Vail Resorts, Inc. (NYSE:MTN) – William Blair boosted their Q3 2018 earnings estimates for shares of Vail Resorts in a research report issued on Monday. William Blair analyst R. Sundby now expects that the company will post earnings per share of $5.86 for the quarter, up from their previous forecast of $5.43.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, March 8th. The company reported $4.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.55 by $0.57. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The firm had revenue of $734.58 million for the quarter, compared to the consensus estimate of $716.72 million. During the same quarter in the prior year, the company posted $3.63 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year.
Vail Resorts (NYSE MTN) opened at $223.42 on Tuesday. Vail Resorts has a fifty-two week low of $183.85 and a fifty-two week high of $237.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.58. The firm has a market cap of $9,171.99, a P/E ratio of 41.05 and a beta of 0.55.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Tuesday, March 27th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Monday, March 26th. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.05. Vail Resorts’s dividend payout ratio is currently 53.09%.
In related news, Director Michele Romanow acquired 225 shares of the 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 transaction, the director now owns 1,663 shares in the company, valued at approximately $368,421.02. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in MTN. Cerebellum GP LLC purchased a new position in shares of Vail Resorts during the 4th quarter valued at approximately $114,000. CENTRAL TRUST Co lifted its position in shares of Vail Resorts by 3,147.1% during the 4th quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock valued at $117,000 after buying an additional 535 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Vail Resorts by 579.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock valued at $121,000 after buying an additional 487 shares in the last quarter. Elkfork Partners LLC purchased a new position in shares of Vail Resorts during the 4th quarter valued at approximately $121,000. Finally, Aviance Capital Management LLC purchased a new position in shares of Vail Resorts during the 4th quarter valued at approximately $138,000. Institutional investors and hedge funds own 95.77% of the company’s stock.
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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