Last $59.94 USD
Change Today +0.345 / 0.58%
Volume 15.1K
As of 10:16 AM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

marriott vacations world (VAC) Snapshot

Open
$59.66
Previous Close
$59.59
Day High
$59.97
Day Low
$59.50
52 Week High
08/19/14 - $60.82
52 Week Low
09/13/13 - $43.16
Market Cap
2.0B
Average Volume 10 Days
124.3K
EPS TTM
$2.57
Shares Outstanding
33.4M
EX-Date
--
P/E TM
23.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for MARRIOTT VACATIONS WORLD (VAC)

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marriott vacations world (VAC) Details

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand. It sells points-based vacation ownership products through two points-based ownership programs: Marriott Vacation Club Destinations and Marriott Vacation Club, Asia Pacific programs; and weeks-based vacation ownership products. As of January 3, 2014, the company operated 62 properties with 12,829 vacation ownership villas and approximately 420,000 owners in the United States, and 9 other countries and territories. In addition, it is involved in financing consumer purchases of vacation ownership products; and renting vacation ownership inventory. The company sells its upscale tier vacation ownership products primarily through a network of resort-based sales centers and certain off-site sales locations. Marriott Vacations Worldwide Corporation is headquartered in Orlando, Florida.

10,000 Employees
Last Reported Date: 02/27/14

marriott vacations world (VAC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $764.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $428.1K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $387.3K
Chief Sales & Marketing Officer and Executive...
Total Annual Compensation: $601.3K
Chief Growth & Inventory Officer and Executiv...
Total Annual Compensation: $356.7K
Compensation as of Fiscal Year 2013.

marriott vacations world (VAC) Key Developments

Marriott Vacations Worldwide Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 20, 2014; Revises Earnings Guidance for the Year 2014; Reports Impairment Charges for the Second Quarter Ended June 20, 2014

Marriott Vacations Worldwide Corp. reported consolidated earnings results for the second quarter and six months ended June 20, 2014. For the quarter, the company's total revenues were $410 million compared with $421 million a year ago. Adjusted total revenues were $410 million compared with $404 million a year ago. Income before income taxes was $58 million compared with $44 million a year ago. Adjusted income before income taxes was $49 million compared with $39 million a year ago. Net income was $36 million, or $1.00 per diluted share, compared to $30 million, or $0.85 per diluted share, in the second quarter of 2012. Adjusted net income was $31 million or $0.87 per diluted share compared with $27 million or $0.73 per diluted share a year ago. EBITDA was $66 million compared with $53 million a year ago. Adjusted EBITDA was $57 million compared with $48 million a year ago. For the six months, the company's total revenues were $812 million compared with $811 million a year ago. Adjusted total revenues were $812 million compared with $793 million a year ago. Income before income taxes was $90 million compared with $74 million a year ago. Adjusted income before income taxes was $83 million compared with $69 million a year ago. Net income was $55 million, or $1.54 per diluted share compared to $49 million, or $0.35 per diluted share, in the second quarter of 2012. Adjusted net income was $51 million or $1.43 per diluted share compared with $46 million or $0.27 per diluted share a year ago. EBITDA was $104 million compared with $92 million a year ago. Adjusted EBITDA was $97 million compared with $87 million a year ago. Net cash provided by operating activities was $98 million compared with $34 million a year ago. Capital expenditures for property and equipment (excluding inventory) was $3 million compared with $7 million a year ago. The company revised earnings guidance for the full year 2014. For the year, the company now expects adjusted free cash flow in the range of $190 million to $205 million against $145 million to $160 million previously expected. Adjusted fully diluted earnings per share now expected in the range of $2.64 to $2.82 against $2.42 to $2.68 million previously expected. Adjusted EBITDA now expected in the range of $190 million to $200 million against $185 million to $200 million previously expected. Adjusted net income now expected in the range of $93 million to $99 million against $87 million to $96 million previously expected. Net cash provided by operating activities in the range of $189 million to $201 million, capital expenditures for property and equipment organizational and separation related capital expenditures in the range of $3 million, free cash flow in the range of $188 million to $203 million. The company expects interest expense in the range of $12 million, and depreciation and amortization in the range of $19 million. The company expects net income in the range between from $95 million to $101 million. For the full year lowering full year total company contract sales growth guidance to 1% to 3%, contract sales growth to be 3% to 5%, excluding the impact of the 53rd-week in the prior year. For the year the company increasing the midpoint of the 2014 adjusted free cash flow guidance by $45 million, resulting in a new range of $190 million to $205 million. The company announced impairment charges of $1 million for the second quarter ended June 20, 2014.

Marriott Vacations Worldwide Corp. to Report Q2, 2014 Results on Jul 24, 2014

Marriott Vacations Worldwide Corp. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 24, 2014

Marriott Vacations Worldwide Corp., Q2 2014 Earnings Call, Jul 24, 2014

Marriott Vacations Worldwide Corp., Q2 2014 Earnings Call, Jul 24, 2014

 

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Industry Analysis

VAC

Industry Average

Valuation VAC Industry Range
Price/Earnings 25.0x
Price/Sales 1.5x
Price/Book 1.7x
Price/Cash Flow 23.2x
TEV/Sales 0.9x
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