Peak Resorts, Inc. (NASDAQ:SKIS) – Analysts at B. Riley cut their Q3 2018 earnings estimates for Peak Resorts in a research report issued on Friday. B. Riley analyst B. Crockett now expects that the company will post earnings per share of $0.49 for the quarter, down from their prior forecast of $0.53. B. Riley currently has a “Buy” rating and a $6.00 target price on the stock. B. Riley also issued estimates for Peak Resorts’ Q4 2018 earnings at $0.63 EPS.

Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.02). Peak Resorts had a negative return on equity of 1.73% and a negative net margin of 0.95%. The business had revenue of $8.84 million during the quarter, compared to analyst estimates of $8.64 million. During the same period in the previous year, the company earned ($0.57) EPS. Peak Resorts’s revenue was up 4.0% on a year-over-year basis.

SKIS has been the subject of several other research reports. Zacks Investment Research lowered shares of Peak Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Stifel Nicolaus increased their price objective on shares of Peak Resorts from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer reissued a “buy” rating and issued a $7.00 price objective on shares of Peak Resorts in a research report on Thursday, September 7th. ValuEngine raised shares of Peak Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Peak Resorts in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $6.29.

Shares of Peak Resorts (NASDAQ SKIS) opened at $5.10 on Monday. Peak Resorts has a 52-week low of $4.00 and a 52-week high of $6.20. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 2.77.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its holdings in Peak Resorts by 56.5% during the 1st quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock valued at $732,000 after purchasing an additional 46,801 shares in the last quarter. Rutabaga Capital Management LLC MA grew its holdings in Peak Resorts by 51.1% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock valued at $5,133,000 after purchasing an additional 423,609 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in Peak Resorts by 148.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock valued at $326,000 after purchasing an additional 44,774 shares in the last quarter. Summer Road LLC grew its holdings in Peak Resorts by 38.4% during the 3rd quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock valued at $8,380,000 after purchasing an additional 534,092 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Peak Resorts by 5.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock valued at $805,000 after purchasing an additional 9,704 shares in the last quarter. 44.92% of the stock is owned by institutional investors and hedge funds.

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About Peak Resorts

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.

Earnings History and Estimates for Peak Resorts (NASDAQ:SKIS)

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