Equities analysts expect Vail Resorts (NYSE:MTN) to post earnings of $6.03 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Vail Resorts’ earnings, with the highest EPS estimate coming in at $6.13 and the lowest estimate coming in at $5.86. Vail Resorts posted earnings per share of $4.84 in the same quarter last year, which would suggest a positive year over year growth rate of 24.6%. The company is expected to report its next earnings report on Thursday, June 14th.
According to Zacks, analysts expect that Vail Resorts will report full-year earnings of $8.95 per share for the current year, with EPS estimates ranging from $8.84 to $9.13. For the next fiscal year, analysts anticipate that the business will report earnings of $7.44 per share, with EPS estimates ranging from $7.08 to $8.01. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Vail Resorts.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, March 8th. The company reported $4.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.55 by $0.57. The firm had revenue of $734.58 million during the quarter, compared to analyst estimates of $716.72 million. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.63 EPS.
Several equities research analysts recently issued reports on the stock. Deutsche Bank reissued a “buy” rating and issued a $265.00 target price on shares of Vail Resorts in a report on Thursday, February 1st. MKM Partners reduced their target price on shares of Vail Resorts to $252.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $250.67.
Vail Resorts stock traded down $2.45 during midday trading on Thursday, hitting $223.42. The stock had a trading volume of 285,419 shares, compared to its average volume of 323,166. The firm has a market capitalization of $9,126.73, a price-to-earnings ratio of 42.80 and a beta of 0.44. Vail Resorts has a 52-week low of $186.68 and a 52-week high of $237.77. The company has a current ratio of 0.73, a quick ratio of 0.58 and a debt-to-equity ratio of 0.63.
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 11th. Investors of record on Tuesday, March 27th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 2.63%. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Monday, March 26th. Vail Resorts’s dividend payout ratio is currently 112.64%.
In other Vail Resorts news, SVP Ryan H. Siurek sold 322 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $221.25, for a total value of $71,242.50. Following the completion of the transaction, the senior vice president now directly owns 520 shares in the company, valued at approximately $115,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Z. Barkin sold 2,695 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $222.45, for a total value of $599,502.75. Following the completion of the transaction, 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.
A number of hedge funds have recently bought and sold shares of MTN. Cambridge Investment Research Advisors Inc. bought a new stake in Vail Resorts in the fourth quarter worth $202,000. Xact Kapitalforvaltning AB lifted its position in Vail Resorts by 10.5% in the fourth quarter. Xact Kapitalforvaltning AB now owns 3,756 shares of the company’s stock worth $798,000 after buying an additional 358 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Vail Resorts by 4.5% in the fourth quarter. Handelsbanken Fonder AB now owns 115,000 shares of the company’s stock worth $24,434,000 after buying an additional 5,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Vail Resorts by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,928 shares of the company’s stock worth $834,000 after buying an additional 452 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Vail Resorts by 10.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,003 shares of the company’s stock worth $4,250,000 after buying an additional 1,843 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.
About Vail Resorts
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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