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $717.48 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 41.5% compared to the same quarter last year. Marriott Vacations Worldwide updated its FY 2018 guidance to $5.52-5.75 EPS.
NYSE:VAC traded down $5.00 during midday trading on Friday, reaching $82.37. The company had a trading volume of 163,807 shares, compared to its average volume of 660,375. The firm has a market cap of $2.56 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.36 and a beta of 1.54. Marriott Vacations Worldwide has a 12-month low of $83.40 and a 12-month high of $154.14. The company has a current ratio of 6.99, a quick ratio of 5.17 and a debt-to-equity ratio of 1.25.
A number of equities research analysts have recently weighed in on VAC shares. Jefferies Financial Group started coverage on Marriott Vacations Worldwide in a research note on Monday, July 16th. They issued a “buy” rating and a $150.00 price objective for the company. Zacks Investment Research raised Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating and set a $134.00 price objective for the company in a research note on Friday, July 27th. Nomura set a $158.00 price objective on Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Thursday, August 23rd. Finally, ValuEngine cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $137.20.
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About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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