Equities analysts forecast that Vail Resorts, Inc. (NYSE:MTN) will post $240.80 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Vail Resorts’ earnings, with estimates ranging from $230.82 million to $247.40 million. Vail Resorts posted sales of $211.64 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.8%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, September 26th.
According to Zacks, analysts expect that Vail Resorts will report full year sales of $2.27 billion for the current year, with estimates ranging from $2.26 billion to $2.28 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.42 billion, with estimates ranging from $2.40 billion to $2.47 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Vail Resorts.
Several brokerages recently weighed in on MTN. William Blair restated an “outperform” rating on shares of Vail Resorts in a research note on Friday, June 7th. SunTrust Banks upped their target price on Vail Resorts to $247.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Wells Fargo & Co began coverage on Vail Resorts in a research note on Monday, July 15th. They issued a “market perform” rating and a $230.00 price target for the company. Stifel Nicolaus raised their price target on Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, June 7th. Finally, Deutsche Bank set a $261.00 price target on Vail Resorts and gave the stock a “buy” rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $237.18.
A number of institutional investors and hedge funds have recently modified their holdings of MTN. Pinnacle Financial Partners Inc. acquired a new position in shares of Vail Resorts in the first quarter valued at about $28,000. SRS Capital Advisors Inc. purchased a new stake in Vail Resorts in the second quarter valued at approximately $28,000. Private Ocean LLC acquired a new position in Vail Resorts in the 1st quarter worth approximately $43,000. Massey Quick Simon & CO. LLC acquired a new position in Vail Resorts in the 2nd quarter worth approximately $45,000. Finally, Quadrant Capital Group LLC purchased a new position in Vail Resorts during the 1st quarter worth approximately $46,000. 95.25% of the stock is owned by institutional investors.
Shares of MTN traded up $0.88 during midday trading on Friday, hitting $238.78. 189,805 shares of the company’s stock traded hands, compared to its average volume of 376,053. Vail Resorts has a 1 year low of $179.60 and a 1 year high of $296.40. The firm’s fifty day moving average is $239.97 and its 200-day moving average is $225.32. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 1.95 and a beta of 0.68.
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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