Vail Resorts, Inc. (NYSE:MTN) – Analysts at William Blair cut their FY2019 earnings estimates for shares of Vail Resorts in a note issued to investors on Friday. William Blair analyst R. Sundby now forecasts that the company will post earnings of $6.60 per share for the year, down from their previous forecast of $6.74.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($0.10). The firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $198.95 million. Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The company’s revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the firm earned ($1.70) EPS.

MTN has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 price target on the stock in a report on Wednesday, October 25th. Bank of America upped their price target on shares of Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Barclays upped their price target on shares of Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a report on Friday, September 29th. Stifel Nicolaus upped their price target on shares of Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, December 8th. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $260.00 price target (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $252.22.

Vail Resorts (NYSE:MTN) traded up $3.37 during midday trading on Monday, hitting $222.31. 1,436,500 shares of the stock were exchanged, compared to its average volume of 889,578. The company has a current ratio of 0.56, a quick ratio of 0.41 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $8,980.00, a PE ratio of 37.68 and a beta of 0.45. Vail Resorts has a 12-month low of $159.98 and a 12-month high of $237.77.

Institutional investors have recently modified their holdings of the business. Commonwealth Bank of Australia grew its holdings in Vail Resorts by 284.5% during 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 in the last quarter. Toronto Dominion Bank bought a new position in Vail Resorts during the 2nd quarter worth about $100,000. SG Americas Securities LLC bought a new position in Vail Resorts during the 2nd quarter worth about $117,000. IFP Advisors Inc grew its holdings in Vail Resorts by 61.7% during the 3rd quarter. IFP Advisors Inc now owns 802 shares of the company’s stock worth $183,000 after acquiring an additional 306 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Vail Resorts during the 2nd quarter worth about $215,000. Institutional investors own 93.56% of the company’s stock.

In other Vail Resorts news, insider Patricia A. Campbell sold 5,515 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the transaction, the insider now directly owns 28,736 shares in the company, valued at approximately $6,391,173.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michele Romanow bought 225 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were acquired at an average price of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the acquisition, the director now owns 1,663 shares in the company, valued at $368,421.02. The disclosure for this purchase can be found here. 3.30% of the stock is owned by corporate insiders.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th were issued a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, December 26th. Vail Resorts’s payout ratio is 71.36%.

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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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