Vail Resorts, Inc. (NYSE:MTN) Plans Quarterly Dividend of $2.22

Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Stockholders of record on Thursday, March 27th will be paid a dividend of 2.22 per share on Thursday, April 10th. This represents a $8.88 annualized dividend and a dividend yield of 5.36%. The ex-dividend date is Thursday, March 27th.

Vail Resorts has increased its dividend payment by an average of 71.5% per year over the last three years. Vail Resorts has a dividend payout ratio of 106.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Vail Resorts to earn $8.25 per share next year, which means the company may not be able to cover its $8.88 annual dividend with an expected future payout ratio of 107.6%.

Vail Resorts Price Performance

Vail Resorts stock traded up $12.18 during midday trading on Tuesday, reaching $165.76. 1,587,051 shares of the company were exchanged, compared to its average volume of 556,699. The firm’s 50-day simple moving average is $168.90 and its 200-day simple moving average is $176.04. Vail Resorts has a 1 year low of $151.99 and a 1 year high of $233.57. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.76 earnings per share. On average, analysts anticipate that Vail Resorts will post 7.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday. UBS Group initiated coverage on Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price for the company. Macquarie raised their price target on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Truist Financial dropped their price objective 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. Finally, StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $194.67.

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.