Vail Resorts (NYSE:MTN) Releases Quarterly Earnings Results, Misses Estimates By $0.39 EPS

by · The Cerbat Gem

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

Vail Resorts Stock Down 3.9 %

Shares of NYSE:MTN opened at $180.65 on Friday. The company has a market capitalization of $6.80 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14. Vail Resorts has a 1 year low of $165.14 and a 1 year high of $242.47. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. The business has a fifty day moving average price of $179.54 and a two-hundred day moving average price of $191.96.

Vail Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MTN. Mizuho dropped 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 report on Friday, June 7th. Morgan Stanley raised their target price on 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 dropped their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Barclays reduced their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday. Finally, Stifel Nicolaus lowered their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $211.75.

Read Our Latest Report on MTN

Vail Resorts Company Profile

(Get Free Report)

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.

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