Zacks: Analysts Anticipate Vail Resorts, Inc. (MTN) to Post -$1.85 Earnings Per Share
Wall Street brokerages expect Vail Resorts, Inc. (NYSE:MTN) to announce earnings per share (EPS) of ($1.85) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Vail Resorts’ earnings, with the lowest EPS estimate coming in at ($1.88) and the highest estimate coming in at ($1.77). Vail Resorts reported earnings per share of ($1.70) during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.8%. The company is scheduled to issue its next quarterly earnings results on Friday, December 8th.
On average, analysts expect that Vail Resorts will report full year earnings of $6.20 per share for the current year, with EPS estimates ranging from $5.95 to $6.60. For the next financial year, analysts forecast that the company will post earnings of $7.01 per share, with EPS estimates ranging from $6.80 to $7.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, beating the consensus estimate of ($1.81) by $0.38. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The business had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. During the same period last year, the business earned ($1.80) EPS. The business’s revenue was up 16.2% on a year-over-year basis.
A number of research firms have recently commented on MTN. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 target price on the stock in a research note on Wednesday, October 25th. Barclays PLC lifted their target price on Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a research note on Friday, September 29th. William Blair began coverage on Vail Resorts in a research note on Friday, July 21st. They set an “outperform” rating on the stock. BidaskClub upgraded Vail Resorts from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $247.50.
Vail Resorts (NYSE MTN) opened at $235.74 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.58 and a current ratio of 0.72. Vail Resorts has a 52 week low of $153.66 and a 52 week high of $237.75. The firm has a market capitalization of $9,600.00, a price-to-earnings ratio of 44.12 and a beta of 0.48.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 10th were issued a $1.053 dividend. This represents a $4.21 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s dividend payout ratio (DPR) is currently 85.92%.
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In related news, CFO Michael Z. Barkin sold 7,953 shares of Vail Resorts stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $216.55, for a total value of $1,722,222.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patricia A. Campbell sold 5,515 shares of Vail Resorts stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $222.41, for a total value of $1,226,591.15. Following the completion of the sale, the insider now directly owns 28,736 shares of the company’s stock, valued at approximately $6,391,173.76. The disclosure for this sale can be found here. In the last three months, insiders sold 236,742 shares of company stock valued at $51,804,735. 3.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MTN. Commonwealth Bank of Australia increased its holdings in Vail Resorts by 284.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock worth $100,000 after acquiring an additional 367 shares during the last quarter. Toronto Dominion Bank purchased a new stake in Vail Resorts in the 2nd quarter worth about $100,000. Strs Ohio purchased a new stake in Vail Resorts in the 2nd quarter worth about $105,000. SG Americas Securities LLC purchased a new stake in Vail Resorts in the 2nd quarter worth about $117,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Vail Resorts in the 2nd quarter worth about $162,000. 96.16% of the stock is owned by institutional investors.
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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