Zacks: Analysts Anticipate Vail Resorts, Inc. (NYSE:MTN) Will Post Quarterly Sales of $206.50 Million
Wall Street analysts forecast that Vail Resorts, Inc. (NYSE:MTN) will announce sales of $206.50 million for the current quarter, Zacks reports. Two analysts have provided estimates for Vail Resorts’ earnings, with the highest sales estimate coming in at $206.80 million and the lowest estimate coming in at $206.20 million. Vail Resorts posted sales of $179.88 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.8%. The company is expected to report its next quarterly earnings results on Monday, September 25th.
According to Zacks, analysts expect that Vail Resorts will report full-year sales of $206.50 million for the current financial year. For the next year, analysts forecast that the firm will post sales of $2.05 billion per share, with estimates ranging from $2.05 billion to $2.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.86 by $0.46. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. The company 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 company posted $4.23 earnings per share. The company’s quarterly revenue was up 22.7% on a year-over-year basis.
Several research analysts have commented on the stock. Bank of America Corporation restated a “buy” rating and set a $228.00 price objective (up from $205.00) on shares of Vail Resorts in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research report on Tuesday, April 11th. Wells Fargo & Company restated an “outperform” rating and set a $233.00 price objective (up from $207.50) on shares of Vail Resorts in a research report on Sunday, June 11th. Barclays PLC restated an “overweight” rating and set a $226.00 price objective on shares of Vail Resorts in a research report on Sunday, June 11th. Finally, Stifel Nicolaus restated a “buy” rating and set a $229.00 price objective (up from $205.00) on shares of Vail Resorts in a research report on Sunday, June 11th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Vail Resorts presently has an average rating of “Buy” and a consensus target price of $211.11.
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Vail Resorts by 40.4% in the first quarter. JPMorgan Chase & Co. now owns 441,645 shares of the company’s stock worth $84,751,000 after buying an additional 126,977 shares during the last quarter. Creative Planning boosted its stake 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 in the last quarter. Covington Capital Management boosted its stake in shares of Vail Resorts by 10.9% in the first quarter. Covington Capital Management now owns 5,598 shares of the company’s stock valued at $1,074,000 after buying an additional 550 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Vail Resorts by 27.0% in the first quarter. World Asset Management Inc now owns 1,769 shares of the company’s stock valued at $339,000 after buying an additional 376 shares in the last quarter. Finally, Corundum Group Inc. boosted its stake in shares of Vail Resorts by 1.2% in the first quarter. Corundum Group Inc. now owns 1,588 shares of the company’s stock valued at $305,000 after buying an additional 19 shares in the last quarter. 98.12% of the stock is currently owned by hedge funds and other institutional investors.
Vail Resorts (MTN) opened at 203.78 on Friday. Vail Resorts has a one year low of $137.38 and a one year high of $215.82. The firm has a market capitalization of $8.17 billion, a PE ratio of 39.66 and a beta of 0.54. The stock has a 50 day moving average price of $206.91 and a 200-day moving average price of $186.61.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Wednesday, June 28th were paid a dividend of $1.053 per share. The ex-dividend date was Monday, June 26th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 2.07%. Vail Resorts’s payout ratio is presently 92.94%.
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About Vail Resorts
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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