Analysts Expect Vail Resorts, Inc. (MTN) Will Post Quarterly Sales of $206.87 Million
Analysts predict that Vail Resorts, Inc. (NYSE:MTN) will post sales of $206.87 million for the current quarter, Zacks reports. Three analysts have made estimates for Vail Resorts’ earnings. The highest sales estimate is $207.60 million and the lowest is $206.20 million. Vail Resorts posted sales of $179.88 million during the same quarter last year, which suggests a positive year-over-year growth rate of 15%. The business is scheduled to announce its next quarterly earnings report on Monday, September 25th.
According to Zacks, analysts expect that Vail Resorts will report full year sales of $206.87 million for the current year, with estimates ranging from $1.90 billion to $1.91 billion. For the next year, analysts forecast that the firm will report sales of $2.04 billion per share, with estimates ranging from $2.02 billion to $2.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Vail Resorts.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 8th. The company reported $4.40 EPS for the quarter, missing the 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 firm had revenue of $794.60 million for the quarter, compared to analyst estimates of $802.59 million. During the same quarter last year, the firm earned $4.23 EPS. The company’s revenue was up 22.7% on a year-over-year basis.
MTN has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a research report on Tuesday, April 11th. Bank of America Corporation reissued a “buy” rating and set a $228.00 price target (up previously from $205.00) on shares of Vail Resorts in a research report on Friday, June 9th. Stifel Nicolaus reissued a “buy” rating and set a $229.00 price target (up previously from $205.00) on shares of Vail Resorts in a research report on Sunday, June 11th. Barclays PLC reissued an “overweight” rating and set a $226.00 price target on shares of Vail Resorts in a research report on Sunday, June 11th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $233.00 price target (up previously from $207.50) 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, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $211.11.
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Institutional investors have recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. increased its position in Vail Resorts by 0.3% in the second quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after buying an additional 8 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Vail Resorts by 8.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 52,157 shares of the company’s stock worth $10,579,000 after buying an additional 3,900 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Vail Resorts during the second quarter worth approximately $236,000. Turner Investments LLC increased its position in Vail Resorts by 273.3% in the second quarter. Turner Investments LLC now owns 5,600 shares of the company’s stock worth $1,136,000 after buying an additional 4,100 shares in the last quarter. Finally, KBC Group NV acquired a new position in Vail Resorts during the second quarter worth approximately $1,420,000. 98.07% of the stock is owned by hedge funds and other institutional investors.
Vail Resorts (NYSE MTN) opened at 213.68 on Monday. Vail Resorts has a one year low of $143.59 and a one year high of $215.82. The stock has a 50 day moving average of $206.58 and a 200 day moving average of $193.74. The firm has a market cap of $8.56 billion, a PE ratio of 41.59 and a beta of 0.55.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Wednesday, June 28th were issued a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Monday, June 26th. Vail Resorts’s dividend payout ratio is presently 92.94%.
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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