Vail Resorts (MTN) Posts Earnings Results, Misses Expectations By $0.10 EPS

Vail Resorts (NYSE:MTN) issued its quarterly earnings data on Thursday. The company reported ($2.00) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($0.10), Briefing.com reports. The business had revenue of $220.90 million during the quarter, compared to the consensus estimate of $198.95 million. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. Vail Resorts’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.70) earnings per share.

Shares of Vail Resorts (MTN) opened at $225.50 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.58 and a current ratio of 0.72. Vail Resorts has a 1 year low of $158.01 and a 1 year high of $237.77. The firm has a market capitalization of $8,851.40, a P/E ratio of 41.42 and a beta of 0.45.

A number of equities research analysts have recently weighed in on MTN shares. Zacks Investment Research lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. KeyCorp restated an “overweight” rating and set a $250.00 price target on shares of Vail Resorts in a research report on Wednesday, August 30th. Stifel Nicolaus restated a “hold” rating and set a $229.00 price target on shares of Vail Resorts in a research report on Thursday, September 7th. Barclays lifted their price target on Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research report on Friday, September 29th. Finally, Janney Montgomery Scott restated a “buy” rating and set a $260.00 price target (up from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Vail Resorts currently has a consensus rating of “Buy” and a consensus price target of $250.25.

In other Vail Resorts news, Chairman Robert A. Katz sold 55,976 shares of Vail Resorts stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total transaction of $12,333,751.84. Following the completion of the transaction, the chairman now owns 496,166 shares in the company, valued at $109,325,216.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patricia A. Campbell sold 5,515 shares of Vail Resorts stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total value of $1,226,591.15. Following the transaction, the insider now owns 28,736 shares of the company’s stock, valued at approximately $6,391,173.76. The disclosure for this sale can be found here. Insiders have sold 236,742 shares of company stock worth $51,804,735 over the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

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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.

Earnings History for Vail Resorts (NYSE:MTN)

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