Equities research analysts expect Peak Resorts, Inc. (NASDAQ:SKIS) to report sales of $59.65 million for the current quarter, Zacks reports. Five analysts have issued estimates for Peak Resorts’ earnings, with estimates ranging from $58.50 million to $60.46 million. Peak Resorts posted sales of $56.39 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.8%. The company is scheduled to issue its next earnings report on Thursday, March 8th.

On average, analysts expect that Peak Resorts will report full year sales of $59.65 million for the current fiscal year, with estimates ranging from $128.50 million to $131.42 million. For the next year, analysts forecast that the company will post sales of $134.80 million per share, with estimates ranging from $131.45 million to $137.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Peak Resorts.

Peak Resorts (NASDAQ:SKIS) last issued its earnings results on Thursday, December 7th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.02). The firm had revenue of $8.84 million during the quarter, compared to analyst estimates of $8.64 million. Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. Peak Resorts’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.57) earnings per share.

A number of equities research analysts have weighed in on SKIS shares. Zacks Investment Research raised shares of Peak Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. FBR & Co reissued a “buy” rating and set a $6.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. Oppenheimer reissued a “buy” rating and set a $7.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. Stifel Nicolaus reissued a “buy” rating on shares of Peak Resorts in a report on Thursday, September 7th. Finally, Robert W. Baird reissued a “buy” rating and set a $6.00 target price on shares of Peak Resorts in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $6.22.

Peak Resorts (NASDAQ:SKIS) remained flat at $$5.10 during mid-day trading on Friday. The company had a trading volume of 91,900 shares, compared to its average volume of 49,035. Peak Resorts has a 12 month low of $4.00 and a 12 month high of $6.20. The company has a current ratio of 0.79, a quick ratio of 1.22 and a debt-to-equity ratio of 3.11.

Several large investors have recently bought and sold shares of SKIS. Summer Road LLC boosted its stake in shares of Peak Resorts by 38.4% in 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 during the last quarter. Rutabaga Capital Management LLC MA boosted its stake in shares of Peak Resorts by 51.1% in 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 during the last quarter. Vanguard Group Inc. boosted its stake in shares of Peak Resorts by 63.0% in the 2nd quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock valued at $1,720,000 after purchasing an additional 162,100 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Peak Resorts by 56.5% in 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 during the last quarter. Finally, Essex Investment Management Co. LLC boosted its stake in shares of Peak Resorts by 148.8% in 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 during the last quarter. 44.92% of the stock is currently owned by institutional investors.

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

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