Wall Street brokerages expect that Vail Resorts (NYSE:MTN) will announce earnings of $6.03 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Vail Resorts’ earnings. The highest EPS estimate is $6.13 and the lowest is $5.86. Vail Resorts posted earnings of $4.84 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 24.6%. The business is expected to announce its next earnings report on Thursday, June 14th.
On average, analysts expect that Vail Resorts will report full year earnings of $8.95 per share for the current financial year, with EPS estimates ranging from $8.84 to $9.13. For the next year, analysts forecast that the business will report 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 sell-side research firms that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, March 8th. The company reported $4.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.55 by $0.57. The company had revenue of $734.58 million for the quarter, compared to analysts’ expectations of $716.72 million. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.63 EPS.
Shares of MTN stock traded up $3.39 during mid-day trading on Thursday, hitting $228.86. 274,430 shares of the stock traded hands, compared to its average volume of 494,217. The firm has a market cap of $9,027.73, a price-to-earnings ratio of 43.61 and a beta of 0.44. Vail Resorts has a 52-week low of $189.30 and a 52-week high of $237.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.58 and a current ratio of 0.73.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Investors 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. This represents a $5.88 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Monday, March 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 112.64%.
In related news, SVP Ryan H. Siurek sold 322 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $221.25, for a total value of $71,242.50. Following the completion of the transaction, the senior vice president now directly owns 520 shares of the company’s stock, valued at approximately $115,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Z. Barkin sold 2,695 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total transaction of $599,502.75. Following the completion of the transaction, the chief financial officer now directly owns 18,058 shares of the company’s stock, valued at $4,017,002.10. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Vail Resorts by 23.1% in the 4th quarter. Bank of Montreal Can now owns 161,422 shares of the company’s stock valued at $34,295,000 after purchasing an additional 30,249 shares during the last quarter. BlackRock Inc. increased its holdings in Vail Resorts by 1.8% in the 4th quarter. BlackRock Inc. now owns 2,106,641 shares of the company’s stock worth $447,597,000 after buying an additional 36,357 shares during the period. Dean Capital Investments Management LLC acquired a new position in Vail Resorts in the 4th quarter worth approximately $282,000. Virtu Financial LLC increased its holdings in Vail Resorts by 94.3% in the 4th quarter. Virtu Financial LLC now owns 11,143 shares of the company’s stock worth $2,368,000 after buying an additional 5,409 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Vail Resorts by 85.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,476 shares of the company’s stock worth $794,000 after buying an additional 1,603 shares during the period. 95.84% of the stock is owned by hedge funds and other institutional investors.
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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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