FY2021 EPS Estimates for Vail Resorts, Inc. (NYSE:MTN) Lowered by Analyst

Vail Resorts, Inc. (NYSE:MTN) – Analysts at Truist Securiti reduced their FY2021 earnings per share estimates for shares of Vail Resorts in a report released on Monday, June 7th. Truist Securiti analyst P. Scholes now anticipates that the company will earn $2.90 per share for the year, down from their previous estimate of $3.98. Truist Securiti also issued estimates for Vail Resorts’ Q4 2021 earnings at ($3.86) EPS, Q3 2022 earnings at $8.55 EPS, Q4 2022 earnings at ($3.34) EPS, Q2 2023 earnings at $6.51 EPS, Q3 2023 earnings at $9.22 EPS and FY2023 earnings at $9.60 EPS.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Sunday, June 6th. The company reported $6.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.67 by $0.05. Vail Resorts had a net margin of 6.45% and a return on equity of 8.00%.

A number of other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Vail Resorts from $294.00 to $298.00 and gave the company a “hold” rating in a report on Tuesday. Credit Suisse Group increased their price target on shares of Vail Resorts from $359.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday. Truist Securities increased their price target on shares of Vail Resorts from $292.00 to $308.00 in a report on Monday, April 26th. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $373.00 price objective on the stock in a research report on Thursday, April 29th. Finally, Bank of America increased their price objective on shares of Vail Resorts from $365.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Vail Resorts presently has an average rating of “Hold” and a consensus price target of $314.42.

Shares of MTN opened at $319.25 on Thursday. The stock has a market capitalization of $12.85 billion, a PE ratio of -1,140.18 and a beta of 1.30. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 1.64. Vail Resorts has a fifty-two week low of $172.88 and a fifty-two week high of $338.50. The business has a 50-day simple moving average of $318.11.

In other Vail Resorts news, CFO Michael Z. Barkin sold 3,297 shares of Vail Resorts stock in a transaction on Thursday, March 25th. The shares were sold at an average price of $279.32, for a total value of $920,918.04. Following the completion of the transaction, the chief financial officer now directly owns 20,416 shares of the company’s stock, valued at approximately $5,702,597.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Several large investors have recently modified their holdings of the business. Bamco Inc. NY boosted its stake in shares of Vail Resorts by 1.5% during the 1st quarter. Bamco Inc. NY now owns 4,487,957 shares of the company’s stock worth $1,308,958,000 after purchasing an additional 66,134 shares during the period. BlackRock Inc. lifted its holdings in Vail Resorts by 24.6% during the 1st quarter. BlackRock Inc. now owns 3,186,670 shares of the company’s stock valued at $929,426,000 after buying an additional 629,424 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Vail Resorts by 530.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 417,788 shares of the company’s stock valued at $121,852,000 after buying an additional 351,476 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in Vail Resorts by 187.5% during the 4th quarter. Lord Abbett & CO. LLC now owns 396,870 shares of the company’s stock valued at $110,711,000 after buying an additional 258,832 shares in the last quarter. Finally, Norges Bank bought a new stake in Vail Resorts during the 4th quarter valued at about $109,224,000. 95.08% of the stock is owned by institutional investors and hedge funds.

About Vail Resorts

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 and Estimates for Vail Resorts (NYSE:MTN)

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