Analysts expect Vail Resorts, Inc. (NYSE:MTN) to report earnings per share of $4.00 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Vail Resorts’ earnings, with estimates ranging from $3.72 to $4.14. Vail Resorts reported earnings per share of $3.63 during the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The company is expected to report its next earnings results on Friday, March 9th.
On average, analysts expect that Vail Resorts will report full-year earnings of $7.03 per share for the current financial year, with EPS estimates ranging from $6.72 to $7.15. For the next year, analysts expect that the company will post earnings of $6.96 per share, with EPS estimates ranging from $6.74 to $7.32. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Vail Resorts.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.10). Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The company had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $198.95 million. During the same quarter last year, the business posted ($1.70) EPS. The business’s quarterly revenue was up 23.9% on a year-over-year basis.
MTN has been the subject of several recent research reports. MKM Partners reiterated a “buy” rating and issued a $266.00 target price (up previously from $264.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 target price for the company in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $229.00 target price on shares of Vail Resorts in a research note on Thursday, September 7th. Janney Montgomery Scott reiterated a “buy” rating and issued a $260.00 target price (up previously from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Finally, Barclays lifted their target price on shares of Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $252.22.
In other news, Director Michele Romanow acquired 225 shares of Vail Resorts stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average price of $221.54 per share, with a total value of $49,846.50. Following the completion of the purchase, the director now owns 1,663 shares in the company, valued at $368,421.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the transaction, the insider now directly owns 28,736 shares of the company’s stock, valued at approximately $6,391,173.76. The disclosure for this sale can be found here. Insiders sold 180,766 shares of company stock valued at $39,470,984 in the last quarter. Corporate insiders own 3.30% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Vail Resorts by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock valued at $634,095,000 after acquiring an additional 76,961 shares in the last quarter. BlackRock Inc. lifted its position in Vail Resorts by 17.0% during the second quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock valued at $419,502,000 after purchasing an additional 300,793 shares during the last quarter. State Street Corp lifted its position in Vail Resorts by 40.2% during the second quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after purchasing an additional 206,079 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Vail Resorts by 24.4% during the third quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock valued at $114,902,000 after purchasing an additional 101,554 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Vail Resorts by 13.3% during the second quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock valued at $103,478,000 after purchasing an additional 59,849 shares during the last quarter. 93.52% of the stock is owned by institutional investors.
Vail Resorts (NYSE:MTN) traded up $2.14 during midday trading on Friday, reaching $212.59. 1,024,600 shares of the company were exchanged, compared to its average volume of 1,042,600. The stock has a market capitalization of $8,590.00, a P/E ratio of 36.03 and a beta of 0.45. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.41. Vail Resorts has a 1-year low of $159.98 and a 1-year high of $237.77.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be paid a $1.053 dividend. The ex-dividend date is Tuesday, December 26th. This represents a $4.21 annualized dividend and a dividend yield of 1.98%. Vail Resorts’s payout ratio is 71.36%.
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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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