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Marriott Vacations Worldwide Corp (VAC.N)

VAC.N on New York Stock Exchange

118.58USD
23 May 2018
Change (% chg)

$-0.09 (-0.08%)
Prev Close
$118.67
Open
$118.01
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$119.22
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$118.01
Volume
88,661
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63,847
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$153.81
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$107.58

Latest Key Developments (Source: Significant Developments)

Marriott Vacations Worldwide Sets Quarterly Cash Dividend Of $0.40/ Share
Tuesday, 15 May 2018 

May 15 (Reuters) - Marriott Vacations Worldwide Corp ::SETS QUARTERLY CASH DIVIDEND OF $0.40PER SHARE.  Full Article

Marriott Vacations Worldwide To Acquire ILG for equity value of about $4.7 bln
Monday, 30 Apr 2018 

April 30 (Reuters) - Marriott Vacations Worldwide Corp ::MARRIOTT VACATIONS WORLDWIDE TO ACQUIRE ILG TO CREATE A LEADING GLOBAL PROVIDER OF PREMIER VACATION EXPERIENCES.DEAL FOR EQUITY VALUE OF APPROXIMATELY $4.7 BILLION..UNDER TERMS OF AGREEMENT, ILG SHAREHOLDERS WILL RECEIVE $14.75 IN CASH AND 0.165 SHARES OF MVW COMMON STOCK FOR EACH ILG SHARE..ILG SHAREHOLDERS WILL RECEIVE $14.75 IN CASH AND 0.165 SHARES OF MVW COMMON STOCK FOR EACH ILG SHARE.DEAL FOR EXPECTED TO BE ACCRETIVE TO CO'S ADJUSTED EPS WITHIN FIRST YEAR AFTER CLOSE.MARRIOTT VACATIONS WORLDWIDE - CO'S BOARD WILL BE EXPANDED FROM EIGHT TO 10 MEMBERS TO INCLUDE TWO CURRENT MEMBERS OF ILG BOARD.WILLIAM SHAW WILL REMAIN CHAIRMAN OF BOARD.FOLLOWING CLOSE OF TRANSACTION, COMBINED COMPANY WILL TRADE ON NYSE UNDER TICKER SYMBOL VAC..MARRIOTT VACATIONS WORLDWIDE - CO'S CEO STEPHEN WEISZ, CFO JOHN GELLER WILL CONTINUE TO SERVE IN ROLES FOLLOWING CLOSE OF TRANSACTION.MARRIOTT VACATIONS WORLDWIDE - FOLLOWING CLOSE OF DEAL, ILG SHAREHOLDERS WILL OWN ABOUT 43% OF CO'S COMMON SHARES ON FULLY-DILUTED BASIS.QURATE RETAIL, INC. HAS ENTERED INTO A VOTING AGREEMENT WITH ILG IN SUPPORT OF TRANSACTION..HAS RECEIVED FINANCING COMMITMENTS FROM J.P. MORGAN AND BOFA MERRILL LYNCH.MARRIOTT VACATIONS WORLDWIDE - EXPECTS TO ACHIEVE AT LEAST $75 MILLION OF ANNUAL RUN-RATE COST SAVINGS WITHIN TWO YEARS FOLLOWING CLOSE OF TRANSACTION.  Full Article

Marriott Vacations Worldwide Corp Announces 14 Pct Increase To Quarterly Cash Dividend
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Marriott Vacations Worldwide Corp ::ORATION ANNOUNCES 14 PERCENT INCREASE TO QUARTERLY CASH DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.40PER SHARE.  Full Article

Marriott Vacations Worldwide posts Q3 EPS of $1.47
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Marriott Vacations Worldwide Corp :Marriott vacations worldwide reports third quarter financial results.Q3 adjusted earnings per share $1.41.Q3 earnings per share $1.47.Q3 earnings per share view $1.16 -- Thomson Reuters I/B/E/S.Company estimates that hurricanes negatively impacted contract sales by approximately $12 million in Q3​.Estimates that hurricanes negatively impacted tour growth by approximately 6.5 percentage points​.Qtrly ‍total company vacation ownership contract sales were $198.5 million, $28.6 million, or 17 percent, higher than q3 of 2016​.Sees FY 2017 ‍contract sales growth 10 percent to 13 percent​.Sees ‍FY 2017 adjusted fully diluted EPS $5.30 to $5.41​.Sees FY 2017 ‍adjusted free cash flow $205 million to $225 million​.Sees FY 2017 GAAP ‍fully diluted EPS $5.26 to $5.37​.FY2017 earnings per share view $5.40 -- Thomson Reuters I/B/E/S.Q3 revenue view $473.6 million -- Thomson Reuters I/B/E/S.Company has updated its guidance for full year 2017 for changes primarily related to adverse impact of hurricanes​.Qtrly ‍total revenues $486.9 million versus $401.6 million​.  Full Article

Marriott Vacations CEO on CNBC says expect 2017 contract could be negatively impacted by Irma
Saturday, 7 Oct 2017 

Oct 6 (Reuters) - :Marriott Vacations CEO on CNBC says expects rental and ancillary revenues to be impacted adversely across the locations hit by Irma.Marriott Vacations CEO on CNBC says co expects its 2017 contract could be negatively impacted by Hurricane Irma.  Full Article

Marriott Vacations Worldwide reports Q3 results
Thursday, 13 Oct 2016 

Marriott Vacations Worldwide Corp : Marriott Vacations Worldwide reports third quarter financial results . Q3 adjusted earnings per share $0.96 . Q3 earnings per share $0.97 . Q3 earnings per share view $1.14 -- Thomson Reuters I/B/E/S . Marriott Vacations Worldwide Corp sees fully diluted EPS $4.69 to $4.79 for FY . Marriott Vacations Worldwide Corp sees FY adjusted fully diluted EPS $4.55 to $4.65 . Marriott Vacations Worldwide Corp - sees FY non-gaap contract sales growth of about 4 percent . Qtrly total revenues $407 million versus $407.1 million .FY 2016 earnings per share view $4.59 -- Thomson Reuters I/B/E/S.  Full Article

Marriott Vacations posts adjusted profit of $1.08/share
Thursday, 21 Jul 2016 

Marriott Vacations Worldwide Corp : Marriott Vacations Worldwide reports second quarter financial results . Marriott Vacations Worldwide Corp sees FY 2016 GAAP earnings per share $4.57 to $4.92 . Q2 revenue view $436.5 million -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $1.08 . Q2 earnings per share $1.26 . Q2 earnings per share view $1.02 -- Thomson Reuters I/B/E/S . Sees 2016 adjusted fully diluted EPS $4.43 to $4.78 . Fy2016 earnings per share view $4.51 -- Thomson Reuters I/B/E/S .Qtrly total revenues $429.9 million versus $422.8 million.  Full Article