Wall Street brokerages expect that Vail Resorts, Inc. (NYSE:MTN) will post $960.08 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Vail Resorts’ earnings. The lowest sales estimate is $950.32 million and the highest is $972.90 million. Vail Resorts posted sales of $844.49 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The company is expected to issue its next earnings report on Thursday, June 6th.
According to Zacks, analysts expect that Vail Resorts will report full-year sales of $2.27 billion for the current fiscal year, with estimates ranging from $2.24 billion to $2.30 billion. For the next year, analysts anticipate that the company will post sales of $2.43 billion, with estimates ranging from $2.36 billion to $2.55 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $0.23. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The company had revenue of $849.60 million for the quarter, compared to analyst estimates of $841.76 million. During the same period in the previous year, the company posted $4.12 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year.
Several equities research analysts recently issued reports on the company. Macquarie lowered Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 price objective for the company. in a research note on Thursday. KeyCorp lifted their target price on shares of Vail Resorts from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. ValuEngine downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Stifel Nicolaus upped their target price on shares of Vail Resorts from $215.00 to $219.00 and gave the stock a “hold” rating in a research report on Monday, March 11th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Vail Resorts currently has an average rating of “Hold” and an average price target of $266.45.
In other Vail Resorts news, EVP David T. Shapiro sold 5,312 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $213.51, for a total transaction of $1,134,165.12. Following the transaction, the executive vice president now directly owns 4,573 shares in the company, valued at $976,381.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $216.47, for a total transaction of $216,470.00. Following the transaction, the director now directly owns 8,372 shares in the company, valued at $1,812,286.84. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Vail Resorts during the fourth quarter valued at about $72,303,000. Westfield Capital Management Co. LP lifted its stake in shares of Vail Resorts by 177.1% in the 4th quarter. Westfield Capital Management Co. LP now owns 388,804 shares of the company’s stock valued at $81,968,000 after acquiring an additional 248,474 shares during the last quarter. Marshall Wace LLP boosted its holdings in Vail Resorts by 131.8% during the 3rd quarter. Marshall Wace LLP now owns 309,247 shares of the company’s stock valued at $84,864,000 after acquiring an additional 175,845 shares during the period. Morgan Stanley boosted its holdings in Vail Resorts by 151.5% during the 3rd quarter. Morgan Stanley now owns 238,162 shares of the company’s stock valued at $65,355,000 after acquiring an additional 143,471 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its holdings in Vail Resorts by 44.7% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 454,399 shares of the company’s stock valued at $95,796,000 after acquiring an additional 140,396 shares during the period. 99.20% of the stock is owned by institutional investors.
NYSE MTN traded up $4.09 on Monday, hitting $219.48. The stock had a trading volume of 389,010 shares, compared to its average volume of 390,561. Vail Resorts has a 52-week low of $179.60 and a 52-week high of $302.76. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.55 and a quick ratio of 0.41. The stock has a market capitalization of $8.66 billion, a PE ratio of 34.89 and a beta of 0.65.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Wednesday, March 27th will be given a $1.76 dividend. This is an increase from Vail Resorts’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, March 26th. This represents a $7.04 dividend on an annualized basis and a yield of 3.21%. Vail Resorts’s payout ratio is presently 111.92%.
Vail Resorts Company Profile
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 Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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