Vail Resorts (NYSE:MTN) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Vail Resorts (NYSE:MTNGet Rating) released its earnings results on Thursday. The company reported $9.16 earnings per share for the quarter, topping the consensus estimate of $9.06 by $0.10, Briefing.com reports. Vail Resorts had a return on equity of 17.91% and a net margin of 12.82%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $6.71 earnings per share. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year.

Vail Resorts stock opened at $248.65 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.53 and a debt-to-equity ratio of 1.50. Vail Resorts has a 52 week low of $221.38 and a 52 week high of $376.24. The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of 32.29 and a beta of 1.19. The stock has a 50-day moving average price of $249.55 and a 200 day moving average price of $275.82.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 12th. Investors of record on Monday, June 27th will be issued a dividend of $1.91 per share. This represents a $7.64 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Friday, June 24th. Vail Resorts’s dividend payout ratio (DPR) is 99.22%.

Several brokerages have recently commented on MTN. Credit Suisse Group raised their price target on Vail Resorts from $379.00 to $383.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com began coverage on Vail Resorts in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Truist Financial lifted their target price on Vail Resorts from $278.00 to $281.00 and gave the company a “hold” rating in a research note on Friday. Stifel Nicolaus lifted their target price on Vail Resorts from $262.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, March 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $302.00 to $301.00 in a research note on Friday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $313.83.

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. lifted its holdings in shares of Vail Resorts by 5.9% during the first quarter. Raymond James Trust N.A. now owns 1,315 shares of the company’s stock worth $343,000 after purchasing an additional 73 shares during the period. Qtron Investments LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth about $326,000. Benchmark Investment Advisors LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth about $323,000. Cibc World Market Inc. lifted its holdings in shares of Vail Resorts by 8.5% during the first quarter. Cibc World Market Inc. now owns 1,213 shares of the company’s stock worth $316,000 after purchasing an additional 95 shares during the period. Finally, Roundview Capital LLC acquired a new stake in shares of Vail Resorts during the first quarter worth about $314,000.

About Vail Resorts (Get Rating)

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.

Further Reading

Earnings History for Vail Resorts (NYSE:MTN)

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