Vail Resorts (MTN) Posts Quarterly Earnings, Beats Expectations By $0.04 EPS
Vail Resorts (NYSE:MTN) announced its earnings results on Friday. The company reported ($1.67) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.71) by $0.04, Analyst Ratings Network reports. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $117.82 million.
Shares of Vail Resorts (NYSE:MTN) opened at 68.98 on Friday. Vail Resorts has a 1-year low of $49.35 and a 1-year high of $71.18. The stock has a 50-day moving average of $68.92 and a 200-day moving average of $64.61. The company has a market cap of $2.477 billion and a price-to-earnings ratio of 57.92.
On a related note, analysts at Zacks upgraded shares of Vail Resorts (NYSE:MTN) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $68.90 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $69.56.
Vail Resorts, Inc is a holding company. The Company’s operations are grouped into three business segments: Mountain, Lodging and Real Estate.
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