Zacks: Analysts Expect Marriott Vacations Worldwide Corp (VAC) Will Post Quarterly Sales of $1.06 Billion

Wall Street brokerages expect Marriott Vacations Worldwide Corp (NYSE:VAC) to report sales of $1.06 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Marriott Vacations Worldwide’s earnings. The lowest sales estimate is $1.04 billion and the highest is $1.07 billion. Marriott Vacations Worldwide posted sales of $481.22 million during the same quarter last year, which would indicate a positive year over year growth rate of 120.3%. The business is scheduled to issue its next earnings report on Tuesday, February 26th.

On average, analysts expect that Marriott Vacations Worldwide will report full year sales of $2.97 billion for the current fiscal year, with estimates ranging from $2.96 billion to $2.99 billion. For the next financial year, analysts anticipate that the business will report sales of $4.46 billion, with estimates ranging from $4.41 billion to $4.51 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.34). The company had revenue of $750.00 million during the quarter, compared to analyst estimates of $717.48 million. Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The company’s revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share.

VAC has been the subject of a number of research analyst reports. ValuEngine lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Nomura set a $158.00 price target on shares of Marriott Vacations Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research lowered shares of Marriott Vacations Worldwide from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, July 31st. Finally, Macquarie lowered shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $137.20.

In other Marriott Vacations Worldwide news, VP John E. Geller, Jr. bought 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was acquired at an average cost of $76.73 per share, with a total value of $460,380.00. Following the completion of the purchase, the vice president now directly owns 79,165 shares in the company, valued at $6,074,330.45. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Stephen P. Weisz bought 2,355 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were acquired at an average cost of $81.22 per share, with a total value of $191,273.10. Following the completion of the purchase, the chief executive officer now owns 186,352 shares of the company’s stock, valued at $15,135,509.44. The disclosure for this purchase can be found here. 3.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in VAC. BlackRock Inc. lifted its stake in Marriott Vacations Worldwide by 43.2% during the third quarter. BlackRock Inc. now owns 4,676,093 shares of the company’s stock valued at $522,552,000 after purchasing an additional 1,411,002 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Marriott Vacations Worldwide by 53.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,234,273 shares of the company’s stock valued at $249,679,000 after purchasing an additional 774,107 shares during the last quarter. Morgan Stanley lifted its stake in Marriott Vacations Worldwide by 579.3% during the third quarter. Morgan Stanley now owns 549,926 shares of the company’s stock valued at $61,453,000 after purchasing an additional 468,969 shares during the last quarter. Millennium Management LLC lifted its stake in Marriott Vacations Worldwide by 2,989.3% during 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 last quarter. Finally, Voya Investment Management LLC lifted its stake in Marriott Vacations Worldwide by 198.9% during 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 last quarter.

Shares of NYSE:VAC traded up $3.48 during trading on Friday, reaching $76.58. The company had a trading volume of 435,273 shares, compared to its average volume of 846,852. The firm has a market cap of $3.44 billion, a P/E ratio of 13.25, a P/E/G ratio of 1.26 and a beta of 1.54. Marriott Vacations Worldwide has a twelve month low of $72.10 and a twelve month high of $154.14. The company has a current ratio of 3.83, a quick ratio of 3.00 and a debt-to-equity ratio of 1.11.

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, 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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