Vail Resorts (NYSE:MTN) Posts Quarterly Earnings Results, Misses Estimates By $0.39 EPS

Vail Resorts (NYSE:MTN) posted its earnings results on Thursday. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39), Briefing.com reports. The company had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. Vail Resorts’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned ($3.35) EPS.

Vail Resorts Trading Down 3.9 %

MTN traded down $7.34 during trading hours on Friday, reaching $180.61. The company’s stock had a trading volume of 1,538,764 shares, compared to its average volume of 527,957. The stock has a market cap of $6.79 billion, a PE ratio of 24.58, a P/E/G ratio of 2.56 and a beta of 1.14. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $242.47. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. The business’s 50-day moving average is $179.54 and its 200-day moving average is $191.96.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is presently 120.82%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday. Mizuho reduced their price target on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Barclays dropped their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday. StockNews.com downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Morgan Stanley upped their price target on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus price target of $211.75.

Vail Resorts Company Profile

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.