Vail Resorts (NYSE:MTN) Announces Earnings Results

Vail Resorts (NYSE:MTN) released its quarterly earnings results on Thursday. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39), Briefing.com reports. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The company had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. During the same quarter last year, the company earned ($3.35) EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year.

Vail Resorts Price Performance

Shares of MTN opened at $180.65 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. The company’s fifty day simple moving average is $179.54 and its 200 day simple moving average is $191.96. Vail Resorts has a 1-year low of $165.14 and a 1-year high of $242.47. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.56 and a beta of 1.14.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s payout ratio is presently 120.82%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MTN. Morgan Stanley upped their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday. StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Stifel Nicolaus reduced their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday. Finally, Barclays decreased their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $211.75.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 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.