Revenue Update on Marriott Vacations Worldwide Corp(NYSE:VAC)

Marriott Vacations Worldwide Corp(NYSE:VAC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $429.94M. Analysts estimated a revenue of $436.93M. Earnings per share were $1.08. Analysts had estimated an EPS of $1.02.

Marriott Vacations Worldwide Corp (VAC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.19% or 0.13 points. Due to strong positive momentum, the stock ended at $68.47, which is also near the day’s high of $68.95. The stock began the session at $68.76 and the volume stood at 5,41,081 shares. The 52-week high of the shares is $93.4 and the 52 week low is $45.9501. The company has a current market capitalization of $1,932 M and it has 2,82,18,122 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 28, 2016, Lizabeth Kane-hanan (Exec. VP & Chief Growth & Inv.) sold 2,000 shares at $65.19 per share price.Also, On Mar 14, 2016, Michael E. Yonker (Exec. VP & Chief HR Officer) sold 1,500 shares at $66.22 per share price.On Mar 3, 2016, Dwight D. Smith (Exec. VP & CIO) sold 1,500 shares at $61.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Marriott Vacations Worldwide Corporation is a developer marketer seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand and develops markets and sells residential products under The Ritz-Carlton Residences brand. It has three segments: North America Europe and Asia Pacific. The Company’s brands include The Marriott Vacation Club Grand Residences by Marriott The Ritz-Carlton Destination Club and The Ritz-Carlton Residences. Its products include Points-Based Vacation Ownership Products and Weeks-Based Vacation Ownership Products.

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