Analysts expect that Vail Resorts, Inc. (NYSE:MTN) will post $213.53 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Vail Resorts’ earnings. The lowest sales estimate is $206.80 million and the highest is $218.14 million. Vail Resorts posted sales of $209.12 million in the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The firm is scheduled to report its next quarterly earnings report on Thursday, September 27th.
On average, analysts expect that Vail Resorts will report full year sales of $2.01 billion for the current financial year, with estimates ranging from $2.01 billion to $2.02 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.27 billion per share, with estimates ranging from $2.22 billion to $2.30 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Vail Resorts.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 7th. The company reported $6.17 EPS for the quarter, topping analysts’ consensus estimates of $6.12 by $0.05. Vail Resorts had a net margin of 20.23% and a return on equity of 15.91%. The business had revenue of $844.50 million for the quarter, compared to analysts’ expectations of $823.83 million. During the same period in the previous year, the company posted $4.40 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year.
Several research firms recently issued reports on MTN. KeyCorp upped their price target on shares of Vail Resorts from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, June 8th. Zacks Investment Research cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. Berenberg Bank began coverage on shares of Vail Resorts in a report on Wednesday. They issued a “hold” rating and a $300.00 price target on the stock. Deutsche Bank set a $297.00 price target on shares of Vail Resorts and gave the company a “buy” rating in a report on Friday, June 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $295.00 price target (up from $232.00) on shares of Vail Resorts in a report on Monday, June 11th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $281.44.
NYSE MTN opened at $278.83 on Friday. Vail Resorts has a 52 week low of $197.48 and a 52 week high of $288.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 1.04. The firm has a market cap of $11.32 billion, a PE ratio of 53.42 and a beta of 0.45.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Wednesday, June 27th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 26th. This represents a $5.88 annualized dividend and a yield of 2.11%. Vail Resorts’s dividend payout ratio is presently 112.64%.
In other Vail Resorts news, CFO Michael Z. Barkin sold 2,206 shares of the stock in a transaction on Monday, June 11th. The shares were sold at an average price of $275.10, for a total transaction of $606,870.60. Following the sale, the chief financial officer now directly owns 13,714 shares of the company’s stock, valued at $3,772,721.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert A. Katz sold 45,200 shares of the stock in a transaction on Monday, June 11th. The stock was sold at an average price of $272.61, for a total transaction of $12,321,972.00. Following the sale, the insider now directly owns 556,964 shares in the company, valued at $151,833,956.04. The disclosure for this sale can be found here. Insiders sold 58,189 shares of company stock worth $15,912,143 over the last ninety days. 3.30% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of MTN. Aperio Group LLC raised its holdings in shares of Vail Resorts by 2.9% during the fourth quarter. Aperio Group LLC now owns 10,026 shares of the company’s stock worth $2,130,000 after purchasing an additional 280 shares during the period. US Bancorp DE raised its holdings in shares of Vail Resorts by 56.3% during the fourth quarter. US Bancorp DE now owns 2,489 shares of the company’s stock worth $529,000 after purchasing an additional 897 shares during the period. Sei Investments Co. raised its holdings in shares of Vail Resorts by 90.3% during the fourth quarter. Sei Investments Co. now owns 59,629 shares of the company’s stock worth $12,668,000 after purchasing an additional 28,300 shares during the period. First Trust Advisors LP raised its holdings in shares of Vail Resorts by 100.1% during the fourth quarter. First Trust Advisors LP now owns 85,818 shares of the company’s stock worth $18,234,000 after purchasing an additional 42,923 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Vail Resorts by 3.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 39,253 shares of the company’s stock worth $8,340,000 after purchasing an additional 1,387 shares during the period. 97.99% of the stock is currently owned by institutional investors.
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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