Wall Street brokerages expect Vail Resorts, Inc. (NYSE:MTN) to announce ($1.83) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Vail Resorts’ earnings. The lowest EPS estimate is ($1.96) and the highest is ($1.75). Vail Resorts posted earnings of ($1.80) per share during the same quarter last year, which indicates a negative year over year growth rate of 1.7%. The business is scheduled to announce its next quarterly earnings results on Monday, September 25th.
On average, analysts expect that Vail Resorts will report full-year earnings of $5.00 per share for the current fiscal year, with EPS estimates ranging from $4.53 to $5.85. For the next year, analysts anticipate that the firm will post earnings of $6.16 per share, with EPS estimates ranging from $5.54 to $6.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Vail Resorts.
Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, June 8th. The company reported $4.40 EPS for the quarter, missing analysts’ consensus estimates of $4.86 by $0.46. The company had revenue of $794.60 million for the quarter, compared to analyst estimates of $802.59 million. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. Vail Resorts’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.23 EPS.
Several research firms have issued reports on MTN. Bank of America Corporation reaffirmed a “buy” rating and issued a $228.00 price target (up previously from $205.00) on shares of Vail Resorts in a report on Friday, June 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $229.00 price target (up previously from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a report on Tuesday, April 11th. Janney Montgomery Scott upped their price target on Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a report on Monday, June 12th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $226.00 price target on shares of Vail Resorts in a report on Sunday, June 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Vail Resorts presently has an average rating of “Buy” and a consensus target price of $211.11.
Shares of Vail Resorts (NYSE MTN) traded up 0.30% during midday trading on Tuesday, reaching $211.28. The company’s stock had a trading volume of 271,288 shares. The stock’s 50 day moving average is $205.33 and its 200 day moving average is $184.65. The stock has a market capitalization of $8.47 billion, a PE ratio of 41.12 and a beta of 0.61. Vail Resorts has a 12 month low of $132.65 and a 12 month high of $215.82.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Wednesday, June 28th will be given a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, June 26th. Vail Resorts’s payout ratio is 92.94%.
Institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Vail Resorts by 3.2% in the fourth quarter. State Street Corp now owns 532,673 shares of the company’s stock valued at $85,928,000 after buying an additional 16,706 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Vail Resorts by 40.4% in the first quarter. JPMorgan Chase & Co. now owns 441,645 shares of the company’s stock valued at $84,751,000 after buying an additional 126,977 shares during the last quarter. Creative Planning boosted its position in Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock valued at $228,000 after buying an additional 354 shares during the last quarter. Corundum Group Inc. boosted its position in Vail Resorts by 1.2% in the first quarter. Corundum Group Inc. now owns 1,588 shares of the company’s stock valued at $305,000 after buying an additional 19 shares during the last quarter. Finally, World Asset Management Inc boosted its position in Vail Resorts by 27.0% in the first quarter. World Asset Management Inc now owns 1,769 shares of the company’s stock valued at $339,000 after buying an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 98.20% of the company’s stock.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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