Marriott Vacations Worldwide (NYSE:VAC) Announces Earnings Results

Marriott Vacations Worldwide (NYSE:VAC) issued its quarterly earnings results on Tuesday. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.43), FiscalAI reports. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Marriott Vacations Worldwide had a positive return on equity of 11.77% and a negative net margin of 6.12%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 EPS. Marriott Vacations Worldwide updated its FY 2026 guidance to 7.050-7.800 EPS.

Here are the key takeaways from Marriott Vacations Worldwide’s conference call:

• Management completed a rapid leadership overhaul (hiring Mike Flaskey as President & COO, a new Chief Sales & Marketing Officer and frontline sales hires) and finished planned workforce reductions, actions the company says are already improving operational execution.
• Q1 adjusted EBITDA fell 16% to $161 million and contract sales declined 2% to $411 million, with tours down 3% and marketing/product costs rising, reflecting a transitional quarter with higher short-term expenses.
• Adjusted free cash flow was $114 million (up $74M), the company closed a $460M securitization at a 4.86% blended rate, completed the Westin Cancun sale, and reiterated plans to generate $200–$250M from asset dispositions by end-2027 while targeting leverage below 4x.
• April momentum was strong—contract sales rose 8% YoY (North America +11%)—leading the company to raise full-year contract sales guidance to +3%–7% while reaffirming EBITDA guidance for the year.
• New commercial initiatives (expanded owner loyalty tiers, “Dream Vacation Packages,” the June “Inner Circle” experiential events, data-driven tour logistics and compensation alignment) are being rolled out to drive higher tours, VPGs and longer-term revenue and EBITDA growth.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock traded up $1.00 during mid-day trading on Tuesday, reaching $71.21. 268,198 shares of the stock traded hands, compared to its average volume of 577,366. The business has a 50-day moving average of $68.17 and a 200 day moving average of $61.49. Marriott Vacations Worldwide has a fifty-two week low of $44.58 and a fifty-two week high of $86.33. The stock has a market capitalization of $2.44 billion, a PE ratio of -7.68, a PEG ratio of 1.72 and a beta of 1.20. The company has a quick ratio of 2.94, a current ratio of 3.48 and a debt-to-equity ratio of 2.85.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.5%. Marriott Vacations Worldwide’s dividend payout ratio is presently -34.52%.

Analyst Ratings Changes

A number of brokerages have issued reports on VAC. Jefferies Financial Group upgraded Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and increased their price target for the stock from $52.00 to $105.00 in a research report on Monday, March 2nd. Citizens Jmp downgraded Marriott Vacations Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, March 9th. Wall Street Zen upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Morgan Stanley lowered their price target on Marriott Vacations Worldwide from $52.00 to $50.00 and set an “underweight” rating on the stock in a research report on Friday, April 10th. Finally, Zacks Research upgraded Marriott Vacations Worldwide from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $75.30.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Michael Flaskey bought 14,862 shares of Marriott Vacations Worldwide stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $67.26 per share, with a total value of $999,618.12. Following the completion of the acquisition, the insider directly owned 14,862 shares of the company’s stock, valued at $999,618.12. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 13.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently made changes to their positions in VAC. Arrowstreet Capital Limited Partnership increased its holdings in shares of Marriott Vacations Worldwide by 11.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 705,629 shares of the company’s stock valued at $46,967,000 after purchasing an additional 69,652 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Marriott Vacations Worldwide by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 399,668 shares of the company’s stock valued at $23,057,000 after purchasing an additional 117,030 shares during the last quarter. New South Capital Management Inc. increased its holdings in shares of Marriott Vacations Worldwide by 15.1% in the fourth quarter. New South Capital Management Inc. now owns 382,869 shares of the company’s stock valued at $22,088,000 after purchasing an additional 50,148 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Marriott Vacations Worldwide by 14.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,579 shares of the company’s stock valued at $20,571,000 after purchasing an additional 44,159 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Marriott Vacations Worldwide by 157.8% in the fourth quarter. AQR Capital Management LLC now owns 351,552 shares of the company’s stock valued at $20,281,000 after purchasing an additional 215,202 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.