Vail Resorts (NYSE:MTN) Posts Earnings Results, Beats Expectations By $0.27 EPS

Vail Resorts (NYSE:MTN) issued its earnings results on Monday. The company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $0.27, Briefing.com reports. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $5.76 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year.

Vail Resorts Stock Performance

Shares of NYSE:MTN opened at $165.76 on Wednesday. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The business’s 50 day moving average price is $168.46 and its 200-day moving average price is $175.96. The firm has a market capitalization of $6.21 billion, a PE ratio of 27.53, a P/E/G ratio of 1.93 and a beta of 1.12. Vail Resorts has a 1 year low of $151.99 and a 1 year high of $233.57.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s dividend payout ratio is presently 147.51%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays reissued an “underweight” rating and set a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a report on Monday. UBS Group began coverage on shares of Vail Resorts in a report on Thursday, November 14th. They set a “neutral” rating and a $185.00 target price for the company. Truist Financial decreased their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Macquarie boosted their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley decreased their target price on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Vail Resorts presently has an average rating of “Hold” and an average price target of $194.67.

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.