FY2024 EPS Estimates for Vail Resorts, Inc. Increased by Zacks Research (NYSE:MTN)

Vail Resorts, Inc. (NYSE:MTN) – Stock analysts at Zacks Research increased their FY2024 EPS estimates for Vail Resorts in a research note issued to investors on Monday, September 23rd. Zacks Research analyst H. Ray now anticipates that the company will post earnings of $6.48 per share for the year, up from their prior estimate of $6.46. The consensus estimate for Vail Resorts’ current full-year earnings is $6.44 per share. Zacks Research also issued estimates for Vail Resorts’ FY2025 earnings at $8.96 EPS and FY2026 earnings at $9.59 EPS.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $223.00 target price (down from $259.00) on shares of Vail Resorts in a research report on Thursday, September 19th. Mizuho decreased their price objective on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday, June 7th. JPMorgan Chase & Co. lowered Vail Resorts from a “neutral” rating to an “underweight” rating and cut their target price for the company from $217.00 to $176.00 in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Finally, Morgan Stanley increased their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $213.38.

Vail Resorts Stock Performance

NYSE MTN opened at $182.79 on Tuesday. The company’s fifty day moving average is $179.37 and its two-hundred day moving average is $192.29. Vail Resorts has a 52-week low of $165.14 and a 52-week high of $244.34. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 2.53 and a beta of 1.14.

Institutional Trading of Vail Resorts

Several hedge funds have recently modified their holdings of MTN. The Manufacturers Life Insurance Company increased its stake in shares of Vail Resorts by 673.1% in the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after buying an additional 553,337 shares in the last quarter. First Pacific Advisors LP acquired a new stake in Vail Resorts in the 2nd quarter valued at about $62,466,000. APG Asset Management US Inc. bought a new position in shares of Vail Resorts in the fourth quarter worth about $37,684,000. AQR Capital Management LLC lifted its position in shares of Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after purchasing an additional 161,820 shares in the last quarter. Finally, TPG GP A LLC grew its stake in shares of Vail Resorts by 17.4% during the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after purchasing an additional 133,607 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Vail Resorts

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.