Marriott Vacations Worldwide (NYSE:VAC) Issues Earnings Results
Marriott Vacations Worldwide (NYSE:VAC) announced its earnings results on Wednesday. The company reported ($1.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.24) by ($0.52), MarketWatch Earnings reports. The company had revenue of $480.00 million for the quarter, compared to the consensus estimate of $462.41 million. Marriott Vacations Worldwide had a return on equity of 11.55% and a net margin of 0.18%. The firm’s revenue for the quarter was down 55.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.99 EPS.
Shares of NYSE VAC traded down $3.48 during trading hours on Thursday, reaching $86.73. The stock had a trading volume of 18,743 shares, compared to its average volume of 342,022. The business’s fifty day moving average is $86.35 and its two-hundred day moving average is $91.21. The company has a debt-to-equity ratio of 1.70, a current ratio of 3.49 and a quick ratio of 2.85. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 2,255.25 and a beta of 2.44. Marriott Vacations Worldwide has a twelve month low of $30.10 and a twelve month high of $131.27.
In related news, CAO Laurie A. Sullivan sold 1,390 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $97.77, for a total value of $135,900.30. Following the completion of the transaction, the chief accounting officer now directly owns 4,867 shares in the company, valued at $475,846.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.
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, 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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