$7.24 Million in Sales Expected for Peak Resorts, Inc. (SKIS) This Quarter
Analysts expect that Peak Resorts, Inc. (NASDAQ:SKIS) will report $7.24 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Peak Resorts’ earnings, with the highest sales estimate coming in at $7.32 million and the lowest estimate coming in at $7.10 million. Peak Resorts reported sales of $7.13 million in the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The company is scheduled to announce its next earnings report after the market closes on Thursday, September 14th.
On average, analysts expect that Peak Resorts will report full-year sales of $7.24 million for the current financial year, with estimates ranging from $126.12 million to $129.46 million. For the next year, analysts expect that the firm will post sales of $132.03 million per share, with estimates ranging from $128.40 million to $134.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Peak Resorts.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data 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 company had revenue of $51.30 million during the quarter, compared to analyst estimates of $51.78 million. During the same quarter last year, the business earned ($0.50) EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis.
SKIS has been the subject of a number of research reports. Zacks Investment Research upgraded Peak Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. ValuEngine lowered Peak Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Macquarie lowered Peak Resorts from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $5.00 in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus lowered their target price on Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, June 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Peak Resorts has a consensus rating of “Hold” and an average target price of $6.29.
In other news, major shareholder Cap 1 Llc acquired 17,180 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average cost of $5.58 per share, for a total transaction of $95,864.40. Following the completion of the transaction, the insider now directly owns 1,742,705 shares in the company, valued at $9,724,293.90. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders purchased 803,753 shares of company stock valued at $4,165,497. Corporate insiders own 16.35% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SKIS. Rutabaga Capital Management LLC MA raised its stake in shares of Peak Resorts by 51.1% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock worth $5,133,000 after buying an additional 423,609 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Peak Resorts by 63.0% in the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after buying an additional 162,100 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Peak Resorts by 29.5% in the second quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after buying an additional 22,960 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Peak Resorts by 23.9% in the second quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock worth $123,000 after buying an additional 5,808 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new stake in shares of Peak Resorts during the second quarter worth approximately $251,000. Hedge funds and other institutional investors own 43.62% of the company’s stock.
Shares of Peak Resorts (SKIS) traded up 4.26% during mid-day trading on Thursday, hitting $4.90. 10,569 shares of the company traded hands. The firm has a 50-day moving average price of $4.93 and a 200 day moving average price of $5.20. Peak Resorts has a 52-week low of $3.90 and a 52-week high of $6.20. The firm has a market cap of $68.51 million, a price-to-earnings ratio of 163.33 and a beta of 1.04.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Thursday, July 27th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, July 25th. This represents a $0.28 dividend on an annualized basis and a yield of 5.71%. Peak Resorts’s payout ratio is -200.00%.
Peak Resorts Company Profile
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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