Vail Resorts, Inc. (MTN) Plans Quarterly Dividend of $0.42
Vail Resorts (NYSE:MTN) declared a quarterly dividend on Thursday, June 5th, AR Network reports. Stockholders of record on Monday, June 23rd will be given a dividend of 0.415 per share on Tuesday, July 8th. This represents a $1.66 dividend on an annualized basis and a yield of 2.31%.
A number of research firms have recently commented on MTN. Analysts at Evercore Partners upgraded shares of Vail Resorts from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $85.00 price target on the stock, up previously from $78.00. On the ratings front, analysts at Zacks upgraded shares of Vail Resorts from an “underperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $67.30 price target on the stock. Finally, analysts at Zacks downgraded shares of Vail Resorts from a “neutral” rating to an “underperform” rating in a research note on Wednesday, March 19th. They now have a $69.50 price target on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $78.26.
Vail Resorts (NYSE:MTN) traded up 1.14% during mid-day trading on Thursday, hitting $72.00. The stock had a trading volume of 165,136 shares. Vail Resorts has a one year low of $59.95 and a one year high of $76.90. The stock’s 50-day moving average is $68. and its 200-day moving average is $70.73. The company has a market cap of $2.602 billion and a P/E ratio of 110.37.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, June 5th. The company reported $3.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.92 by $0.26. The company had revenue of $543.05 million for the quarter, compared to the consensus estimate of $522.03 million. During the same quarter in the prior year, the company posted $2.66 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts predict that Vail Resorts will post $0.77 earnings per share 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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