KeyCorp Comments on Vail Resorts Inc.’s Q1 2017 Earnings (MTN)
Vail Resorts Inc. (NYSE:MTN) – Stock analysts at KeyCorp issued their Q1 2017 earnings per share estimates for Vail Resorts in a report released on Monday. KeyCorp analyst S. Hamann forecasts that the brokerage will post earnings of ($1.63) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $175.00 target price on the stock. KeyCorp also issued estimates for Vail Resorts’ Q2 2017 earnings at $3.58 EPS, Q3 2017 earnings at $4.78 EPS, Q4 2017 earnings at ($1.67) EPS, FY2017 earnings at $5.06 EPS and FY2018 earnings at $5.50 EPS.
Other analysts also recently issued research reports about the company. Bank of America Corp. reaffirmed a “buy” rating on shares of Vail Resorts in a research note on Friday, June 10th. MKM Partners lifted their price objective on Vail Resorts from $147.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $153.00 price objective (up previously from $150.00) on shares of Vail Resorts in a research note on Friday, June 10th. Barclays PLC reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Vail Resorts in a research note on Tuesday. Finally, Credit Suisse Group AG set a $153.00 price objective on Vail Resorts and gave the stock a “buy” rating in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $153.76.
Shares of Vail Resorts (NYSE:MTN) opened at 156.77 on Wednesday. Vail Resorts has a 52 week low of $102.65 and a 52 week high of $162.95. The firm’s 50-day moving average is $159.01 and its 200-day moving average is $140.79. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 40.45 and a beta of 0.70.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.67) by $0.13. The business had revenue of $179.88 million for the quarter. Vail Resorts had a net margin of 9.35% and a return on equity of 17.22%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.92) EPS.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, October 5th. Vail Resorts’s dividend payout ratio is 82.23%.
Several large investors have recently modified their holdings of MTN. Alliancebernstein L.P. boosted its stake in shares of Vail Resorts by 1,166.7% in the second quarter. Alliancebernstein L.P. now owns 779,530 shares of the company’s stock valued at $107,754,000 after buying an additional 717,990 shares in the last quarter. Norges Bank purchased a new stake in shares of Vail Resorts during the fourth quarter valued at $48,741,000. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Vail Resorts by 21.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,124,215 shares of the company’s stock valued at $150,308,000 after buying an additional 197,652 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Vail Resorts by 120.9% in the second quarter. William Blair Investment Management LLC now owns 334,040 shares of the company’s stock valued at $46,174,000 after buying an additional 182,851 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Vail Resorts by 5,702.7% in the first quarter. Royal Bank of Canada now owns 145,010 shares of the company’s stock valued at $19,388,000 after buying an additional 142,511 shares in the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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