Wall Street brokerages forecast that Vail Resorts (NYSE:MTN) will announce earnings per share (EPS) of $6.03 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Vail Resorts’ earnings, with the lowest EPS estimate coming in at $5.86 and the highest estimate coming in at $6.13. Vail Resorts reported earnings of $4.84 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.6%. The business is scheduled to report its next quarterly earnings results on Thursday, June 14th.
On average, 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 fiscal year, analysts anticipate that the business will post earnings of $7.44 per share, with EPS estimates ranging from $7.08 to $8.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Vail Resorts.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, March 8th. The company reported $4.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.55 by $0.57. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The company had revenue of $734.58 million during the quarter, compared to analysts’ expectations of $716.72 million. During the same quarter in the previous year, the company earned $3.63 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis.
MTN opened at $227.95 on Thursday. Vail Resorts has a fifty-two week low of $186.44 and a fifty-two week high of $237.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.58. The firm has a market capitalization of $9,096.02, a price-to-earnings ratio of 43.67 and a beta of 0.44.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 11th. Stockholders of record on Tuesday, March 27th were given a $1.47 dividend. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.05. The ex-dividend date was Monday, March 26th. This represents a $5.88 annualized dividend and a dividend yield of 2.58%. Vail Resorts’s dividend payout ratio (DPR) is 112.64%.
In other news, CFO Michael Z. Barkin sold 2,695 shares of Vail Resorts stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total value of $599,502.75. Following the sale, the chief financial officer now owns 18,058 shares in the company, valued at $4,017,002.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ryan H. Siurek sold 322 shares of Vail Resorts stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $221.25, for a total transaction of $71,242.50. Following the completion of the sale, the senior vice president now owns 520 shares in the company, valued at approximately $115,050. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in Vail Resorts during the fourth quarter worth about $114,000. CENTRAL TRUST Co boosted its position in Vail Resorts by 3,147.1% during the fourth quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock worth $117,000 after acquiring an additional 535 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Vail Resorts by 579.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock worth $121,000 after acquiring an additional 487 shares during the last quarter. Elkfork Partners LLC acquired a new position in Vail Resorts during the fourth quarter worth about $121,000. Finally, Aviance Capital Management LLC acquired a new position in Vail Resorts during the fourth quarter worth about $138,000. Institutional investors and hedge funds own 95.78% of the company’s stock.
About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.