Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) released its earnings results on Monday. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.14, Briefing.com reports. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $2.54 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Marriott Vacations Worldwide updated its FY24 guidance to $7.45-8.16 EPS and its FY 2024 guidance to 7.450-8.160 EPS.
Marriott Vacations Worldwide Stock Up 4.0 %
Marriott Vacations Worldwide stock opened at $101.42 on Tuesday. The business has a fifty day moving average price of $98.88 and a 200-day moving average price of $89.29. Marriott Vacations Worldwide has a 1-year low of $72.78 and a 1-year high of $134.09. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 15.96 and a beta of 1.85. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64.
Marriott Vacations Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.04 annualized dividend and a dividend yield of 3.00%. Marriott Vacations Worldwide’s dividend payout ratio is presently 48.64%.
Analyst Upgrades and Downgrades
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Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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