Vail Resorts, Inc. (NYSE:MTN – Get Free Report) announced a quarterly dividend on Thursday, June 4th. Investors of record on Thursday, June 25th will be given a dividend of 2.22 per share on Thursday, July 9th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Thursday, June 25th.
Vail Resorts has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. Vail Resorts has a payout ratio of 109.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Vail Resorts to earn $6.24 per share next year, which means the company may not be able to cover its $8.88 annual dividend with an expected future payout ratio of 142.3%.
Vail Resorts Stock Performance
MTN opened at $141.92 on Tuesday. The business’s 50-day simple moving average is $129.71 and its 200 day simple moving average is $135.17. Vail Resorts has a 52-week low of $118.51 and a 52-week high of $172.00. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The firm has a market capitalization of $5.06 billion, a PE ratio of 32.26, a PEG ratio of 13.41 and a beta of 0.72.
Analyst Upgrades and Downgrades
Several research firms have recently commented on MTN. BNP Paribas Exane reissued an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Wells Fargo & Company began coverage on shares of Vail Resorts in a research report on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings lowered shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus price target of $151.45.
View Our Latest Stock Analysis on Vail Resorts
About Vail Resorts
Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.
Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.
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