Vail Resorts (NYSE:MTN) Issues Earnings Results

Vail Resorts (NYSE:MTN) announced its quarterly earnings results on Thursday. The company reported $10.54 EPS for the quarter, topping analysts’ consensus estimates of $10.00 by $0.54, Zacks reports. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $9.54 earnings per share.

Vail Resorts Price Performance

Shares of MTN stock opened at $150.26 on Friday. Vail Resorts has a 12-month low of $129.85 and a 12-month high of $199.45. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm has a fifty day moving average of $145.63 and a 200-day moving average of $163.67.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.91%. The ex-dividend date is Tuesday, June 24th. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays restated an “underweight” rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Macquarie cut their price target on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Truist Financial cut their target price on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating for the company in a research note on Thursday, May 29th. Finally, Mizuho lifted their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $188.80.

Insider Activity

In other news, CFO Angela A. Korch purchased 185 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at approximately $472,960. This represents a 6.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vail Resorts

A hedge fund recently raised its stake in Vail Resorts stock. Goldman Sachs Group Inc. grew its position in Vail Resorts, Inc. (NYSE:MTN) by 2.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 121,123 shares of the company’s stock after buying an additional 3,440 shares during the period. Goldman Sachs Group Inc. owned approximately 0.32% of Vail Resorts worth $19,382,000 at the end of the most recent quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Vail Resorts

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.