Q3 2018 Earnings Forecast for Peak Resorts, Inc. (SKIS) Issued By Oppenheimer Holdings
Peak Resorts, Inc. (NASDAQ:SKIS) – Investment analysts at Oppenheimer Holdings lifted their Q3 2018 earnings estimates for Peak Resorts in a report issued on Thursday. Oppenheimer Holdings analyst I. Zaffino now forecasts that the company will post earnings of $0.54 per share for the quarter, up from their previous estimate of $0.53. Oppenheimer Holdings has a “Buy” rating and a $7.00 price target on the stock. Oppenheimer Holdings also issued estimates for Peak Resorts’ Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $0.14 EPS and FY2019 earnings at $0.25 EPS.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Peak Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 27th. ValuEngine cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Macquarie cut shares of Peak Resorts from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $5.00 in a research note on Wednesday, July 19th. Stifel Nicolaus dropped their price objective on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, June 23rd. Finally, FBR & Co reaffirmed a “buy” rating on shares of Peak Resorts in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.29.
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Shares of Peak Resorts (NASDAQ:SKIS) remained flat at $4.70 during mid-day trading on Friday. 1,111 shares of the company were exchanged. The firm has a 50 day moving average price of $4.98 and a 200-day moving average price of $5.14. The stock has a market cap of $65.72 million, a price-to-earnings ratio of 156.67 and a beta of 1.05. Peak Resorts has a one year low of $3.90 and a one year high of $6.20.
Peak Resorts (NASDAQ:SKIS) last announced its earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by $0.07. The business had revenue of $7.50 million for the quarter, compared to the consensus estimate of $7.22 million. Peak Resorts had a negative net margin of 0.20% and a negative return on equity of 0.38%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.56) earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Thursday, July 27th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, July 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.96%. Peak Resorts’s payout ratio is -127.27%.
In other news, major shareholder Cap 1 Llc acquired 17,180 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average price of $5.58 per share, with a total value of $95,864.40. Following the purchase, the insider now directly owns 1,742,705 shares of the company’s stock, valued at $9,724,293.90. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought a total of 803,753 shares of company stock worth $4,165,497 in the last ninety days. Corporate insiders own 16.52% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Essex Investment Management Co. LLC grew its stake in shares of Peak Resorts by 23.9% during the 2nd quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock worth $123,000 after purchasing an additional 5,808 shares during the period. Spark Investment Management LLC acquired a new stake in shares of Peak Resorts during the 2nd quarter worth approximately $251,000. Pinnacle Associates Ltd. grew its stake in shares of Peak Resorts by 29.5% during the 2nd quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after purchasing an additional 22,960 shares during the period. Bard Associates Inc. grew its stake in shares of Peak Resorts by 0.5% during the 1st quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock worth $673,000 after purchasing an additional 600 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Peak Resorts by 56.5% during the 1st quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock worth $732,000 after purchasing an additional 46,801 shares during the period. 47.55% of the stock is currently owned by institutional investors and hedge funds.
Peak Resorts Company Profile
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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