Vail Resorts Inc. Announces Quarterly Dividend of $0.21 (MTN)
Vail Resorts (NYSE:MTN) announced a quarterly dividend on Monday, September 30th, AnalystRatingsNetwork.com reports. Investors of record on Wednesday, October 9th will be paid a dividend of $0.2075 per share on Thursday, October 24th. This represents a $0.83 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, October 7th.
MTN has been the subject of a number of recent research reports. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Vail Resorts (NYSE:MTN) in a research note to investors on Monday. They now have a $76.00 price target on the stock, up previously from $72.00. 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $70.36.
Vail Resorts (NYSE:MTN) traded down 0.30% during mid-day trading on Monday, hitting $69.38. 204,933 shares of the company’s stock traded hands. Vail Resorts has a 52 week low of $49.35 and a 52 week high of $71.18. The stock’s 50-day moving average is $68.94 and its 200-day moving average is $64.67. The company has a price-to-earnings ratio of 67.56.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Friday, September 27th. The company reported ($1.67) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.71) by $0.04. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $117.82 million. During the same quarter in the previous year, the company posted ($1.50) earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that Vail Resorts will post $1.22 EPS for the current fiscal year.
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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