Marriott Vacations Worldwide Corp (VAC) announced its most recent quarterly financial results on Thursday, Oct-13-2016. VAC reported $0.96 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $1.14. The company posted revenue of $407.00 million in the period, compared to analysts expectations of $446.82 million. During the same quarter in the previous year, the company posted $0.82 EPS.
Many Wall Street Analysts have commented on Marriott Vacations Worldwide Corp. Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 88 from a previous price target of $84 .Company shares were Reiterated by Telsey Advisory Group on Jul 22, 2016 to “Market Perform”, Firm has raised the Price Target to $ 83 from a previous price target of $69 .
Marriott Vacations Worldwide Corp closed down -1.8 points or -2.52% at $69.56 with 4,52,551 shares getting traded on Tuesday. Post opening the session at $71.41, the shares hit an intraday low of $68.92 and an intraday high of $71.51 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jul 27, 2016, Brian E. Miller (ExecVP,Chief Sales&Mkting Off.) sold 4,000 shares at $78.66 per share price. According to the SEC, on Jul 27, 2016, James H. Iv Hunter (Exec. VP & General Counsel) sold 186 shares at $79.11 per share price. On Mar 28, 2016, Lizabeth Kane-hanan (Exec. VP & Chief Growth & Inv.) sold 2,000 shares at $65.19 per share price, according to the Form-4 filing with the securities and exchange commission.
Marriott Vacations Worldwide Corporation is a developer marketer seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand and develops markets and sells residential products under The Ritz-Carlton Residences brand. It has three segments: North America Europe and Asia Pacific. The Company’s brands include The Marriott Vacation Club Grand Residences by Marriott The Ritz-Carlton Destination Club and The Ritz-Carlton Residences. Its products include Points-Based Vacation Ownership Products and Weeks-Based Vacation Ownership Products.