Last $54.74 USD
Change Today +0.88 / 1.63%
Volume 123.5K
VAC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

marriott vacations world (VAC) Snapshot

Open
$53.66
Previous Close
$53.86
Day High
$54.88
Day Low
$53.66
52 Week High
04/4/14 - $58.14
52 Week Low
06/24/13 - $40.42
Market Cap
1.9B
Average Volume 10 Days
193.5K
EPS TTM
$2.54
Shares Outstanding
34.8M
EX-Date
--
P/E TM
21.5x
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: $678.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $403.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $343.0K
Chief Sales & Marketing Officer and Executive...
Total Annual Compensation: $573.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $338.0K
Compensation as of Fiscal Year 2012.

marriott vacations world (VAC) Key Developments

Interval International and Marriott Vacations Worldwide Mark Renewal of Long-Term Relationship

Interval International announced the renewal of its affiliation agreement with Marriott Vacations Worldwide Corporation. The multi-year contract extends the relationship established in 1990 and includes 53 shared ownership properties, as well as future resorts. Marriott Vacation Club owners will continue to enjoy an array of leisure products and programs. These include internal and external vacation exchange services, offering the option of trading their accommodations for a resort within the Marriott Vacation Club portfolio or to one of hundreds of resorts in Interval's worldwide network. In turn, other Interval members have the ability to exchange into Marriott Vacation Club's beach, ski, golf, and spa resorts throughout the United States, the Caribbean, Europe, and Asia.

Marriott Vacations Worldwide Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 3, 2014; Provides Earnings Guidance for the Year 2014

Marriott Vacations Worldwide Corp. reported consolidated earnings results for the fourth quarter and full year ended January 3, 2014. For the quarter, the company's net income was $6 million, or $0.15 diluted earnings per share, compared to a net loss of $11 million or $0.33 per basic and diluted share in the fourth quarter of 2012. Adjusted net income was $12 million or $0.32 per diluted share compared with $18 million or $0.47 per diluted share a year ago. Total revenues were $527 million compared with $499 million a year ago. Adjusted total revenues were $526 million compared with $499 million a year ago. Income before income taxes was $17 million compared with loss of $10 million a year ago. Adjusted income before income taxes was $27 million compared with $34 million a year ago. EBITDA was $28 million compared with $4 million a year ago. Adjusted EBITDA was $38 million compared with $48 million a year ago. For the year, the company's net income was $80 million, or $2.18 per diluted share, compared to net income of $7 million, or $0.18 per diluted share a year ago. Adjusted net income was $85 million or $2.31 per diluted share compared with $47 million or $1.29 per diluted share a year ago. Total revenues were $1,750 million compared with $1,639 million a year ago. Adjusted total revenues were $1,729 million compared with $1,648 million a year ago. Income before income taxes was $131 million compared with $31 million a year ago. Adjusted income before income taxes was $139 million compared with $91 million a year ago. EBITDA was $167 million compared with $78 million a year ago. Adjusted EBITDA was $175 million compared with $138 million a year ago. Net cash provided by operating activities was $162 million compared with $463 million a year ago. Capital expenditures for property and equipment (excluding inventory) was $22 million compared with $17 million a year ago. For the year 2014, the company expects adjusted EBITDA of $185 million to $200 million. Company contract sales growth (excluding residential) is in the range of 5% to 8%. Adjusted company development margin is in the range of 20.0% to 21.0%. Adjusted free cash flow is in the range of $135 million to $160 million. Net income is in the range of $84 million to $93 million and net cash provided by operating activities is in the range of $160 million to $180 million. Adjusted net income is in the range of $87 million to $96 million. Adjusted fully diluted earnings per share is in the range of $2.41 to $2.67. Diluted earnings per share is in the range of $2.33 to $2.58. Free cash flow is in the range of $123 million to $126 million. Capital expenditures is in the range of $6 million to $4 million.

Marriott Vacations Mulls Acquisitions

Marriott Vacations Worldwide Corp. (NYSE:VAC) announced shelf registration on February 27, 2014. The proceeds of any offering will be used for general corporate purposes, which may include repayment of debt, acquisitions, additions to working capital and capital expenditures.

 

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Industry Analysis

VAC

Industry Average

Valuation VAC Industry Range
Price/Earnings 25.0x
Price/Sales 1.4x
Price/Book 1.6x
Price/Cash Flow 23.8x
TEV/Sales 0.7x
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