Marriot Vacations Worldwide Corporation (NYSE:VAC) announced its earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.27, Bloomberg Earnings reports. The business had revenue of $486.99 million for the quarter, compared to analyst estimates of $470.05 million. Marriot Vacations Worldwide Corporation had a net margin of 8.28% and a return on equity of 17.91%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Marriot Vacations Worldwide Corporation updated its FY17 guidance to $5.30-5.41 EPS.
Marriot Vacations Worldwide Corporation (VAC) opened at $132.37 on Monday. Marriot Vacations Worldwide Corporation has a one year low of $70.52 and a one year high of $143.53. The firm has a market cap of $3,507.09, a PE ratio of 21.84 and a beta of 1.20. The company has a quick ratio of 4.65, a current ratio of 6.64 and a debt-to-equity ratio of 1.21.
VAC has been the topic of a number of research reports. ValuEngine lowered shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Thursday, September 21st. Instinet began coverage on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday, October 25th. They issued a “buy” rating and a $151.00 price objective on the stock. Zacks Investment Research upgraded shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research report on Tuesday, August 8th. Finally, Telsey Advisory Group lifted their price objective on shares of Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $133.22.
Marriot Vacations Worldwide Corporation declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 3rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
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In related news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value of $680,741.16. Following the completion of the transaction, the insider now owns 12,144 shares of the company’s stock, valued at approximately $1,386,601.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.30% of the company’s stock.
Marriot Vacations Worldwide Corporation Company Profile
Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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