Brokerages predict that Vail Resorts, Inc. (NYSE:MTN) will announce sales of $956.68 million for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Vail Resorts’ earnings, with estimates ranging from $926.93 million to $974.40 million. Vail Resorts reported sales of $844.49 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The business is scheduled to issue its next earnings results after the market closes on Thursday, June 6th.
According to Zacks, analysts expect that Vail Resorts will report full-year sales of $2.26 billion for the current financial year, with estimates ranging from $2.24 billion to $2.30 billion. For the next fiscal year, analysts expect that the company will post sales of $2.41 billion, with estimates ranging from $2.36 billion to $2.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last released its earnings results on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.79 by $0.23. The company had revenue of $849.60 million during the quarter, compared to analyst estimates of $841.76 million. Vail Resorts had a net margin of 12.76% and a return on equity of 15.93%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.12 EPS.
In other Vail Resorts news, EVP David T. Shapiro sold 5,312 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $213.51, for a total transaction of $1,134,165.12. Following the completion of the sale, the executive vice president now directly owns 4,573 shares of the company’s stock, valued at approximately $976,381.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $216.47, for a total transaction of $216,470.00. Following the sale, the director now directly owns 8,372 shares of the company’s stock, valued at $1,812,286.84. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Vail Resorts by 4.8% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,192 shares of the company’s stock valued at $259,000 after purchasing an additional 55 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of Vail Resorts by 0.8% in the first quarter. Utah Retirement Systems now owns 7,562 shares of the company’s stock valued at $1,643,000 after purchasing an additional 62 shares in the last quarter. Appleton Partners Inc. MA grew its holdings in shares of Vail Resorts by 1.4% in the fourth quarter. Appleton Partners Inc. MA now owns 4,661 shares of the company’s stock valued at $983,000 after purchasing an additional 64 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Vail Resorts by 6.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,319 shares of the company’s stock valued at $278,000 after purchasing an additional 80 shares in the last quarter. Finally, Cadinha & Co. LLC grew its holdings in shares of Vail Resorts by 6.7% in the fourth quarter. Cadinha & Co. LLC now owns 1,435 shares of the company’s stock valued at $303,000 after purchasing an additional 90 shares in the last quarter. 94.33% of the stock is owned by hedge funds and other institutional investors.
Vail Resorts stock traded up $2.72 during midday trading on Friday, hitting $214.41. The stock had a trading volume of 245,800 shares, compared to its average volume of 428,280. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 2.09 and a beta of 0.66. Vail Resorts has a 52-week low of $179.60 and a 52-week high of $302.76. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.80.
Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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