Marriott Vacations Worldwide (VAC) Issues Quarterly Earnings Results

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.

A number of large investors have recently added to or reduced their stakes in VAC. Millennium Management LLC boosted its holdings in Marriott Vacations Worldwide by 2,989.3% in the second quarter. Millennium Management LLC now owns 479,464 shares of the company’s stock valued at $54,160,000 after purchasing an additional 463,944 shares during the period. Voya Investment Management LLC boosted its holdings in Marriott Vacations Worldwide by 198.9% in the second quarter. Voya Investment Management LLC now owns 604,559 shares of the company’s stock valued at $68,291,000 after purchasing an additional 402,323 shares during the period. Senvest Management LLC purchased a new position in Marriott Vacations Worldwide in the second quarter valued at $41,123,000. Victory Capital Management Inc. boosted its holdings in Marriott Vacations Worldwide by 186,969.9% in the second quarter. Victory Capital Management Inc. now owns 342,338 shares of the company’s stock valued at $38,671,000 after purchasing an additional 342,155 shares during the period. Finally, Van Berkom & Associates Inc. purchased a new position in Marriott Vacations Worldwide in the third quarter valued at $37,838,000. Hedge funds and other institutional investors own 91.90% of the company’s stock.

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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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Earnings History for Marriott Vacations Worldwide (NYSE:VAC)

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