Analysts expect Vail Resorts, Inc. (NYSE:MTN) to post $599.25 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Vail Resorts’ earnings. The highest sales estimate is $651.10 million and the lowest is $522.90 million. Vail Resorts posted sales of $924.64 million during the same quarter last year, which suggests a negative year over year growth rate of 35.2%. The company is expected to issue its next quarterly earnings results on Monday, March 8th.
According to Zacks, analysts expect that Vail Resorts will report full-year sales of $1.57 billion for the current year, with estimates ranging from $1.33 billion to $1.73 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.37 billion, with estimates ranging from $2.10 billion to $2.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Wednesday, December 9th. The company reported ($3.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.59) by ($0.23). Vail Resorts had a return on equity of 3.77% and a net margin of 2.82%. The business had revenue of $131.80 million during the quarter, compared to analysts’ expectations of $158.46 million. During the same quarter in the previous year, the company posted ($2.64) EPS. The company’s quarterly revenue was down 50.8% on a year-over-year basis.
A number of equities research analysts have issued reports on MTN shares. William Blair lowered Vail Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 1st. ValuEngine upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft increased their price target on Vail Resorts from $241.00 to $248.00 and gave the stock a “hold” rating in a research note on Friday, December 11th. They noted that the move was a valuation call. BNP Paribas initiated coverage on Vail Resorts in a research report on Friday, November 13th. They set an “outperform” rating and a $312.00 price objective for the company. Finally, Barclays raised their price objective on Vail Resorts from $254.00 to $308.00 and gave the company an “overweight” rating in a research report on Friday, December 11th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $263.85.
Shares of MTN stock opened at $278.96 on Friday. Vail Resorts has a 52-week low of $125.00 and a 52-week high of $300.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 1.10. The firm has a market capitalization of $11.23 billion, a PE ratio of 244.70 and a beta of 1.25. The stock has a fifty day simple moving average of $276.47 and a two-hundred day simple moving average of $227.75.
In related news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $231.45, for a total value of $231,450.00. Following the completion of the transaction, the director now owns 8,025 shares in the company, valued at $1,857,386.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTN. Cullen Frost Bankers Inc. bought a new stake in Vail Resorts in the third quarter worth about $32,000. Prospera Financial Services Inc bought a new stake in Vail Resorts in the third quarter worth about $32,000. Freestone Capital Holdings LLC bought a new stake in Vail Resorts in the third quarter worth about $39,000. Rosenberg Matthew Hamilton lifted its stake in Vail Resorts by 23.0% in the third quarter. Rosenberg Matthew Hamilton now owns 299 shares of the company’s stock worth $64,000 after purchasing an additional 56 shares during the last quarter. Finally, Tobam bought a new stake in Vail Resorts in the second quarter worth about $65,000. Institutional investors own 90.83% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. Its Mountain segment operates Vail Mountain, Breckenridge Ski, Keystone, Beaver Creek, and Crested Butte Mountain resorts in Colorado; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Mount Sunapee Resort in New Hampshire; Park City resort in Utah; Stowe and Okemo Mountain Resort in Vermont; and Stevens Pass Mountain Resort in Washington.
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