Vail Resorts, Inc. (MTN) Expected to Post Quarterly Sales of $741.28 Million

Analysts expect that Vail Resorts, Inc. (NYSE:MTN) will announce sales of $741.28 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Vail Resorts’ earnings, with estimates ranging from $706.90 million to $779.10 million. Vail Resorts posted sales of $725.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The company is scheduled to issue its next earnings results on Friday, March 9th.

On average, analysts expect that Vail Resorts will report full-year sales of $741.28 million for the current fiscal year, with estimates ranging from $1.99 billion to $2.09 billion. For the next financial year, analysts forecast that the company will report sales of $2.17 billion per share, with estimates ranging from $2.12 billion to $2.23 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Vail Resorts.

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

A number of brokerages have recently commented on MTN. MKM Partners decreased their price objective on shares of Vail Resorts to $252.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays lifted their price objective on shares of Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research report on Friday, September 29th. Zacks Investment Research raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Janney Montgomery Scott reissued a “buy” rating and issued a $260.00 price objective (up previously from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $232.00 price objective (up previously from $229.00) on shares of Vail Resorts in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Vail Resorts presently has a consensus rating of “Buy” and an average price target of $250.67.

In related news, Director Michele Romanow bought 225 shares of Vail Resorts stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average price of $221.54 per share, with a total value of $49,846.50. Following the acquisition, the director now owns 1,663 shares of the company’s stock, valued at approximately $368,421.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Comerica Bank raised its stake in Vail Resorts by 0.6% in the 2nd quarter. Comerica Bank now owns 1,789 shares of the company’s stock worth $376,000 after purchasing an additional 10 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Vail Resorts by 2.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,016 shares of the company’s stock worth $409,000 after purchasing an additional 41 shares in the last quarter. Sii Investments Inc. WI raised its stake in Vail Resorts by 3.9% in the 2nd quarter. Sii Investments Inc. WI now owns 1,590 shares of the company’s stock worth $322,000 after purchasing an additional 60 shares in the last quarter. Baskin Financial Services Inc. raised its stake in Vail Resorts by 0.5% in the 3rd quarter. Baskin Financial Services Inc. now owns 51,537 shares of the company’s stock worth $11,757,000 after purchasing an additional 236 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Vail Resorts by 12.3% in the 2nd quarter. Prudential Financial Inc. now owns 2,290 shares of the company’s stock worth $464,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

Shares of Vail Resorts (NYSE:MTN) traded down $0.29 on Friday, hitting $224.81. 617,400 shares of the stock were exchanged, compared to its average volume of 867,783. Vail Resorts has a 52 week low of $162.00 and a 52 week high of $237.77. The company has a market cap of $9,270.00, a P/E ratio of 38.10 and a beta of 0.45. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th were issued a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, December 26th. Vail Resorts’s payout ratio is 71.36%.

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About Vail Resorts

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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