Vail Resorts, Inc. (MTN) Expected to Announce Quarterly Sales of $208.67 Million
Wall Street analysts expect that Vail Resorts, Inc. (NYSE:MTN) will post $208.67 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Vail Resorts’ earnings. The highest sales estimate is $213.00 million and the lowest is $206.20 million. Vail Resorts reported sales of $179.88 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 16%. The company is expected to issue its next earnings results on Monday, September 25th.
On average, analysts expect that Vail Resorts will report full year sales of $208.67 million for the current financial year, with estimates ranging from $1.90 billion to $1.91 billion. For the next year, analysts anticipate that the business will report sales of $2.04 billion per share, with estimates ranging from $2.02 billion to $2.06 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.86 by $0.46. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The business had revenue of $794.60 million during the quarter, compared to analyst estimates of $802.59 million. During the same period in the previous year, the firm posted $4.23 earnings per share. The firm’s revenue was up 22.7% on a year-over-year basis.
Several analysts have recently commented on MTN shares. Zacks Investment Research downgraded Vail Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Wells Fargo & Company restated an “outperform” rating and issued a $207.50 target price on shares of Vail Resorts in a research note on Monday, March 20th. Janney Montgomery Scott raised their target price on Vail Resorts from $195.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, March 13th. Barclays PLC restated an “overweight” rating and issued a $226.00 target price on shares of Vail Resorts in a research note on Sunday, June 11th. Finally, Stifel Nicolaus raised their target price on Vail Resorts from $181.00 to $205.00 and gave the company 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. The company has an average rating of “Buy” and an average target price of $211.11.
Vail Resorts (NYSE MTN) traded up 0.07% on Thursday, reaching $210.57. The company’s stock had a trading volume of 46,258 shares. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 40.98 and a beta of 0.61. Vail Resorts has a 52-week low of $132.65 and a 52-week high of $215.82. The firm’s 50-day moving average price is $205.33 and its 200-day moving average price is $184.65.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Wednesday, June 28th will be given a $1.053 dividend. The ex-dividend date of this dividend is Monday, June 26th. This represents a $4.21 annualized dividend and a yield of 2.00%. Vail Resorts’s payout ratio is 92.94%.
A number of institutional investors have recently made changes to their positions in the stock. Granite Investment Partners LLC acquired a new position in shares of Vail Resorts during the first quarter valued at $211,000. Vident Investment Advisory LLC acquired a new position in shares of Vail Resorts during the first quarter valued at $211,000. Tyers Asset Management LLC acquired a new position in shares of Vail Resorts during the fourth quarter valued at $227,000. Creative Planning boosted its position in shares of Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock valued at $228,000 after buying an additional 354 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Vail Resorts during the first quarter valued at $230,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.
Vail Resorts Company Profile
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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