Peak Resorts (NASDAQ:SKIS) released its quarterly earnings data on Wednesday. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08, Fidelity Earnings reports. The company had revenue of $83.98 million for the quarter, compared to analysts’ expectations of $82.93 million. Peak Resorts had a negative net margin of 3.02% and a negative return on equity of 4.26%.
Shares of NASDAQ:SKIS traded up $0.09 during midday trading on Thursday, hitting $4.75. 2,129 shares of the stock were exchanged, compared to its average volume of 17,214. The company has a market capitalization of $68.25 million, a PE ratio of 67.86 and a beta of 0.81. The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 3.74. Peak Resorts has a twelve month low of $4.10 and a twelve month high of $5.55.
In other news, insider Timothy D. Boyd purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, January 8th. The stock was acquired at an average price of $4.79 per share, with a total value of $47,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.89% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Peak Resorts from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research report on Saturday, December 15th. Oppenheimer set a $7.00 target price on Peak Resorts and gave the company a “buy” rating in a report on Wednesday, December 12th. Finally, ValuEngine downgraded Peak Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th.
Peak Resorts Company Profile
Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.
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