Peak Resorts Inc (SKIS) Expected to Earn Q1 2018 Earnings of ($0.48) Per Share
Peak Resorts Inc (NASDAQ:SKIS) – Equities researchers at FBR & Co issued their Q1 2018 earnings estimates for Peak Resorts in a report released on Wednesday, according to Zacks Investment Research. FBR & Co analyst B. Crockett expects that the company will post earnings per share of ($0.48) for the quarter. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for Peak Resorts’ Q2 2018 earnings at ($0.44) EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.55 EPS, FY2019 earnings at $0.12 EPS and FY2020 earnings at $0.13 EPS.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings data on Thursday, March 9th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.12. Peak Resorts had a negative return on equity of 8.05% and a negative net margin of 5.16%. The business earned $56.40 million during the quarter, compared to analysts’ expectations of $54.55 million. During the same quarter last year, the business posted $0.26 EPS. The company’s quarterly revenue was up 45.7% on a year-over-year basis.
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A number of other research firms also recently weighed in on SKIS. Zacks Investment Research downgraded shares of Peak Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 5th. Janney Montgomery Scott restated a “positive” rating on shares of Peak Resorts in a report on Monday, February 6th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.55.
Shares of Peak Resorts (NASDAQ:SKIS) traded up 0.88% during midday trading on Friday, hitting $5.70. The company had a trading volume of 43,414 shares. The firm’s market capitalization is $79.70 million. Peak Resorts has a 1-year low of $3.02 and a 1-year high of $6.20. The stock has a 50 day moving average price of $5.73 and a 200 day moving average price of $5.33.
A number of institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Peak Resorts during the fourth quarter worth approximately $927,000. Spark Investment Management LLC bought a new position in shares of Peak Resorts during the third quarter worth approximately $163,000. Renaissance Technologies LLC increased its position in shares of Peak Resorts by 19.0% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the company’s stock worth $460,000 after buying an additional 13,200 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of Peak Resorts by 15.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 78,219 shares of the company’s stock worth $434,000 after buying an additional 10,679 shares in the last quarter. Institutional investors and hedge funds own 50.33% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Tuesday, April 18th will be paid a $0.07 dividend. The ex-dividend date is Thursday, April 13th. This represents a $0.28 dividend on an annualized basis and a yield of 4.91%.
About Peak Resorts
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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