Peak Resorts (SKIS) Getting Somewhat Negative Media Coverage, Accern Reports
Media stories about Peak Resorts (NASDAQ:SKIS) have trended somewhat negative on Tuesday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Peak Resorts earned a coverage optimism score of -0.10 on Accern’s scale. Accern also gave media headlines about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
A number of analysts recently issued reports on SKIS shares. FBR & Co reiterated a “buy” rating on shares of Peak Resorts in a report on Tuesday, April 11th. Zacks Investment Research upgraded Peak Resorts from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 24th. ValuEngine lowered Peak Resorts from a “hold” rating to a “sell” rating in a report on Saturday, May 27th. Stifel Nicolaus lowered their price target on Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, June 23rd. Finally, Macquarie lowered Peak Resorts from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $5.00 in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Peak Resorts has an average rating of “Hold” and an average price target of $6.29.
Peak Resorts (NASDAQ:SKIS) remained flat at $4.80 during mid-day trading on Tuesday. The company’s stock had a trading volume of 37,273 shares. The company has a market capitalization of $67.11 million, a price-to-earnings ratio of 160.00 and a beta of 1.04. Peak Resorts has a 1-year low of $3.90 and a 1-year high of $6.20. The firm has a 50 day moving average of $4.68 and a 200-day moving average of $5.28.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Thursday, July 13th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.09. Peak Resorts had a net margin of 0.36% and a return on equity of 0.68%. The business had revenue of $51.30 million during the quarter, compared to analysts’ expectations of $51.78 million. During the same period in the prior year, the business earned ($0.50) EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts expect that Peak Resorts will post $0.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, July 27th will be given a $0.07 dividend. The ex-dividend date is Tuesday, July 25th. This represents a $0.28 annualized dividend and a yield of 5.83%. Peak Resorts’s dividend payout ratio is presently -200.00%.
In other Peak Resorts news, major shareholder Cap 1 Llc purchased 152,400 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was bought at an average price of $4.82 per share, with a total value of $734,568.00. Following the transaction, the insider now directly owns 1,416,013 shares of the company’s stock, valued at approximately $6,825,182.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 803,758 shares of company stock valued at $4,165,584 in the last three months. 16.35% of the stock is currently owned by corporate insiders.
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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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