Wall Street analysts expect Vail Resorts (NYSE:MTN) to post earnings of $6.05 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Vail Resorts’ earnings. The lowest EPS estimate is $5.98 and the highest is $6.13. Vail Resorts posted earnings of $4.84 per share during the same quarter last year, which suggests a positive year over year growth rate of 25%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, June 7th.
According to Zacks, analysts expect that Vail Resorts will report full-year earnings of $8.97 per share for the current fiscal year, with EPS estimates ranging from $8.84 to $9.13. For the next fiscal year, analysts expect that the company will post earnings of $7.45 per share, with EPS estimates ranging from $7.14 to $8.01. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Vail Resorts.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, March 8th. The company reported $4.12 EPS for the quarter, topping analysts’ consensus estimates of $3.55 by $0.57. The company had revenue of $734.58 million for the quarter, compared to analyst estimates of $716.72 million. Vail Resorts had a return on equity of 13.17% and a net margin of 16.91%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.63 earnings per share.
Separately, Deutsche Bank reaffirmed a “buy” rating and set a $265.00 price target on shares of Vail Resorts in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $250.67.
In other news, SVP Ryan H. Siurek sold 322 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $221.25, for a total transaction of $71,242.50. Following the transaction, the senior vice president now owns 520 shares of the company’s stock, valued at $115,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Z. Barkin sold 2,695 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total value of $599,502.75. Following the transaction, the chief financial officer now directly owns 18,058 shares in the company, valued at approximately $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 and hedge funds have recently modified their holdings of MTN. Bank of Montreal Can lifted its stake in Vail Resorts by 23.1% in the fourth quarter. Bank of Montreal Can now owns 161,422 shares of the company’s stock valued at $34,295,000 after buying an additional 30,249 shares during the period. BlackRock Inc. lifted its stake in Vail Resorts by 1.8% in the fourth quarter. BlackRock Inc. now owns 2,106,641 shares of the company’s stock valued at $447,597,000 after buying an additional 36,357 shares during the period. Dean Capital Investments Management LLC acquired a new position in Vail Resorts in the fourth quarter valued at about $282,000. Virtu Financial LLC lifted its stake in Vail Resorts by 94.3% in the fourth quarter. Virtu Financial LLC now owns 11,143 shares of the company’s stock valued at $2,368,000 after buying an additional 5,409 shares during the period. Finally, LPL Financial LLC acquired a new position in Vail Resorts in the fourth quarter valued at about $1,138,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vail Resorts traded up $0.20, hitting $237.23, during trading hours on Wednesday, according to MarketBeat Ratings. 193,822 shares of the stock traded hands, compared to its average volume of 424,877. 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 1-year low of $197.48 and a 1-year high of $241.33. The firm has a market capitalization of $9.69 billion, a PE ratio of 45.45 and a beta of 0.45.
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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