Vail Resorts (NYSE:MTN) Announces Quarterly Earnings Results

Vail Resorts (NYSE:MTN) posted its quarterly earnings data on Monday. The company reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.05 by ($0.18), FiscalAI reports. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion.

Vail Resorts Price Performance

Shares of NYSE MTN traded down $4.06 during trading hours on Monday, hitting $134.70. 1,407,555 shares of the stock were exchanged, compared to its average volume of 831,638. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.46 and a current ratio of 0.54. The company has a market cap of $4.82 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 8.46 and a beta of 0.78. The company’s fifty day simple moving average is $137.54 and its two-hundred day simple moving average is $145.19. Vail Resorts has a 1-year low of $126.15 and a 1-year high of $175.51.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Tuesday, December 30th. Vail Resorts’s dividend payout ratio is 130.21%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank lifted its stake in Vail Resorts by 0.4% during the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after purchasing an additional 78 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Vail Resorts by 32.9% in the 4th quarter. UMB Bank n.a. now owns 440 shares of the company’s stock valued at $58,000 after purchasing an additional 109 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Vail Resorts by 9.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,363 shares of the company’s stock worth $214,000 after buying an additional 113 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Vail Resorts by 38.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 525 shares of the company’s stock worth $79,000 after buying an additional 147 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTN has been the topic of several recent research reports. Barclays set a $140.00 target price on shares of Vail Resorts in a report on Wednesday, February 4th. Morgan Stanley set a $150.00 price target on Vail Resorts in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vail Resorts in a research report on Monday, December 29th. UBS Group restated a “neutral” rating and set a $169.00 price objective on shares of Vail Resorts in a research note on Friday, January 16th. Finally, Truist Financial dropped their price objective on Vail Resorts from $237.00 to $234.00 and set a “buy” rating for the company in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and an average target price of $172.82.

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.