Analysts Expect Vail Resorts, Inc. (MTN) to Announce $6.03 Earnings Per Share

Wall Street brokerages expect Vail Resorts, Inc. (NYSE:MTN) to announce earnings per share of $6.03 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Vail Resorts’ earnings, with the highest EPS estimate coming in at $6.13 and the lowest estimate coming in at $5.86. Vail Resorts posted earnings per share of $4.84 in the same quarter last year, which indicates a positive year-over-year growth rate of 24.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, June 14th.

According to Zacks, analysts expect that Vail Resorts will report full-year earnings of $8.95 per share for the current fiscal year, with EPS estimates ranging from $8.84 to $9.13. For the next financial year, analysts expect that the business will post earnings of $7.44 per share, with EPS estimates ranging from $7.08 to $8.01. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Vail Resorts.

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Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, March 8th. The company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.57. The company had revenue of $734.58 million during the quarter, compared to analyst estimates of $716.72 million. Vail Resorts had a return on equity of 13.17% and a net margin of 16.91%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.63 earnings per share.

Several brokerages recently weighed in on MTN. Stifel Nicolaus increased their price objective on Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a research report on Friday, December 8th. Zacks Investment Research lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Deutsche Bank reiterated a “buy” rating and issued a $265.00 price objective on shares of Vail Resorts in a research report on Thursday, February 1st. Finally, MKM Partners lowered their price target on Vail Resorts to $252.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Vail Resorts has a consensus rating of “Buy” and a consensus target price of $250.67.

Vail Resorts stock traded down $2.43 during mid-day trading on Monday, hitting $219.27. The company’s stock had a trading volume of 319,603 shares, compared to its average volume of 532,740. The firm has a market capitalization of $8,958.23, a price-to-earnings ratio of 42.01 and a beta of 0.44. Vail Resorts has a 1 year low of $186.44 and a 1 year high of $237.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.58 and a current ratio of 0.73.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Tuesday, March 27th will be given a dividend of $1.47 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.05. This represents a $5.88 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, March 26th. Vail Resorts’s dividend payout ratio (DPR) is currently 112.64%.

In related news, SVP Ryan H. Siurek sold 322 shares of Vail Resorts stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $221.25, for a total value of $71,242.50. Following the completion of the transaction, the senior vice president now directly owns 520 shares in the company, valued at $115,050. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Z. Barkin sold 2,695 shares of Vail Resorts stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total value of $599,502.75. Following the completion of the transaction, the chief financial officer now owns 18,058 shares of the company’s stock, valued at $4,017,002.10. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in MTN. CI Investments Inc. purchased a new position in Vail Resorts in the fourth quarter valued at $52,884,000. Jennison Associates LLC boosted its holdings in Vail Resorts by 62.6% in the fourth quarter. Jennison Associates LLC now owns 608,496 shares of the company’s stock valued at $129,287,000 after purchasing an additional 234,198 shares during the period. Shellback Capital LP boosted its holdings in Vail Resorts by 397.8% in the fourth quarter. Shellback Capital LP now owns 172,064 shares of the company’s stock valued at $36,558,000 after purchasing an additional 137,500 shares during the period. Two Sigma Investments LP purchased a new position in Vail Resorts in the fourth quarter valued at $27,105,000. Finally, Carillon Tower Advisers Inc. purchased a new position in Vail Resorts in the fourth quarter valued at $24,302,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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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.

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Earnings History and Estimates for Vail Resorts (NYSE:MTN)

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