Vail Resorts (NYSE:MTN) Issues Earnings Results, Beats Expectations By $0.38 EPS

Vail Resorts (NYSE:MTN) issued its quarterly earnings results on Monday. The company reported ($4.61) EPS for the quarter, topping the consensus estimate of ($4.99) by $0.38, Briefing.com reports. The company had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($4.60) EPS.

Vail Resorts Trading Down 0.0 %

Vail Resorts stock traded down $0.03 during mid-day trading on Monday, hitting $190.67. The company’s stock had a trading volume of 803,473 shares, compared to its average volume of 528,923. The stock’s fifty day moving average is $175.50 and its two-hundred day moving average is $178.64. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of $7.15 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. Vail Resorts has a 1 year low of $165.00 and a 1 year high of $236.92.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is presently 147.26%.

Analyst Ratings Changes

MTN has been the subject of several research analyst reports. Stifel Nicolaus reduced their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. UBS Group initiated coverage on Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target for the company. Barclays decreased their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a report on Friday, September 27th. Finally, 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 report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $206.10.

Insider Activity

In related news, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the transaction, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. The trade was a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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.