Brokerages predict that Vail Resorts, Inc. (NYSE:MTN) will report $827.57 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Vail Resorts’ earnings, with estimates ranging from $809.27 million to $851.50 million. Vail Resorts reported sales of $794.63 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.1%. The company is scheduled to issue its next earnings results before the market opens on Thursday, June 7th.
On average, analysts expect that Vail Resorts will report full-year sales of $1.99 billion for the current fiscal year, with estimates ranging from $1.99 billion to $2.01 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.15 billion per share, with estimates ranging from $2.11 billion to $2.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Vail Resorts.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Wednesday, June 6th. The company reported $6.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.77 by $0.40. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The company had revenue of $844.50 million during the quarter, compared to analyst estimates of $823.83 million. During the same quarter in the prior year, the business earned $4.40 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year.
Separately, Bank of America increased their price objective on shares of Vail Resorts from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $253.44.
Shares of Vail Resorts traded up $11.77, hitting $270.87, during trading hours on Monday, Marketbeat Ratings reports. The company’s stock had a trading volume of 35,413 shares, compared to its average volume of 221,166. Vail Resorts has a 1-year low of $197.48 and a 1-year high of $259.48. The firm has a market capitalization of $10.38 billion, a P/E ratio of 52.16 and a beta of 0.45. The company has a quick ratio of 0.58, a current ratio of 0.73 and a debt-to-equity ratio of 0.63.
In other Vail Resorts news, CFO Michael Z. Barkin sold 2,695 shares of the firm’s stock in a transaction 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 approximately $4,017,002.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ryan H. Siurek sold 322 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $221.25, for a total transaction of $71,242.50. Following the transaction, the senior vice president now directly owns 520 shares of the company’s stock, valued at $115,050. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Vail Resorts by 1.8% during the 4th quarter. BlackRock Inc. now owns 2,106,641 shares of the company’s stock worth $447,597,000 after acquiring an additional 36,357 shares in the last quarter. Dean Capital Investments Management LLC acquired a new position in Vail Resorts during the 4th quarter worth $282,000. Virtu Financial LLC grew its holdings in Vail Resorts by 94.3% during the 4th quarter. Virtu Financial LLC now owns 11,143 shares of the company’s stock worth $2,368,000 after acquiring an additional 5,409 shares in the last quarter. LPL Financial LLC acquired a new position in Vail Resorts during the 4th quarter worth $1,138,000. Finally, Public Employees Retirement Association of Colorado grew its holdings in Vail Resorts by 0.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 65,377 shares of the company’s stock worth $13,891,000 after acquiring an additional 268 shares in the last quarter. 98.51% of the stock is owned by institutional investors.
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, 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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