Vail Resorts (NYSE:MTN) Issues Quarterly Earnings Results

Vail Resorts (NYSE:MTNGet Free Report) issued its earnings results on Thursday. The company reported $9.54 EPS for the quarter, missing the consensus estimate of $9.94 by ($0.40), reports. Vail Resorts had a return on equity of 24.36% and a net margin of 9.59%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.31 billion.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $173.94 on Friday. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. The business’s 50 day simple moving average is $204.24 and its two-hundred day simple moving average is $216.00. The stock has a market capitalization of $6.60 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.91 and a beta of 1.14. Vail Resorts has a one year low of $165.14 and a one year high of $258.13.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th will be paid a $2.22 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 5.11%. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Insiders Place Their Bets

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

A number of large investors have recently bought and sold shares of MTN. Norges Bank purchased a new position in shares of Vail Resorts during the fourth quarter valued at approximately $85,704,000. Nordea Investment Management AB increased its stake in shares of Vail Resorts by 2,451.9% during the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after buying an additional 400,941 shares during the period. APG Asset Management US Inc. purchased a new position in shares of Vail Resorts during the fourth quarter valued at approximately $37,684,000. Ceredex Value Advisors LLC purchased a new position in shares of Vail Resorts during the fourth quarter valued at approximately $35,645,000. Finally, London Co. of Virginia purchased a new position in shares of Vail Resorts during the third quarter valued at approximately $32,280,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on MTN shares. JPMorgan Chase & Co. downgraded Vail Resorts from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $217.00 to $176.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $244.00 to $226.00 in a report on Thursday. Mizuho lowered their price target on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday. Barclays lowered their price target on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a report on Friday. Finally, Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $285.00 to $250.00 in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $232.56.

Check Out Our Latest Analysis on Vail Resorts

Vail Resorts Company Profile

(Get Free Report)

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.

Further Reading

Earnings History for Vail Resorts (NYSE:MTN)

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