Vail Resorts, Inc. (NYSE:MTN) – Equities researchers at William Blair reduced their Q2 2018 earnings per share estimates for shares of Vail Resorts in a research note issued on Friday. William Blair analyst R. Sundby now forecasts that the company will post earnings of $3.72 per share for the quarter, down from their previous forecast of $4.12. William Blair also issued estimates for Vail Resorts’ Q3 2018 earnings at $5.38 EPS and FY2019 earnings at $6.74 EPS.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.90) by ($0.10). Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The business had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $198.95 million. During the same quarter in the previous year, the business posted ($1.70) EPS. The company’s quarterly revenue was up 23.9% on a year-over-year basis.
A number of other analysts have also issued reports on the stock. KeyCorp reiterated an “overweight” rating and set a $250.00 price objective on shares of Vail Resorts in a research note on Wednesday, August 30th. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Bank of America raised their price target on shares of Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Stifel Nicolaus reissued a “hold” rating and set a $229.00 price target on shares of Vail Resorts in a research report on Thursday, September 7th. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $260.00 price target (up previously from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $250.63.
Vail Resorts (MTN) traded down $0.87 on Monday, hitting $224.62. 521,900 shares of the stock were exchanged, compared to its average volume of 331,231. The stock has a market capitalization of $9,023.88, a price-to-earnings ratio of 44.74 and a beta of 0.45. Vail Resorts has a 12 month low of $159.65 and a 12 month high of $237.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.41.
Institutional investors have recently modified their holdings of the business. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Vail Resorts by 15,556.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 255,197 shares of the company’s stock worth $51,762,000 after buying an additional 253,567 shares during the period. Tocqueville Asset Management L.P. raised its holdings in Vail Resorts by 0.3% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after buying an additional 8 shares during the period. BlueCrest Capital Management Ltd purchased a new position in Vail Resorts during the 2nd quarter valued at about $3,186,000. Aperio Group LLC grew its stake in Vail Resorts by 13.5% during the 3rd quarter. Aperio Group LLC now owns 9,746 shares of the company’s stock valued at $2,223,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Bluestein R H & Co. purchased a new position in Vail Resorts during the 2nd quarter valued at about $335,000. Hedge funds and other institutional investors own 94.52% of the company’s stock.
In related news, Director John F. Sorte sold 6,597 shares of Vail Resorts stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $216.74, for a total transaction of $1,429,833.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Robert A. Katz sold 55,976 shares of Vail Resorts stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $220.34, for a total transaction of $12,333,751.84. Following the sale, the chairman now owns 496,166 shares in the company, valued at $109,325,216.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 236,742 shares of company stock valued at $51,804,735. Corporate insiders own 3.30% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be issued a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Tuesday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is 71.48%.
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Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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