Vail Resorts (MTN) Posts Quarterly Earnings, Beats Expectations By $0.26 EPS
Vail Resorts (NYSE:MTN) issued its quarterly earnings data on Thursday. The company reported $3.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.92 by $0.26, Analyst Ratings News reports. The company had revenue of $543.05 million for the quarter, compared to the consensus estimate of $522.03 million.
Several analysts have recently commented on the stock. 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 a related note, 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 investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $78.26.
Shares of Vail Resorts (NYSE:MTN) traded up 1.12% during mid-day trading on Thursday, hitting $71.99. The stock had a trading volume of 151,070 shares. Vail Resorts has a 52-week low of $59.95 and a 52-week 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 price-to-earnings ratio of 110.37.
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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