Brokerages Anticipate Vail Resorts (MTN) Will Announce Earnings of $6.03 Per Share

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.

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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.

A number of research firms have weighed in on MTN. Deutsche Bank reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Vail Resorts in a report on Thursday, February 1st. MKM Partners cut their price objective on shares of Vail Resorts to $252.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Vail Resorts has an average rating of “Buy” and an average price target of $250.67.

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.

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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.

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

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