Vail Resorts (NYSE:MTN) Announces Earnings Results, Beats Expectations By $0.05 EPS

Vail Resorts (NYSE:MTN) issued its quarterly earnings results on Sunday. The company reported $6.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.67 by $0.05, Fidelity Earnings reports. Vail Resorts had a positive return on equity of 0.03% and a negative net margin of 0.44%.

Shares of Vail Resorts stock opened at $334.27 on Tuesday. The company’s fifty day moving average price is $316.34. Vail Resorts has a 12 month low of $172.88 and a 12 month high of $338.50. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.51 and a current ratio of 1.60. The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of -1,193.82 and a beta of 1.30.

MTN has been the subject of a number of analyst reports. Truist raised their price target on Vail Resorts from $292.00 to $308.00 in a research report on Monday, April 26th. Truist Securities increased their target price on Vail Resorts from $292.00 to $308.00 in a research note on Monday, April 26th. Bank of America upgraded Vail Resorts from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a research note on Thursday, March 25th. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $373.00 target price on the stock in a research note on Thursday, April 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Vail Resorts from $294.00 to $298.00 and gave the stock a “hold” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $304.62.

In other Vail Resorts news, CFO Michael Z. Barkin sold 3,297 shares of Vail Resorts stock in a transaction dated Thursday, March 25th. The stock was sold at an average price of $279.32, for a total value of $920,918.04. Following the transaction, the chief financial officer now owns 20,416 shares in the company, valued at $5,702,597.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% 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. Its Mountain segment operates Vail Mountain, Breckenridge Ski, Keystone, Beaver Creek, and Crested Butte Mountain resorts in Colorado; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Mount Sunapee Resort in New Hampshire; Park City resort in Utah; Stowe and Okemo Mountain Resort in Vermont; and Stevens Pass Mountain Resort in Washington.

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Earnings History for Vail Resorts (NYSE:MTN)

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