Vail Resorts (MTN) Expected to Announce Quarterly Sales of $827.57 Million

Equities analysts predict that Vail Resorts (NYSE:MTN) will post $827.57 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Vail Resorts’ earnings, with the lowest sales estimate coming in at $809.27 million and the highest estimate coming in at $851.50 million. Vail Resorts reported sales of $794.63 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, June 7th.

According to Zacks, analysts expect that Vail Resorts will report full-year sales of $1.99 billion for the current financial year, with estimates ranging from $1.99 billion to $2.01 billion. For the next financial year, analysts forecast that the firm will post sales of $2.15 billion per share, with estimates ranging from $2.11 billion to $2.18 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Vail Resorts.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, March 8th. The company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.57. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The business had revenue of $734.58 million during the quarter, compared to analyst estimates of $716.72 million. During the same period in the prior year, the business posted $3.63 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis.

Separately, Deutsche Bank restated a “buy” rating and set a $265.00 price target on shares of Vail Resorts in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $250.67.

In other news, SVP Ryan H. Siurek sold 322 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $221.25, for a total transaction of $71,242.50. Following the completion of the sale, the senior vice president now directly owns 520 shares in the company, valued at $115,050. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael Z. Barkin sold 2,695 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $222.45, for a total transaction of $599,502.75. Following the sale, the chief financial officer now owns 18,058 shares of the company’s stock, valued at $4,017,002.10. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of MTN. Cerebellum GP LLC purchased a new stake in Vail Resorts in the fourth quarter worth about $114,000. CENTRAL TRUST Co lifted its holdings in Vail Resorts by 3,147.1% in the fourth quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock worth $117,000 after buying an additional 535 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Vail Resorts by 579.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock worth $121,000 after buying an additional 487 shares during the period. Elkfork Partners LLC purchased a new stake in Vail Resorts in the fourth quarter worth about $121,000. Finally, Synovus Financial Corp purchased a new stake in Vail Resorts in the first quarter worth about $133,000. Institutional investors own 98.51% of the company’s stock.

Vail Resorts traded up $1.33, hitting $240.27, during trading on Friday, according to Marketbeat.com. 824 shares of the company’s stock traded hands, compared to its average volume of 433,156. The company has a quick ratio of 0.58, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. Vail Resorts has a 12-month low of $197.48 and a 12-month high of $239.54. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 46.03 and a beta of 0.45.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

Get a free copy of the Zacks research report on Vail Resorts (MTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Vail Resorts (NYSE:MTN)

Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply