Trade Report: Today: Marriott Vacations Worldwide Corp. (VAC) Releases Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Today: Marriott Vacations Worldwide Corp. (VAC) Releases Quarterly  Earnings Results, Misses Expectations By $0.19 EPS

Marriott Vacations Worldwide Corp. (NYSE:VAC) announced its quarterly earnings results on Thursday. The company reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by $0.19. Marriott Vacations Worldwide Corp. had a net margin of 6.68% and a return on equity of 13.10%. The business earned $407 million during the quarter, compared to analysts’ expectations of $446.83 million. During the same quarter in the prior year, the firm earned $0.82 EPS. Marriott Vacations Worldwide Corp.’s revenue for the quarter was up .0% on a year-over-year basis. Marriott Vacations Worldwide Corp. updated its FY16 guidance to $4.55-4.65 EPS.

Marriott Vacations Worldwide Corp. (NYSE:VAC) opened at 64.04 on Monday. The stock’s 50 day moving average price is $73.63 and its 200 day moving average price is $68.50. Marriott Vacations Worldwide Corp. has a one year low of $45.95 and a one year high of $80.27. The firm has a market capitalization of $1.73 billion, a PE ratio of 16.85 and a beta of 1.18.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, September 20th. Marriott Vacations Worldwide Corp.’s dividend payout ratio is currently 29.20%.

In related news, VP Brian E. Miller sold 4,000 shares of the firm’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 completion of the sale, the vice president now owns 18,771 shares in the company, valued at $1,476,526.86. The sale 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 corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Marriott Vacations Worldwide Corp. by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,304,172 shares of the company’s stock worth $157,811,000 after buying an additional 200,376 shares during the last quarter. BlackRock Fund Advisors boosted 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 worth $107,022,000 after buying an additional 6,985 shares during the period. Mesirow Financial Investment Management Equity Management bought a new position in shares of Marriott Vacations Worldwide Corp. during the second quarter worth about $22,319,000. Prudential Financial Inc. boosted its position in shares of Marriott Vacations Worldwide Corp. by 1.8% in the first quarter. Prudential Financial Inc. now owns 302,899 shares of the company’s stock worth $20,446,000 after buying an additional 5,218 shares during the period. Finally, Rothschild Asset Management Inc. boosted its position in shares of Marriott Vacations Worldwide Corp. by 9.9% in the second quarter. Rothschild Asset Management Inc. now owns 300,361 shares of the company’s stock worth $20,572,000 after buying an additional 27,160 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Several equities research analysts have commented on VAC shares. Telsey Advisory Group cut their price objective on Marriott Vacations Worldwide Corp. from $81.00 to $72.00 and set a “market perform” rating for the company in a research note on Friday. Zacks Investment Research lowered Marriott Vacations Worldwide Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Credit Suisse Group AG reiterated a “buy” rating and set a $92.00 price objective on shares of Marriott Vacations Worldwide Corp. in a research note on Monday, September 12th. Stifel Nicolaus boosted their price objective on Marriott Vacations Worldwide Corp. from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Marriott Vacations Worldwide Corp. in a research note on Sunday, June 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $81.67.

Marriott Vacations Worldwide Corp. Company Profile

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