Wall Street analysts expect Vail Resorts, Inc. (NYSE:MTN) to announce ($2.31) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Vail Resorts’ earnings, with the lowest EPS estimate coming in at ($2.35) and the highest estimate coming in at ($2.24). Vail Resorts posted earnings per share of ($1.43) during the same quarter last year, which indicates a negative year over year growth rate of 61.5%. The firm is expected to issue its next earnings results on Thursday, September 27th.
On average, analysts expect that Vail Resorts will report full year earnings of $9.01 per share for the current year, with EPS estimates ranging from $8.84 to $9.15. For the next financial year, analysts anticipate that the company will post earnings of $8.03 per share, with EPS estimates ranging from $7.80 to $8.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, June 7th. The company reported $6.17 EPS for the quarter, beating analysts’ consensus estimates of $6.12 by $0.05. Vail Resorts had a return on equity of 15.91% and a net margin of 20.23%. The business had revenue of $844.50 million for the quarter, compared to the consensus estimate of $823.83 million. During the same quarter in the prior year, the business posted $4.40 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis.
A number of research firms have recently commented on MTN. Berenberg Bank began coverage on Vail Resorts in a report on Wednesday, June 20th. They issued a “hold” rating and a $300.00 price objective on the stock. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, June 12th. Barclays upped their target price on Vail Resorts from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 11th. Stifel Nicolaus reissued a “hold” rating and issued a $295.00 target price (up from $232.00) on shares of Vail Resorts in a research report on Monday, June 11th. They noted that the move was a valuation call. Finally, Deutsche Bank set a $297.00 target price on Vail Resorts and gave the company a “buy” rating in a research report on Friday, June 8th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $281.44.
Shares of Vail Resorts traded down $6.22, reaching $270.65, during mid-day trading on Wednesday, according to MarketBeat. The company’s stock had a trading volume of 280,895 shares, compared to its average volume of 415,905. Vail Resorts has a 12-month low of $197.48 and a 12-month high of $288.83. The company has a market cap of $11.14 billion, a P/E ratio of 51.85 and a beta of 0.45. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Wednesday, June 27th will be given a $1.47 dividend. The ex-dividend date is Tuesday, June 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 2.17%. Vail Resorts’s dividend payout ratio (DPR) is presently 112.64%.
In other Vail Resorts news, EVP James C. O’donnell sold 1,962 shares of the stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $274.90, for a total transaction of $539,353.80. Following the completion of the sale, the executive vice president now directly owns 4,574 shares of the company’s stock, valued at approximately $1,257,392.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert A. Katz sold 45,200 shares of the stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $272.61, for a total value of $12,321,972.00. Following the sale, the insider now directly owns 556,964 shares of the company’s stock, valued at $151,833,956.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,189 shares of company stock valued at $15,912,143. Insiders own 3.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Vail Resorts by 1.8% during the 4th quarter. BlackRock Inc. now owns 2,106,641 shares of the company’s stock worth $447,597,000 after acquiring an additional 36,357 shares during the period. LPL Financial LLC acquired a new stake in shares of Vail Resorts in the 4th quarter valued at approximately $1,138,000. Millennium Management LLC lifted its holdings in shares of Vail Resorts by 0.5% in the 4th quarter. Millennium Management LLC now owns 142,138 shares of the company’s stock valued at $30,200,000 after buying an additional 756 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Vail Resorts by 10.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,003 shares of the company’s stock valued at $4,250,000 after buying an additional 1,843 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Vail Resorts by 19.6% in the 4th quarter. Raymond James & Associates now owns 47,723 shares of the company’s stock valued at $10,141,000 after buying an additional 7,814 shares during the period. 98.27% of the stock is 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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