Last $66.92 USD
Change Today +0.59 / 0.89%
Volume 229.5K
VAC On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

marriott vacations world (VAC) Snapshot

Open
$66.20
Previous Close
$66.33
Day High
$66.93
Day Low
$65.55
52 Week High
10/23/14 - $68.22
52 Week Low
02/3/14 - $46.63
Market Cap
2.2B
Average Volume 10 Days
282.1K
EPS TTM
$2.66
Shares Outstanding
32.6M
EX-Date
10/24/14
P/E TM
25.2x
Dividend
$1.00
Dividend Yield
0.37%
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. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 12, 2014; Revises Earnings Guidance for 2014

Marriott Vacations Worldwide Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 12, 2014. Third quarter 2014 net income totaled $25 million, or $0.75 per diluted share, compared to net income of $25 million, or $0.67 per diluted share, in the third quarter of 2013. Adjusted EBITDA was $54 million in the third quarter of 2014, a $4 million, or 8%, increase from $50 million in the third quarter of 2013. Total revenues were $413 million against $412 million a year ago. Income before income taxes was $43 million against $40 million a year ago. On adjusted basis, income before income taxes was $47 million against $43 million a year ago. On adjusted basis, net income totaled $27 million, or $0.81 per diluted share, compared to net income of $27 million, or $0.72 per diluted share, in the third quarter of 2013. Adjusted EBITDA totaled $54 million, an increase of $4 million, or 8%, year-over-year. For the nine months, total revenues were $1,225 million against $1,223 million a year ago. Income before income taxes was $133 million against $114 million a year ago. Net income was $80 million or $2.28 per diluted share against $74 million or $2.03 per diluted share a year ago. On adjusted basis, income before income taxes was $130 million against $112 million a year ago. On adjusted basis, net income totaled $78 million, or $2.23 per diluted share, compared to net income of $73 million, or $1.99 per diluted share, in the third quarter of 2013. Net cash provided by operating activities was $206 million against $123 million a year ago. Capital expenditures for property and equipment (excluding inventory) were $8 million against $11 million a year ago. For the full year 2014, the company is updating guidance. The company now expects adjusted free cash flow of 230 million to $245 million from $190 million to $205 million. It expects adjusted fully diluted earnings per share of $2.67 to $2.84 from $2.64 to $2.82. The company is also reaffirming the following guidance for full year 2014 as previously provided on July 24, 2014: Adjusted EBITDA of $190 million to $200 million; Adjusted net income of $93 million to $99 million.

Marriott Vacations Worldwide Corp. Completes Securitization of Vacation Ownership Loans

Marriott Vacations Worldwide Corporation announced the completion of a securitization of a pool of approximately $250 million of vacation ownership loans. Approximately $205 million of the loans were purchased on October 9, 2014 by the MVW Owner Trust 2014-1 and all or a portion of the remaining loans may be purchased by the Trust prior to February 16, 2015. In connection with the securitization, investors purchased $240 million of notes from the Trust. The Notes were offered in a private placement within the United States to qualified institutional buyers pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. Two classes of Notes were issued by the Trust: approximately $216 million of Class A Notes and approximately $24 million of Class B Notes. The Class A Notes have an interest rate of 2.25% and the Class B Notes have an interest rate of 2.70%, for an overall weighted average interest rate of 2.29%. Of the $240 million in proceeds from the transaction, approximately $43 million will be held by the Trust until it purchases all or a portion of the remaining loans or, if not used for that purpose, returned to the investors. In addition, approximately $4 million was used to pay transaction expenses and fund required reserves and the remainder will be used for general corporate purposes.

Marriott Vacations Worldwide Corp. Presents at Telsey Advisory Group 5th Annual Fall Consumer Conference, Sep-30-2014

Marriott Vacations Worldwide Corp. Presents at Telsey Advisory Group 5th Annual Fall Consumer Conference, Sep-30-2014 . Venue: Intercontinental Times Square, New York, New York, United States.

 

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VAC

Industry Average

Valuation VAC Industry Range
Price/Earnings 27.4x
Price/Sales 1.6x
Price/Book 1.9x
Price/Cash Flow 25.2x
TEV/Sales 1.1x
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