The consensus revenue estimate of $4.68 billion for the current fiscal year (ending December 2022) indicates a 20.3% year-over-year improvement. Also, its net income came in at $110 million, a 900% from the previous year’s quarter, while its EPS stood at $2.53, up 1000% year-over-year. The company’s income before taxes and non-controlling interest grew 191.4% year-over-year to $169 million. Its dividend payouts have grown at a 13% CAGR over the past five years, while its four-year average dividend yield is 1.27%.įor the fiscal 2022 third quarter ended September 30, 2022, VAC’s total revenue increased 19% year-over-year to $1.25 billion. VAC pays a $2.58 per share dividend annually, which translates to a 1.78% yield on the current price. “Today’s announcement reflects the confidence in the resiliency of our business model, the strength of our cash flows and belief in our future growth,” said Stephen P. On December 1, VAC's Board of Directors authorized a quarterly cash dividend of $0.72 per share of common stock, a 16% increase over the company's previous distribution, payable on January 5, 2023, to shareholders of record on December 22, 2022. Its segments include Vacation Ownership and Exchange & Third-Party Management. The company creates, markets, and manages products relating to vacation ownership. VAC offers vacation ownership, exchange, rental, resort, and property management, along with connected companies, products, and services. Marriott Vacations Worldwide Corporation ( VAC ) ( HGV ), and Bluegreen Vacations Holding Corporation ( BVH ) this holiday season. Given this backdrop, it could be wise to invest in fundamentally sound travel stocks Marriott Vacations Worldwide Corporation ( VAC ), Hilton Grand Vacations Inc. The travel & tourism market is expected to generate $734.60 billion in revenue in 2022 and grow at a CAGR of 6.7% to reach $1.02 trillion by 2027. Moreover, holiday reservations are holding steady as consumers accept higher ticket prices this winter despite the mounting household financial difficulties brought on by high inflation and rising energy prices.
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