Vail Resorts, Inc. (MTN) Expected to Post Earnings of $4.00 Per Share
Wall Street brokerages forecast that Vail Resorts, Inc. (NYSE:MTN) will report $4.00 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Vail Resorts’ earnings, with the highest EPS estimate coming in at $4.14 and the lowest estimate coming in at $3.72. Vail Resorts posted earnings of $3.63 per share in the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The company is scheduled to report its next quarterly earnings results on Friday, March 9th.
On average, analysts expect that Vail Resorts will report full year earnings of $6.85 per share for the current financial year, with EPS estimates ranging from $5.95 to $7.15. For the next financial year, analysts forecast that the firm will report earnings of $6.96 per share, with EPS estimates ranging from $6.74 to $7.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing the consensus estimate of ($1.90) by ($0.10). Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The firm had revenue of $220.90 million for the quarter, compared to analyst estimates of $198.95 million. During the same quarter last year, the firm earned ($1.70) EPS. The company’s revenue was up 23.9% on a year-over-year basis.
Several research analysts have commented on MTN shares. Janney Montgomery Scott reiterated a “buy” rating and set a $260.00 price target (up previously from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Bank of America upped their target price on shares of Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and issued a $232.00 target price (up previously from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. MKM Partners restated a “buy” rating and issued a $266.00 target price (up previously from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Finally, Deutsche Bank started coverage on shares of Vail Resorts in a report on Wednesday. They issued a “buy” rating and a $265.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $252.22.
In other news, CFO Michael Z. Barkin sold 7,953 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total value of $1,722,222.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John F. Sorte sold 6,597 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $216.74, for a total transaction of $1,429,833.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 236,742 shares of company stock valued at $51,804,735. Company insiders own 3.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its position in Vail Resorts by 5.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 57,587 shares of the company’s stock valued at $13,137,000 after purchasing an additional 3,003 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Vail Resorts in the 3rd quarter valued at $486,000. Neuberger Berman Group LLC raised its position in Vail Resorts by 13.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 99,014 shares of the company’s stock valued at $22,587,000 after purchasing an additional 11,500 shares during the last quarter. California Public Employees Retirement System raised its position in Vail Resorts by 7.3% in the 3rd quarter. California Public Employees Retirement System now owns 100,638 shares of the company’s stock valued at $22,958,000 after purchasing an additional 6,838 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Vail Resorts by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 17,721 shares of the company’s stock valued at $4,043,000 after purchasing an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 94.52% of the company’s stock.
Vail Resorts (MTN) traded up $1.23 during midday trading on Thursday, reaching $219.84. 548,697 shares of the company’s stock traded hands, compared to its average volume of 384,481. The company has a quick ratio of 0.41, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. Vail Resorts has a 12 month low of $159.65 and a 12 month high of $237.77. The firm has a market cap of $8,885.10, a PE ratio of 43.63 and a beta of 0.45.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be issued a $1.053 dividend. This represents a $4.21 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, December 26th. Vail Resorts’s payout ratio is 71.48%.
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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