Marriott Vacations WorldwideNYSE: VAC

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of a $445 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The notes were issued by MVW 2024-2 LLC (the “Issuer”). The notes have a blended interest rate of 4.52%.

VAC's focus on strategic expansions and its proactive adjustments to sales promotions bode well. However, dismal contract sales are a concern.

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.76 per share of common stock. The dividend is payable on or around October 3, 2024, to stockholders of record as of the close of business on September 19, 2024. About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rent.

Marriott Vacations Worldwide Corporation. (NYSE:VAC ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Neal Goldner - VP-IR John Geller - President and CEO Jason Marino - EVP and CFO Conference Call Participants Benjamin Chaiken - Mizuho David Katz - Jefferies Patrick Scholes - Truist Securities Brandt Montour - Barclays Chris Woronka - Deutsche Bank Shaun Kelley - Bank of America Operator Greetings, and welcome to the Marriott Vacations Worldwide Second Quarter 2024 Earnings Call.

Marriott Vacations' (VAC) second-quarter contract sales are hurt by lower VPGs and the impact of the Maui wildfires.

Marriott Vacations Worldwide (VAC) came out with quarterly earnings of $1.10 per share, missing the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $2.19 per share a year ago.

Marriott Vacations Worldwide (VAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Marriott Vacations (VAC) benefits from strength in packages, solid summer bookings and the Abound by Marriott Vacations program. However, increased expenses, Maui Wildfires and a fall in VPGs are headwinds.

While the revenue and EPS of Marriott Vacations Worldwide (VAC) provide an indication of its performance in the quarter ending March 2024, it could be beneficial to also analyze how certain key metrics stack up against both Wall Street projections and the figures from the previous year.