Analysts Expect Vail Resorts, Inc. (NYSE:MTN) to Post -$3.00 Earnings Per Share

Equities analysts expect Vail Resorts, Inc. (NYSE:MTN) to report ($3.00) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Vail Resorts’ earnings, with the lowest EPS estimate coming in at ($3.19) and the highest estimate coming in at ($2.88). Vail Resorts reported earnings of ($2.43) per share during the same quarter last year, which would indicate a negative year over year growth rate of 23.5%. The business is expected to issue its next earnings report after the market closes on Monday, December 9th.

On average, analysts expect that Vail Resorts will report full year earnings of $7.94 per share for the current fiscal year, with EPS estimates ranging from $7.81 to $8.00. For the next year, analysts expect that the firm will post earnings of $8.80 per share, with EPS estimates ranging from $8.43 to $9.22. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Vail Resorts.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, September 26th. The company reported ($2.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.58) by $0.36. The company had revenue of $244.01 million during the quarter, compared to the consensus estimate of $239.91 million. Vail Resorts had a net margin of 13.26% and a return on equity of 18.13%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.07) EPS.

Several brokerages recently issued reports on MTN. William Blair reiterated a “buy” rating on shares of Vail Resorts in a report on Friday. KeyCorp lifted their price objective on Vail Resorts from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Wells Fargo & Co boosted their target price on Vail Resorts from $230.00 to $235.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. They noted that the move was a valuation call. Deutsche Bank set a $281.00 target price on Vail Resorts and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, SunTrust Banks raised their price target on Vail Resorts from $247.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $247.26.

Vail Resorts stock opened at $232.81 on Friday. Vail Resorts has a 12 month low of $179.60 and a 12 month high of $259.00. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock has a market cap of $9.38 billion, a P/E ratio of 30.84, a P/E/G ratio of 1.96 and a beta of 0.71. The company’s fifty day simple moving average is $237.73 and its 200-day simple moving average is $233.22.

In other news, CMO Kirsten A. Lynch sold 5,834 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $228.62, for a total value of $1,333,769.08. Following the completion of the sale, the chief marketing officer now directly owns 17,060 shares in the company, valued at $3,900,257.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter A. Vaughn sold 500 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $226.63, for a total transaction of $113,315.00. Following the completion of the sale, the director now owns 8,615 shares of the company’s stock, valued at $1,952,417.45. The disclosure for this sale can be found here. Insiders have sold 13,641 shares of company stock valued at $3,120,591 in the last ninety days. Company insiders own 2.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc increased its stake in shares of Vail Resorts by 24.7% in the second quarter. NEXT Financial Group Inc now owns 384 shares of the company’s stock worth $87,000 after purchasing an additional 76 shares during the period. Commonwealth Equity Services LLC boosted its stake in Vail Resorts by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,786 shares of the company’s stock valued at $398,000 after purchasing an additional 102 shares during the period. BB&T Corp boosted its stake in Vail Resorts by 95.0% during the 2nd quarter. BB&T Corp now owns 4,131 shares of the company’s stock valued at $921,000 after purchasing an additional 2,012 shares during the period. SG Americas Securities LLC grew its holdings in Vail Resorts by 2.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,148 shares of the company’s stock valued at $1,818,000 after buying an additional 202 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Vail Resorts in the 2nd quarter valued at approximately $760,000. 95.64% of the stock is owned by hedge funds and other institutional investors.

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 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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