Vail Resorts (NYSE:MTN) Posts Earnings Results, Misses Estimates By $0.16 EPS

Vail Resorts (NYSE:MTN) announced its quarterly earnings results on Monday. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16), FiscalAI reports. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.

Vail Resorts Stock Up 1.0%

NYSE MTN traded up $1.35 during trading on Monday, hitting $136.72. The stock had a trading volume of 1,448,310 shares, compared to its average volume of 841,022. The company has a market capitalization of $4.87 billion, a PE ratio of 22.30, a P/E/G ratio of 11.52 and a beta of 0.72. The company’s 50-day moving average price is $127.96 and its two-hundred day moving average price is $135.32. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.51 and a current ratio of 0.62. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $172.00.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MTN shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. Wells Fargo & Company started coverage on Vail Resorts in a report on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 price objective on the stock. Weiss Ratings cut Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Morgan Stanley cut their price objective on Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Finally, Barclays cut their price objective on Vail Resorts from $140.00 to $138.00 and set an “underweight” rating on the stock in a report on Tuesday, March 10th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average price target of $161.00.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch bought 190 shares of the business’s stock in a transaction on Monday, March 16th. The shares were purchased at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the purchase, the chief financial officer owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. The trade was a 3.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Katz bought 37,500 shares of the business’s stock in a transaction on Monday, March 16th. The stock was purchased at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the purchase, the chief executive officer directly owned 285,312 shares in the company, valued at approximately $37,606,974.72. This represents a 15.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTN. Arrowstreet Capital Limited Partnership raised its holdings in shares of Vail Resorts by 41.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,307 shares of the company’s stock valued at $82,908,000 after purchasing an additional 161,562 shares during the period. UBS Group AG raised its holdings in shares of Vail Resorts by 22.4% in the 3rd quarter. UBS Group AG now owns 713,531 shares of the company’s stock valued at $106,723,000 after purchasing an additional 130,460 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Vail Resorts by 1,776.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 113,956 shares of the company’s stock valued at $17,044,000 after purchasing an additional 107,883 shares during the period. Marshall Wace LLP raised its holdings in shares of Vail Resorts by 732.0% in the 3rd quarter. Marshall Wace LLP now owns 112,219 shares of the company’s stock valued at $16,785,000 after purchasing an additional 98,731 shares during the period. Finally, HRT Financial LP bought a new stake in shares of Vail Resorts in the 4th quarter valued at about $12,878,000. 94.90% of the stock is owned by institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.