Wall Street analysts forecast that Marriott Vacations Worldwide Corp (NYSE:VAC) will post sales of $1.14 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Marriott Vacations Worldwide’s earnings. The highest sales estimate is $1.19 billion and the lowest is $1.10 billion. Marriott Vacations Worldwide reported sales of $750.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 52%. The company is expected to announce its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that Marriott Vacations Worldwide will report full-year sales of $4.45 billion for the current year, with estimates ranging from $4.40 billion to $4.51 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.71 billion, with estimates ranging from $4.61 billion to $4.79 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Marriott Vacations Worldwide.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.24. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. Marriott Vacations Worldwide had a return on equity of 8.11% and a net margin of 1.50%. Marriott Vacations Worldwide’s quarterly revenue was up 79.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 EPS.

VAC has been the topic of several analyst reports. Zacks Investment Research downgraded Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. raised Marriott Vacations Worldwide from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $98.00 to $118.00 in a research report on Tuesday. Deutsche Bank reissued a “hold” rating and set a $107.00 price target on shares of Marriott Vacations Worldwide in a research report on Sunday, August 4th. Finally, ValuEngine raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $123.67.

NYSE VAC traded down $0.13 during trading hours on Monday, reaching $97.93. The company’s stock had a trading volume of 5,428 shares, compared to its average volume of 438,543. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.26 and a beta of 1.66. Marriott Vacations Worldwide has a 1 year low of $60.67 and a 1 year high of $126.60. The firm’s 50-day moving average price is $94.41 and its 200-day moving average price is $96.48. The company has a quick ratio of 2.62, a current ratio of 3.41 and a debt-to-equity ratio of 1.21.

In other Marriott Vacations Worldwide news, VP Brian E. Miller sold 7,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $98.45, for a total value of $689,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ovidio Elias Vitas sold 400 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $99.27, for a total value of $39,708.00. Following the completion of the sale, the executive vice president now owns 2,854 shares of the company’s stock, valued at $283,316.58. The disclosure for this sale can be found here. Insiders have sold a total of 12,069 shares of company stock valued at $1,179,653 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in VAC. Signaturefd LLC raised its stake in shares of Marriott Vacations Worldwide by 211.8% in the first quarter. Signaturefd LLC now owns 265 shares of the company’s stock worth $25,000 after purchasing an additional 180 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Marriott Vacations Worldwide during the second quarter worth about $26,000. AllSquare Wealth Management LLC acquired a new stake in Marriott Vacations Worldwide during the first quarter worth about $44,000. Doyle Wealth Management acquired a new stake in Marriott Vacations Worldwide during the second quarter worth about $52,000. Finally, Smithfield Trust Co. acquired a new stake in Marriott Vacations Worldwide during the first quarter worth about $79,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

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, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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