Brokerages Anticipate Vail Resorts, Inc. (NYSE:MTN) Will Announce Quarterly Sales of $1.15 Billion

Analysts expect Vail Resorts, Inc. (NYSE:MTN – Get Rating) to post $1.15 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Vail Resorts’ earnings, with the lowest sales estimate coming in at $1.14 billion and the highest estimate coming in at $1.18 billion. Vail Resorts posted sales of $889.08 million during the same quarter last year, which suggests a positive year-over-year growth rate of 29.3%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Vail Resorts will report full year sales of $2.49 billion for the current financial year, with estimates ranging from $2.44 billion to $2.52 billion. For the next year, analysts anticipate that the firm will post sales of $2.82 billion, with estimates ranging from $2.70 billion to $2.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Vail Resorts.

Vail Resorts (NYSE:MTN – Get Rating) last posted its earnings results on Monday, March 14th. The company reported $5.47 earnings per share for the quarter, missing the consensus estimate of $5.72 by ($0.25). The company had revenue of $906.54 million for the quarter, compared to the consensus estimate of $954.87 million. Vail Resorts had a net margin of 10.02% and a return on equity of 11.91%. Vail Resorts’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter last year, the business earned $3.62 earnings per share.

MTN has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Vail Resorts from $262.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, March 23rd. KeyCorp decreased their price objective on Vail Resorts from $370.00 to $330.00 and set an “overweight” rating on the stock in a report on Tuesday, March 15th. StockNews.com initiated coverage on Vail Resorts in a report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $305.00 to $303.00 and set a “hold” rating on the stock in a report on Tuesday, April 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Vail Resorts from $345.00 to $314.00 and set a “neutral” rating for the company in a research note on Wednesday, January 19th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $328.25.

Institutional investors have recently modified their holdings of the business. Aravt Global LLC raised its position in shares of Vail Resorts by 83.9% during the 3rd quarter. Aravt Global LLC now owns 82,479 shares of the company’s stock valued at $27,552,000 after acquiring an additional 37,629 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Vail Resorts during the 4th quarter valued at $11,844,000. Astrantus Ltd bought a new stake in shares of Vail Resorts during the 4th quarter valued at $525,000. HighTower Advisors LLC raised its position in shares of Vail Resorts by 41.5% during the 3rd quarter. HighTower Advisors LLC now owns 5,653 shares of the company’s stock valued at $1,892,000 after acquiring an additional 1,659 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Vail Resorts by 10.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 58,854 shares of the company’s stock valued at $19,298,000 after buying an additional 5,486 shares during the period.

MTN stock opened at $249.78 on Friday. Vail Resorts has a twelve month low of $221.38 and a twelve month high of $376.24. The company has a market cap of $10.13 billion, a PE ratio of 47.49 and a beta of 1.19. The business’s 50-day simple moving average is $255.16 and its 200 day simple moving average is $295.09. The company has a quick ratio of 1.44, a current ratio of 1.53 and a debt-to-equity ratio of 1.50.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Wednesday, March 30th were given a dividend of $1.91 per share. This is a boost from Vail Resorts’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, March 29th. This represents a $7.64 annualized dividend and a dividend yield of 3.06%. Vail Resorts’s payout ratio is presently 145.25%.

Vail Resorts Company Profile (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.

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