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.
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