Q3 2023 EPS Estimates for Vail Resorts, Inc. (NYSE:MTN) Cut by Analyst

Vail Resorts, Inc. (NYSE:MTN – Get Rating) – Equities researchers at William Blair cut their Q3 2023 earnings estimates for shares of Vail Resorts in a research note issued to investors on Friday, March 10th. William Blair analyst R. Sundby now anticipates that the company will post earnings of $8.75 per share for the quarter, down from their previous estimate of $9.00. The consensus estimate for Vail Resorts’ current full-year earnings is $8.93 per share.

Several other equities research analysts have also commented on the stock. Bank of America decreased their price objective on shares of Vail Resorts from $275.00 to $250.00 in a research report on Friday. Truist Financial decreased their price objective on shares of Vail Resorts from $292.00 to $262.00 in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Vail Resorts from $246.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday, December 12th. Barclays reduced their target price on shares of Vail Resorts from $232.00 to $222.00 in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $289.00 to $269.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average target price of $267.00.

Vail Resorts Price Performance

Vail Resorts stock opened at $221.13 on Monday. Vail Resorts has a 52 week low of $201.91 and a 52 week high of $273.43. The company has a quick ratio of 1.10, a current ratio of 1.21 and a debt-to-equity ratio of 1.78. The firm’s 50-day simple moving average is $247.07 and its 200 day simple moving average is $236.96. The firm has a market capitalization of $8.92 billion, a PE ratio of 26.90, a P/E/G ratio of 4.91 and a beta of 1.19.

Vail Resorts (NYSE:MTN – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The company reported $5.16 EPS for the quarter, missing the consensus estimate of $6.19 by ($1.03). Vail Resorts had a return on equity of 18.42% and a net margin of 11.88%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $5.47 earnings per share. Vail Resorts’s quarterly revenue was up 21.5% on a year-over-year basis.

Vail Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Monday, March 27th will be paid a dividend of $2.06 per share. The ex-dividend date is Friday, March 24th. This represents a $8.24 dividend on an annualized basis and a dividend yield of 3.73%. This is an increase from Vail Resorts’s previous quarterly dividend of $1.91. Vail Resorts’s dividend payout ratio is currently 92.94%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MTN. First Horizon Advisors Inc. increased its stake in shares of Vail Resorts by 66.7% during the 4th quarter. First Horizon Advisors Inc. now owns 145 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Vail Resorts during the 2nd quarter valued at about $51,000. Natixis acquired a new position in shares of Vail Resorts during the 4th quarter valued at about $52,000. Spire Wealth Management increased its position in Vail Resorts by 110.1% during the 4th quarter. Spire Wealth Management now owns 229 shares of the company’s stock worth $55,000 after purchasing an additional 120 shares in the last quarter. Finally, Guardian Wealth Advisors LLC acquired a new stake in Vail Resorts during the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

About Vail Resorts

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Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.