Vail Resorts, Inc. (NYSE:MTN) to Issue Quarterly Dividend of $1.91

Vail Resorts, Inc. (NYSE:MTNGet Rating) declared a quarterly dividend on Friday, June 10th, Wall Street Journal reports. Stockholders of record on Monday, June 27th will be paid a dividend of 1.91 per share on Tuesday, July 12th. This represents a $7.64 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, June 24th.

Vail Resorts has decreased its dividend by an average of 33.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Vail Resorts has a dividend payout ratio of 85.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Vail Resorts to earn $9.00 per share next year, which means the company should continue to be able to cover its $7.64 annual dividend with an expected future payout ratio of 84.9%.

Shares of NYSE MTN traded up $3.15 during midday trading on Friday, reaching $248.65. The stock had a trading volume of 869,951 shares, compared to its average volume of 442,787. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.44 and a current ratio of 1.53. Vail Resorts has a twelve month low of $221.38 and a twelve month high of $376.24. The company’s 50 day moving average price is $249.76 and its 200 day moving average price is $276.48. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 47.27 and a beta of 1.19.

Vail Resorts (NYSE:MTNGet Rating) last released its earnings results on Thursday, June 9th. The company reported $9.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.06 by $0.10. Vail Resorts had a net margin of 10.02% and a return on equity of 11.91%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company earned $6.71 EPS. Vail Resorts’s quarterly revenue was up 32.3% compared to the same quarter last year. Equities analysts forecast that Vail Resorts will post 8.42 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd grew its stake in shares of Vail Resorts by 700.0% in the 1st quarter. Covestor Ltd now owns 280 shares of the company’s stock worth $73,000 after acquiring an additional 245 shares in the last quarter. MML Investors Services LLC bought a new stake in shares of Vail Resorts in the 4th quarter worth $206,000. Mackenzie Financial Corp bought a new stake in shares of Vail Resorts in the 4th quarter worth $239,000. Wealthfront Advisers LLC bought a new position in Vail Resorts during the first quarter valued at about $219,000. Finally, Allstate Corp grew its position in Vail Resorts by 5.6% during the fourth quarter. Allstate Corp now owns 854 shares of the company’s stock valued at $280,000 after buying an additional 45 shares during the period.

A number of research firms recently issued reports on MTN. Truist Financial boosted their target price on shares of Vail Resorts from $278.00 to $281.00 and gave the company a “hold” rating in a research report on Friday. Stifel Nicolaus boosted their target price on shares of Vail Resorts from $262.00 to $274.00 and gave the company a “hold” rating in a research report on Wednesday, March 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vail Resorts from $302.00 to $301.00 in a research note on Friday. Credit Suisse Group boosted their price target on shares of Vail Resorts from $379.00 to $383.00 and gave the company an “outperform” rating in a research note on Friday. Finally, StockNews.com initiated coverage on shares of Vail Resorts in a research note on Thursday, March 31st. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $316.00.

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.

Read More

Dividend History for Vail Resorts (NYSE:MTN)

Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.