Vail Resorts, Inc. (NYSE:MTN) – William Blair upped their FY2018 earnings estimates for Vail Resorts in a note issued to investors on Monday. William Blair analyst R. Sundby now anticipates that the company will post earnings of $8.84 per share for the year, up from their prior forecast of $6.40. William Blair also issued estimates for Vail Resorts’ Q4 2018 earnings at ($2.18) EPS and FY2019 earnings at $7.30 EPS.
Other equities research analysts have also issued research reports about the stock. Deutsche Bank reissued a “buy” rating and set a $265.00 target price on shares of Vail Resorts in a research note on Thursday, February 1st. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. MKM Partners reduced their price objective on shares of Vail Resorts to $252.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $250.67.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, March 8th. The company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.55 by $0.57. The company had revenue of $734.58 million during the quarter, compared to analyst estimates of $716.72 million. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $3.63 EPS.
Several hedge funds have recently added to or reduced their stakes in MTN. Nationwide Fund Advisors lifted its position in Vail Resorts by 25.7% during the 3rd quarter. Nationwide Fund Advisors now owns 104,317 shares of the company’s stock worth $23,797,000 after acquiring an additional 21,317 shares during the last quarter. Aperio Group LLC lifted its position in Vail Resorts by 13.5% during the 3rd quarter. Aperio Group LLC now owns 9,746 shares of the company’s stock worth $2,223,000 after acquiring an additional 1,160 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Vail Resorts by 37.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,776 shares of the company’s stock worth $633,000 after acquiring an additional 760 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Vail Resorts during the 3rd quarter worth $480,000. Finally, State of Wisconsin Investment Board lifted its position in Vail Resorts by 7.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 36,311 shares of the company’s stock worth $8,283,000 after acquiring an additional 2,508 shares during the last quarter. 95.77% of the stock is owned by institutional investors and hedge funds.
In other Vail Resorts news, Director Michele Romanow acquired 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 purchase, the director now owns 1,663 shares in the company, valued at $368,421.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is currently owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Tuesday, March 27th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 2.66%. 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 payout ratio is presently 65.99%.
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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