Wall Street analysts predict that Vail Resorts, Inc. (NYSE:MTN) will report earnings per share of $4.99 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Vail Resorts’ earnings, with the lowest EPS estimate coming in at $4.79 and the highest estimate coming in at $5.16. Vail Resorts posted earnings per share of $4.23 in the same quarter last year, which would suggest a positive year-over-year growth rate of 18%. The firm is scheduled to report its next earnings report before the market opens on Thursday, June 8th.
According to Zacks, analysts expect that Vail Resorts will report full year earnings of $5.46 per share for the current financial year, with EPS estimates ranging from $5.11 to $5.85. For the next financial year, analysts expect that the company will post earnings of $6.09 per share, with EPS estimates ranging from $5.69 to $6.64. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Vail Resorts.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Friday, March 10th. The company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.18. The firm had revenue of $725.20 million during the quarter, compared to the consensus estimate of $708.73 million. Vail Resorts had a return on equity of 13.81% and a net margin of 9.14%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.14 EPS.
Several analysts have recently commented on MTN shares. Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Wells Fargo & Co boosted their price target on shares of Vail Resorts to $215.00 in a research note on Monday, March 13th. Janney Montgomery Scott boosted their price target on shares of Vail Resorts from $195.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, March 13th. Finally, Stifel Nicolaus boosted their price target on shares of Vail Resorts from $181.00 to $205.00 and gave the stock a “hold” rating in a research note on Monday, March 13th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $193.31.
Vail Resorts (NYSE:MTN) traded up 0.562% on Thursday, hitting $206.585. The stock had a trading volume of 29,630 shares. Vail Resorts has a 52 week low of $128.80 and a 52 week high of $207.51. The firm has a 50-day moving average of $196.82 and a 200 day moving average of $177.83. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 44.398 and a beta of 0.47.
In other Vail Resorts news, Director John F. Sorte sold 6,082 shares of the stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $186.98, for a total transaction of $1,137,212.36. Following the transaction, the director now owns 56,362 shares of the company’s stock, valued at $10,538,566.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in MTN. Price T Rowe Associates Inc. MD raised its position in Vail Resorts by 2.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,391,835 shares of the company’s stock valued at $532,111,000 after buying an additional 89,241 shares during the period. Vanguard Group Inc. increased its stake in shares of Vail Resorts by 12.4% in the first quarter. Vanguard Group Inc. now owns 3,049,283 shares of the company’s stock valued at $585,157,000 after buying an additional 337,282 shares in the last quarter. FMR LLC increased its stake in shares of Vail Resorts by 0.6% in the first quarter. FMR LLC now owns 2,535,906 shares of the company’s stock valued at $486,640,000 after buying an additional 15,495 shares in the last quarter. BlackRock Inc. increased its stake in shares of Vail Resorts by 2,861.3% in the first quarter. BlackRock Inc. now owns 1,767,451 shares of the company’s stock valued at $339,173,000 after buying an additional 1,707,766 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Vail Resorts by 76.8% in the first quarter. William Blair Investment Management LLC now owns 1,312,463 shares of the company’s stock valued at $251,862,000 after buying an additional 570,087 shares in the last quarter. 93.34% of the stock is owned by institutional investors.
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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