Peak Resorts (SKIS) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

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 hedge funds have recently made changes to their positions in the stock. Resources Investment Advisors Inc. purchased a new stake in Peak Resorts in the 4th quarter valued at about $28,000. Stifel Financial Corp boosted its holdings in Peak Resorts by 11.6% in the 4th quarter. Stifel Financial Corp now owns 89,268 shares of the company’s stock worth $417,000 after acquiring an additional 9,250 shares during the period. Pinnacle Associates Ltd. boosted its holdings in Peak Resorts by 9.8% in the 4th quarter. Pinnacle Associates Ltd. now owns 90,079 shares of the company’s stock worth $422,000 after acquiring an additional 8,060 shares during the period. Renaissance Technologies LLC raised its position in shares of Peak Resorts by 30.8% in the 3rd quarter. Renaissance Technologies LLC now owns 171,799 shares of the company’s stock valued at $842,000 after purchasing an additional 40,501 shares in the last quarter. Finally, Vanguard Group Inc raised its position in shares of Peak Resorts by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 438,428 shares of the company’s stock valued at $2,148,000 after purchasing an additional 9,482 shares in the last quarter. 42.62% of the stock is owned by hedge funds and other institutional investors.

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.

TRADEMARK VIOLATION NOTICE: “Peak Resorts (SKIS) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS” was first posted by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://dakotafinancialnews.com/2019/03/14/peak-resorts-skis-issues-quarterly-earnings-results-beats-expectations-by-0-08-eps.html.

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.

Further Reading: Marijuana Stocks

Earnings History for Peak Resorts (NASDAQ:SKIS)

Receive News & Ratings for Peak Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peak Resorts and related companies with MarketBeat.com's FREE daily email newsletter.