Peak Resorts Inc (SKIS) Expected to Post Earnings of $0.54 Per Share

Wall Street analysts expect Peak Resorts Inc (NASDAQ:SKIS) to report earnings of $0.54 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Peak Resorts’ earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.49. Peak Resorts reported earnings of $0.47 per share in the same quarter last year, which indicates a positive year over year growth rate of 14.9%. The business is expected to report its next quarterly 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 fiscal year, with EPS estimates ranging from $0.01 to $0.14. For the next fiscal 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 Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Peak Resorts.

Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) EPS for the quarter, missing the Zacks’ 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%. Peak Resorts’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.57) earnings per share.

A number of equities research analysts recently commented on SKIS shares. Zacks Investment Research cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. FBR & Co reissued a “buy” rating on shares of Peak Resorts in a research note on Tuesday, October 24th. Oppenheimer reissued a “buy” rating and issued a $7.00 price objective on shares of Peak Resorts in a research note on Friday, December 8th. Stifel Nicolaus raised their price target on shares of Peak Resorts from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, ValuEngine raised shares of Peak Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Peak Resorts presently has a consensus rating of “Buy” and an average price target of $6.22.

Shares of Peak Resorts (NASDAQ:SKIS) opened at $5.50 on Friday. The company has a market cap of $76.90, a PE ratio of -17.19 and a beta of 1.11. Peak Resorts has a 12 month low of $4.00 and a 12 month high of $6.20. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.11.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, January 25th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, January 24th. This represents a $0.28 annualized dividend and a dividend yield of 5.09%. Peak Resorts’s dividend payout ratio is currently -87.50%.

Several institutional investors have recently added to or reduced their stakes in the business. Summer Road LLC boosted its stake in shares of Peak Resorts by 38.4% during the 3rd quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock worth $8,380,000 after purchasing an additional 534,092 shares during the last quarter. Rutabaga Capital Management LLC MA boosted its stake in shares of Peak Resorts by 51.1% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock worth $5,133,000 after purchasing an additional 423,609 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Peak Resorts by 63.0% during the 2nd quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after acquiring an additional 162,100 shares during the period. Essex Investment Management Co. LLC lifted its holdings in shares of Peak Resorts by 148.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock worth $326,000 after acquiring an additional 44,774 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Peak Resorts by 93.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after acquiring an additional 12,895 shares during the period. 44.93% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Peak Resorts (NASDAQ:SKIS)

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