Analysts expect Vail Resorts, Inc. (NYSE:MTN) to report earnings per share of ($2.58) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Vail Resorts’ earnings, with estimates ranging from ($2.87) to ($2.31). Vail Resorts reported earnings per share of ($2.07) during the same quarter last year, which would suggest a negative year over year growth rate of 24.6%. The company is expected to report its next earnings results on Friday, September 27th.
On average, analysts expect that Vail Resorts will report full-year earnings of $6.99 per share for the current financial year, with EPS estimates ranging from $6.65 to $7.21. For the next year, analysts expect that the company will post earnings of $7.96 per share, with EPS estimates ranging from $7.33 to $8.30. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Vail Resorts.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, June 6th. The company reported $7.12 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.09. The firm had revenue of $958.00 million during the quarter, compared to analysts’ expectations of $958.39 million. Vail Resorts had a net margin of 13.71% and a return on equity of 18.25%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $6.17 earnings per share.
Shares of MTN opened at $243.41 on Monday. The company has a market capitalization of $9.80 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. Vail Resorts has a 12 month low of $179.60 and a 12 month high of $302.76. The business’s 50-day simple moving average is $229.16.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Wednesday, June 26th were issued a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts’s payout ratio is 111.92%.
In related news, Chairman Robert A. Katz sold 64,913 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $231.95, for a total value of $15,056,570.35. Following the completion of the sale, the chairman now owns 425,729 shares of the company’s stock, valued at $98,747,841.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Patricia A. Campbell sold 6,431 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $235.53, for a total transaction of $1,514,693.43. Following the completion of the sale, the insider now directly owns 33,729 shares of the company’s stock, valued at approximately $7,944,191.37. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Baskin Financial Services Inc. boosted its position in shares of Vail Resorts by 8.8% during the second quarter. Baskin Financial Services Inc. now owns 64,253 shares of the company’s stock worth $14,340,000 after purchasing an additional 5,212 shares in the last quarter. BB&T Corp boosted its position in shares of Vail Resorts by 95.0% during the second quarter. BB&T Corp now owns 4,131 shares of the company’s stock worth $921,000 after purchasing an additional 2,012 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of Vail Resorts during the second quarter worth $832,000. Commonwealth Equity Services LLC boosted its position in shares of Vail Resorts by 6.1% during the second quarter. Commonwealth Equity Services LLC now owns 1,786 shares of the company’s stock worth $398,000 after purchasing an additional 102 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of Vail Resorts during the second quarter worth $306,000. 97.68% of the stock is owned by institutional investors and hedge funds.
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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