Marriott Vacation Club Stock’s Sharp Rise After Newest Earnings Report

The stock share price for Marriott Vacation Club experienced a sharp rise on Thursday after the company’s fourth quarter and full-year earnings announcement came back with positive outlooks.

By midday Thursday, Marriott Vacation Club ’s stock was up to $97.60, up $7.77 – 8.65 percent. It ended the day at $97.29, which was still up by $7.46 – 8.3 percent.

Higher Net Income

The company also shared that its net income rose by 50 percent in the fourth quarter when being compared to the previous year. This is despite the 8 million dollar estimated negative impact to sales due to Hurricane Matthew throughout October & November.

The company’s reported net income cam out to be $49.8 million for the last quarter of 2017, ending Dec. 31. Which rivaled their previous record of $33.1 million in the fourth quarter of 2015, representing an increase of over $16 million.

Why the Rise in Income?

The company credited the rise in net income to a higher margin of development , higher revenue from resort management and other services compared to expenses and lower acquisition costs, among other things.

Total company vacation ownership contract sales were reported at $234.3 million, $30.1 million, or 14.7 percent, higher than the fourth quarter of 2015.

The company broke down regional results: $27 million increase in contract sales in the company’s North America segment and $5.6 million increase in the company’s Asia Pacific segment, partially offset by $2.5 million decrease in the company’s Europe segment.

The Orlando-based timeshare company also said its outlook for 2017 was rosy, anticipating growth in revenue from $139 million to $148 million.

Marriott Timeshare Resales

You can view current Marriott Points Resale Listings by clicking the link, and if you have any questions regarding Marriott or other name brand vacation clubs, feel free to contact us by filling in a form, and we’ll have a licensed agent reach out to you.