Brokerages expect Peak Resorts, Inc. (NASDAQ:SKIS) to post $0.54 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Peak Resorts’ earnings. The lowest EPS estimate is $0.49 and the highest is $0.58. Peak Resorts posted earnings of $0.47 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.9%. The company is expected to announce its next earnings results on Thursday, March 8th.
On average, analysts expect that Peak Resorts will report full-year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from $0.01 to $0.14. For the next year, analysts forecast that the company will report earnings of $0.12 per share, with EPS estimates ranging from $0.01 to $0.24. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Peak Resorts.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($0.66) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.02). The business had revenue of $8.84 million during the quarter, compared to analyst estimates of $8.64 million. Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted ($0.57) earnings per share.
A number of research firms have issued reports on SKIS. ValuEngine raised shares of Peak Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Stifel Nicolaus boosted their target price on shares of Peak Resorts from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Friday, December 8th. B. Riley restated a “buy” rating and set a $6.00 price target on shares of Peak Resorts in a research report on Friday, December 8th. Oppenheimer restated a “buy” rating and set a $7.00 price target on shares of Peak Resorts in a research report on Friday, December 8th. Finally, Zacks Investment Research upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $6.22.
Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Peak Resorts by 93.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after purchasing an additional 12,895 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of Peak Resorts by 148.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock worth $326,000 after purchasing an additional 44,774 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Peak Resorts by 29.5% in the 2nd quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after purchasing an additional 22,960 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Peak Resorts by 5.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock worth $805,000 after purchasing an additional 9,704 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Peak Resorts by 63.0% in the 2nd quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after purchasing an additional 162,100 shares in the last quarter. Institutional investors own 44.92% of the company’s stock.
Peak Resorts (SKIS) opened at $5.40 on Friday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.74 and a current ratio of 0.79. The stock has a market cap of $75.50, a PE ratio of -16.88 and a beta of 1.11. Peak Resorts has a one year low of $4.00 and a one year high of $6.20.
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Peak Resorts Company Profile
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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