Zacks: Analysts predict Vail Resorts, Inc. (NYSE: MTN) to post earnings of $ 5.80 per share
Equity research analysts expect Vail Resorts, Inc. (NYSE: MTN) to report earnings of $ 5.80 per share for the current quarter, according to Zacks. Seven analysts have released earnings estimates for Vail Resorts, with the lowest EPS estimate at $ 5.49 and the highest estimate at $ 6.20. Vail Resorts posted earnings per share of $ 3.62 in the same quarter last year, suggesting a positive year-over-year growth rate of 60.2%. The company is expected to release its next earnings report on Thursday, March 10.
According to Zacks, analysts predict that Vail Resorts will report annual earnings of $ 7.93 per share for the current year, with EPS estimates ranging from $ 7.43 to $ 8.59. For the next fiscal year, analysts expect the company to report earnings of $ 9.99 per share, with EPS estimates ranging from $ 8.35 to $ 10.75. Zacks’ earnings per share calculations are an average based on a survey of sales analysts who track Vail Resorts.
Vail Resorts (NYSE: MTN) last reported quarterly results on Thursday, December 9. The company reported ($ 3.44) earnings per share for the quarter, exceeding the consensus estimate of ($ 3.65) by $ 0.21. Vail Resorts had a net margin of 7.28% and a return on equity of 7.90%. The company posted revenue of $ 175.58 million for the quarter, compared to analysts’ estimates of $ 192.77 million. In the same quarter of the previous year, the company achieved earnings per share ($ 3.63). The quarterly turnover of the activity is up 33.2% compared to the same quarter of last year.
A number of equity research analysts have weighed on the stock recently. Deutsche Bank Aktiengesellschaft raised its price target for Vail Resorts shares from $ 310.00 to $ 331.00 and assigned the stock a “conservation” rating in a report released on Monday, December 13. They noted that the move was an appraisal call. TheStreet downgraded Vail Resorts shares from a “b-” rating to a “c +” rating in a report released on Monday, November 29. William Blair reaffirmed a “market performance” rating on shares of Vail Resorts in a report released on Wednesday, December 8. Zacks Investment Research upgraded Vail Resorts shares from a “sell” rating to a “keep” rating and set a target price of $ 329.00 on the stock in a report released on Wednesday, September 22. Finally, Credit Suisse Group increased its price target on Vail Resorts shares from $ 367.00 to $ 379.00 and gave the company an “outperformance” rating in a Friday, December 10 research note. Seven equity research analysts rated the stock with a conservation rating and two gave the company a buy rating. Based on MarketBeat data, the company has a consensus rating of “Hold” and an average target price of $ 335.43.
NYSE MTN shares traded down $ 1.41 in Friday’s session, reaching $ 327.90. 194,905 shares of the company were traded for an average volume of 340,487. The company’s fifty-day moving average is $ 339.98 and its 200-day moving average is $ 324.29. Vail Resorts has a minimum of 261.41 weeks over 52 weeks and a maximum of 376.24 weeks over 52 weeks. The company has a market cap of $ 13.26 billion, a price-to-earnings ratio of 96.16 and a beta of 1.22. The company has a debt to equity ratio of 1.62, a quick ratio of 1.32, and a current ratio of 1.40.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 11. Shareholders of record on Tuesday, December 28 will receive a dividend of $ 0.88. The ex-dividend date is Monday, December 27. This represents an annualized dividend of $ 3.52 and a return of 1.07%. Vail Resorts’ dividend payout ratio (DPR) is 103.23%.
In addition, director John F. Sorte sold 1,832 shares in a transaction that took place on Monday, December 13. The shares were sold at an average price of $ 338.66, for a total trade of $ 620,425.12. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available through this link. Additionally, insider Robert A. Katz sold 98,209 shares in a trade that took place on Monday, December 13. The shares were sold at an average price of $ 330.60, for a total trade of $ 32,467,895.40. Disclosure of this sale can be found here. Insiders have sold a total of 101,877 shares of the company valued at $ 33,704,023 in the past three months. Insiders own 1.70% of the shares of the company.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Segall Bryant & Hamill LLC increased its stake in Vail Resorts by 4,961.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 54,516 shares of the company valued at $ 18,209,000 after purchasing an additional 53,439 shares during the period. Zeke Capital Advisors LLC purchased a new position in Vail Resorts in the third quarter valued at approximately $ 282,000. Comerica Bank increased its stake in Vail Resorts by 641.5% in the 3rd quarter. Comerica Bank now owns 31,979 shares of the company valued at $ 11,037,000 after purchasing an additional 27,666 shares during the period. Bank of New York Mellon Corp increased its stake in Vail Resorts by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 159,630 shares of the company valued at $ 53,324,000 after purchasing an additional 605 shares during the period. Finally, Kozak & Associates Inc. purchased a new position in Vail Resorts in Q3 valued at approximately $ 35,000. 93.42% of the shares are held by institutional investors.
Company Profile Vail Resorts
Vail Resorts, Inc. is a holding company, which deals with the operation of hill stations. It operates through the following segments: Mountain, Accommodation and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas and related activities. The Accommodations segment includes ownership of hotels, RockResorts, NPS concessionary properties, condominium management, Colorado resort ground transportation operations, and mountain golf operations.
See also: Limits of profit margin analysis
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