Vail Resorts (NYSE:MTN) Issues Quarterly Earnings Results

Vail Resorts (NYSE:MTN) released its quarterly earnings results on Thursday. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39), Briefing.com reports. The firm had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($3.35) EPS.

Vail Resorts Trading Down 3.9 %

Shares of NYSE:MTN opened at $180.61 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The stock’s 50-day moving average is $179.54 and its 200-day moving average is $191.96. The company has a market cap of $6.79 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.56 and a beta of 1.14. Vail Resorts has a 52-week low of $165.14 and a 52-week high of $242.47.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s dividend payout ratio is 120.82%.

Analyst Ratings Changes

Several research firms recently commented on MTN. Morgan Stanley increased their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Mizuho cut their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Finally, Barclays decreased their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and an average price target of $211.75.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.