Last $57.00 USD
Change Today +0.52 / 0.92%
Volume 248.4K
VAC On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

marriott vacations world (VAC) Snapshot

Open
$56.62
Previous Close
$56.48
Day High
$57.26
Day Low
$56.39
52 Week High
07/1/14 - $59.39
52 Week Low
08/28/13 - $42.27
Market Cap
2.0B
Average Volume 10 Days
135.6K
EPS TTM
$2.62
Shares Outstanding
34.4M
EX-Date
--
P/E TM
21.8x
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. Presents at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference, Jun-03-2014 04:00 PM

Marriott Vacations Worldwide Corp. Presents at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference, Jun-03-2014 04:00 PM. Venue: Goldman Sachs Conference Center, New York, New York, United States. Speakers: Stephen P. Weisz, Chief Executive Officer, President and Director.

Marriott Vacations Worldwide Corp. Presents at SunTrust Vacation Ownership & Exchange Conference, Jun-18-2014

Marriott Vacations Worldwide Corp. Presents at SunTrust Vacation Ownership & Exchange Conference, Jun-18-2014 . Venue: JW Marriott Essex House, 160 Central Park S, New York, New York, United States. Speakers: Jeff Hansen, VP, Investor Relations, John E. Geller, Chief Financial Officer and Executive Vice President, Steve Weisz, CEO.

Marriott Vacations Worldwide Corp. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Revises Earnings Guidance for the Full Year of 2014; Announces Impairment Charge on Equity Investment for the First Quarter of 2014

Marriott Vacations Worldwide Corp. reported unaudited consolidated financial results for the first quarter ended March 31, 2014. First quarter 2014 net income totaled $19 million, or $0.54 per diluted share, compared to net income of $19 million, or $0.51 per diluted share, in the first quarter of 2013. First quarter 2014 adjusted net income totaled $20 million, a $1 million increase compared to the first quarter of 2013. First quarter 2014 adjusted net income reflects the exclusion of a $2 million charge in connection with the company's interest in an equity method investment in a joint venture project in its North America segment, $1 million of organizational and separation related costs and $1 million related to a gain from the sale of a golf course and adjacent undeveloped land. Adjusted fully diluted earnings per share (EPS) were $0.56 compared to $0.54 in the first quarter of 2013. Total company contract sales were $162 million, a $6 million increase from $156 million in the first quarter of 2013, driven mainly by $5 million of higher contract sales in the company's Europe segment, and $3 million of higher contract sales in the company's North America segment, offset by $2 million of lower contract sales in the company's Asia Pacific segment. Adjusted EBITDA was $40 million in the first quarter of 2014, a $1 million increase from $39 million in the first quarter of 2013. Net cash provided by operating activities was $48 million against net cash used in operating activities of $11 million for the same period of last year. Capital expenditures for property and equipment (excluding inventory) was $1 million against $3 million for the same period of last year. EBITDA was $38 million against $39 million a year ago. Total revenues were $402 million against $390 million a year ago. Income before income taxes was $32 million against $30 million a year ago. Adjusted income before income taxes was $34 million against $30 million a year ago. For the full year 2014, the company is increasing the low end of its adjusted free cash flow guidance and increasing its adjusted fully diluted earnings per share guidance. Now, the company expects adjusted free cash flow to be in the range of $145 million to $160 million from the previously forecasted guidance of $135 million to $160 million; expects adjusted fully diluted earnings per share to be in the range of $2.42 to $2.68 from the previously forecasted guidance of $2.41 to $2.67. The company is also reaffirming the following guidance for full year 2014 as previously provided on February 27, 2014: Adjusted EBITDA of $185 million to $200 million; Adjusted net income of $87 million to $96 million; Adjusted company development margin of 20.0% t to 21.0%; Adjusted North America development margin of 22.0% to 23.0%; Company contract sales growth (excluding residential) of 5% to 8%; and North America contract sales growth (excluding residential) of 4% to 7%. For the quarter, the company announced impairment charge on equity investment of $2 million.

 

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VAC

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Valuation VAC Industry Range
Price/Earnings 25.7x
Price/Sales 1.4x
Price/Book 1.6x
Price/Cash Flow 24.3x
TEV/Sales 0.8x
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