The Marriott Vacations Worldwide Corp. (VAC) Releases FY16 Earnings Guidance

The Marriott Vacations Worldwide Corp. (VAC) Releases FY16 Earnings Guidance

Marriott Vacations Worldwide Corp. (NYSE:VAC) updated its FY16 earnings guidance on Thursday. The company provided earnings per share guidance of $4.55-4.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.61.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Marriott Vacations Worldwide Corp. from a buy rating to a hold rating in a research report on Wednesday, September 28th. Credit Suisse Group AG restated a buy rating and set a $92.00 price target on shares of Marriott Vacations Worldwide Corp. in a research report on Monday, September 12th. Stifel Nicolaus increased their price objective on shares of Marriott Vacations Worldwide Corp. from $84.00 to $88.00 and gave the company a buy rating in a report on Wednesday, July 27th. Telsey Advisory Group increased their price objective on shares of Marriott Vacations Worldwide Corp. from $69.00 to $83.00 and gave the company a market perform rating in a report on Friday, July 22nd. Finally, Deutsche Bank AG reaffirmed a hold rating on shares of Marriott Vacations Worldwide Corp. in a report on Sunday, June 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Marriott Vacations Worldwide Corp. presently has a consensus rating of Buy and a consensus price target of $81.75.

Marriott Vacations Worldwide Corp. (NYSE:VAC) opened at 62.72 on Friday. The stock has a 50 day moving average of $74.01 and a 200 day moving average of $68.51. Marriott Vacations Worldwide Corp. has a 1-year low of $45.95 and a 1-year high of $80.27. The stock has a market capitalization of $1.69 billion, a P/E ratio of 16.51 and a beta of 1.18.

Marriott Vacations Worldwide Corp. (NYSE:VAC) last released its earnings results on Thursday, October 13th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.19. The firm earned $407 million during the quarter, compared to analysts’ expectations of $446.83 million. Marriott Vacations Worldwide Corp. had a net margin of 6.38% and a return on equity of 12.51%. Marriott Vacations Worldwide Corp.’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. On average, analysts expect that Marriott Vacations Worldwide Corp. will post $4.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd were issued a $0.30 dividend. The ex-dividend date was Tuesday, September 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.91%. Marriott Vacations Worldwide Corp.’s dividend payout ratio (DPR) is 31.50%.

In other Marriott Vacations Worldwide Corp. news, VP Brian E. Miller sold 4,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $78.66, for a total value of $314,640.00. Following the transaction, the vice president now directly owns 18,771 shares in the company, valued at approximately $1,476,526.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors raised its position in shares of Marriott Vacations Worldwide Corp. by 0.4% in the second quarter. BlackRock Fund Advisors now owns 1,562,587 shares of the company’s stock valued at $107,022,000 after buying an additional 6,985 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Marriott Vacations Worldwide Corp. by 1,835.0% in the second quarter. Point72 Asset Management L.P. now owns 199,300 shares of the company’s stock valued at $13,650,000 after buying an additional 189,000 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Marriott Vacations Worldwide Corp. by 3.7% in the second quarter. Teachers Advisors Inc. now owns 174,353 shares of the company’s stock valued at $11,941,000 after buying an additional 6,298 shares during the last quarter. EverPoint Asset Management LLC bought a new position in shares of Marriott Vacations Worldwide Corp. during the second quarter valued at $10,274,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of Marriott Vacations Worldwide Corp. by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 147,675 shares of the company’s stock valued at $10,114,000 after buying an additional 1,225 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

Marriott Vacations Worldwide Corp. Company Profile

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