Vail Resorts (NYSE:MTN) Announces Quarterly Earnings Results

by · The Markets Daily

Vail Resorts (NYSE:MTN – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39), Briefing.com reports. The business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned ($3.35) earnings per share.

Vail Resorts Stock Performance

NYSE:MTN opened at $180.65 on Friday. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.56 and a beta of 1.14. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $242.47. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The stock has a fifty day moving average price of $179.54 and a 200-day moving average price of $191.96.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be issued a $2.22 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 4.92%. Vail Resorts’s dividend payout ratio is presently 120.82%.

Analyst Ratings Changes

A number of research firms recently weighed in on MTN. Barclays dropped their price target on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. downgraded Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $217.00 to $176.00 in a research report on Friday, June 7th. StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday. Morgan Stanley increased their price objective on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $211.75.

Check Out Our Latest Stock Analysis on Vail Resorts

About Vail Resorts

(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.

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