Intrawest Resorts Holdings, Inc. (SNOW) Expected to Post Earnings of -$1.29 Per Share
Equities analysts expect Intrawest Resorts Holdings, Inc. (NYSE:SNOW) to announce ($1.29) earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Intrawest Resorts Holdings’ earnings. Intrawest Resorts Holdings reported earnings per share of ($1.49) in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.4%. The company is scheduled to issue its next quarterly earnings results on Thursday, September 14th.
According to Zacks, analysts expect that Intrawest Resorts Holdings will report full-year earnings of $0.94 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.33 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Intrawest Resorts Holdings.
Intrawest Resorts Holdings (NYSE:SNOW) last announced its quarterly earnings results on Thursday, May 4th. The company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.06. Intrawest Resorts Holdings had a net margin of 5.64% and a return on equity of 13.38%. The firm had revenue of $334.89 million during the quarter, compared to the consensus estimate of $321.24 million. During the same period last year, the firm posted $4.08 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis.
A number of equities research analysts have recently weighed in on SNOW shares. BidaskClub downgraded shares of Intrawest Resorts Holdings from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Investment Research downgraded shares of Intrawest Resorts Holdings from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Macquarie downgraded shares of Intrawest Resorts Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, April 10th.
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Shares of Intrawest Resorts Holdings (SNOW) remained flat at $23.71 during trading on Thursday. The stock had a trading volume of 126,011 shares. Intrawest Resorts Holdings has a 52 week low of $13.70 and a 52 week high of $25.78. The company has a 50-day moving average price of $23.67 and a 200-day moving average price of $22.98. The stock has a market cap of $944.18 million, a PE ratio of 28.26 and a beta of 1.09.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in shares of Intrawest Resorts Holdings during the fourth quarter worth about $1,062,000. State Street Corp raised its position in shares of Intrawest Resorts Holdings by 3.1% in the fourth quarter. State Street Corp now owns 323,725 shares of the company’s stock worth $5,781,000 after buying an additional 9,624 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Intrawest Resorts Holdings by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 672,115 shares of the company’s stock worth $11,998,000 after buying an additional 41,222 shares during the period. AQR Capital Management LLC raised its position in shares of Intrawest Resorts Holdings by 241.0% in the fourth quarter. AQR Capital Management LLC now owns 34,515 shares of the company’s stock worth $616,000 after buying an additional 24,394 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Intrawest Resorts Holdings by 43.9% in the fourth quarter. Teachers Advisors LLC now owns 57,444 shares of the company’s stock worth $1,025,000 after buying an additional 17,523 shares during the period. Institutional investors and hedge funds own 97.20% of the company’s stock.
About Intrawest Resorts Holdings
Intrawest Resorts Holdings, Inc is a mountain resort, adventure and real estate company. The Company operates through three segments: Mountain, Adventure and Real Estate. Its Mountain segment includes its mountain resort and lodging operations at Steamboat Ski & Resort (Steamboat) and Winter Park Resort (Winter Park); Stratton Mountain Resort (Stratton); Snowshoe Mountain Resort (Snowshoe); Mont Tremblant Resort (Tremblant), and Blue Mountain Ski Resort (Blue Mountain).
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