Zacks Research Reduces Earnings Estimates for Vail Resorts

Vail Resorts, Inc. (NYSE:MTN) – Equities researchers at Zacks Research lowered their Q2 2028 earnings estimates for shares of Vail Resorts in a research note issued on Tuesday, August 4th. Zacks Research analyst Team now anticipates that the company will earn $6.23 per share for the quarter, down from their prior forecast of $6.31. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Vail Resorts’ current full-year earnings is $4.31 per share.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm posted $10.54 EPS. The business’s revenue was down 7.0% on a year-over-year basis.

MTN has been the topic of several other reports. JPMorgan Chase & Co. raised their price objective on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Mizuho set a $174.00 target price on Vail Resorts in a report on Tuesday, June 9th. Barclays dropped their price target on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a research note on Tuesday, July 7th. Finally, Stifel Nicolaus decreased their price objective on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $151.45.

Vail Resorts Stock Up 0.4%

Shares of NYSE MTN opened at $149.76 on Wednesday. Vail Resorts has a 52-week low of $118.51 and a 52-week high of $165.50. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 9.85 and a beta of 0.70. The stock has a 50 day moving average price of $141.86 and a 200 day moving average price of $135.69. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.

Hedge Funds Weigh In On Vail Resorts

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in Vail Resorts by 2.9% during the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after buying an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Vail Resorts by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after acquiring an additional 2,824 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Vail Resorts by 24.1% in the 2nd quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock valued at $525,000 after acquiring an additional 600 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Vail Resorts in the 2nd quarter worth $2,119,000. Institutional investors own 94.90% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.