Q4 2019 EPS Estimates for Marriott Vacations Worldwide Corp Boosted by SunTrust Banks (NYSE:VAC)

Marriott Vacations Worldwide Corp (NYSE:VAC) – Stock analysts at SunTrust Banks raised their Q4 2019 EPS estimates for shares of Marriott Vacations Worldwide in a research report issued to clients and investors on Thursday, August 1st. SunTrust Banks analyst P. Scholes now expects that the company will post earnings per share of $2.34 for the quarter, up from their previous forecast of $2.28. SunTrust Banks also issued estimates for Marriott Vacations Worldwide’s Q2 2020 earnings at $2.18 EPS and FY2020 earnings at $9.22 EPS.

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

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. initiated coverage on Marriott Vacations Worldwide in a research report on Monday, June 3rd. They set a “neutral” rating and a $98.00 price objective for the company. Deutsche Bank reiterated a “hold” rating and set a $107.00 price objective on shares of Marriott Vacations Worldwide in a research report on Sunday. Zacks Investment Research cut Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, ValuEngine upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $120.33.

Marriott Vacations Worldwide stock opened at $85.66 on Monday. The stock has a market cap of $4.03 billion, a PE ratio of 14.57, a PEG ratio of 1.28 and a beta of 1.66. The stock’s 50-day moving average is $96.68. Marriott Vacations Worldwide has a 52 week low of $60.67 and a 52 week high of $126.84. The company has a current ratio of 3.41, a quick ratio of 2.62 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 firm’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Hutchison III sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $94.55, for a total value of $236,375.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,069 shares of company stock worth $1,179,653. 2.30% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Great West Life Assurance Co. Can boosted its stake in Marriott Vacations Worldwide by 0.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 24,679 shares of the company’s stock worth $2,306,000 after buying an additional 117 shares during the last quarter. Asset Planning Services Ltd. lifted its stake in shares of Marriott Vacations Worldwide by 11.8% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,190 shares of the company’s stock valued at $115,000 after purchasing an additional 126 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Marriott Vacations Worldwide by 1.0% in the 2nd quarter. Aperio Group LLC now owns 13,589 shares of the company’s stock valued at $1,310,000 after purchasing an additional 132 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Marriott Vacations Worldwide by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,296 shares of the company’s stock valued at $2,149,000 after purchasing an additional 137 shares in the last quarter. Finally, Renaissance Group LLC lifted its stake in shares of Marriott Vacations Worldwide by 3.6% in the 1st quarter. Renaissance Group LLC now owns 4,294 shares of the company’s stock valued at $402,000 after purchasing an additional 148 shares in the last quarter. 81.43% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Marriott Vacations Worldwide (NYSE:VAC)

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