Vail Resorts (NYSE:MTN) Posts Quarterly Earnings Results, Beats Estimates By $0.36 EPS

Vail Resorts (NYSE:MTN) posted its earnings results on Monday. The company reported ($2.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.00) by $0.36, Briefing.com reports. Vail Resorts had a net margin of 13.26% and a return on equity of 18.13%. The firm had revenue of $267.80 million during the quarter, compared to analysts’ expectations of $251.65 million. During the same period in the previous year, the business posted ($2.66) EPS. The business’s revenue was up 21.7% compared to the same quarter last year.

Shares of NYSE MTN opened at $230.83 on Tuesday. The firm has a market cap of $9.38 billion, a PE ratio of 30.57, a PEG ratio of 1.96 and a beta of 0.71. The firm has a fifty day moving average of $237.68 and a 200 day moving average of $233.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.60 and a current ratio of 0.73. Vail Resorts has a one year low of $179.60 and a one year high of $249.67.

Several analysts recently commented on MTN shares. Jefferies Financial Group set a $263.00 price target on shares of Vail Resorts and gave the company a “hold” rating in a research report on Friday, September 27th. Wells Fargo & Co lifted their price objective on shares of Vail Resorts from $230.00 to $235.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. They noted that the move was a valuation call. Barclays upped their price objective on shares of Vail Resorts from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. ValuEngine raised shares of Vail Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, SunTrust Banks increased their target price on shares of Vail Resorts from $247.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $247.26.

In other Vail Resorts news, EVP James C. O’donnell sold 4,515 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $227.65, for a total value of $1,027,839.75. Following the transaction, the executive vice president now owns 7,861 shares in the company, valued at approximately $1,789,556.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter A. Vaughn sold 500 shares of Vail Resorts stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $224.09, for a total transaction of $112,045.00. Following the sale, the director now directly owns 8,615 shares in the company, valued at approximately $1,930,535.35. The disclosure for this sale can be found here. In the last three months, insiders sold 13,641 shares of company stock valued at $3,120,591. 2.40% of the stock is owned by insiders.

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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Earnings History for Vail Resorts (NYSE:MTN)

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