Peak Resorts, Inc. (SKIS) Set to Announce Quarterly Earnings on Wednesday
Peak Resorts, Inc. (NASDAQ:SKIS) is set to announce its earnings results before the market opens on Wednesday, September 6th.
Peak Resorts (NASDAQ:SKIS) last posted its earnings results on Thursday, July 13th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.61 by $0.09. The business had revenue of $51.30 million for the quarter, compared to the consensus estimate of $51.78 million. Peak Resorts had a return on equity of 0.68% and a net margin of 0.36%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.50) earnings per share. On average, analysts expect Peak Resorts to post $0.14 EPS for the current fiscal year and $0.20 EPS for the next fiscal year.
Shares of Peak Resorts, Inc. (NASDAQ:SKIS) opened at 4.85 on Wednesday. The stock’s 50 day moving average is $4.93 and its 200 day moving average is $5.20. The company has a market capitalization of $67.81 million, a P/E ratio of 161.67 and a beta of 1.04. Peak Resorts, Inc. has a 52-week low of $3.90 and a 52-week high of $6.20.
The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Thursday, July 27th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend was Tuesday, July 25th. Peak Resorts’s payout ratio is -200.00%.
Several research firms have commented on SKIS. Zacks Investment Research raised shares of Peak Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Macquarie lowered shares of Peak Resorts from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $7.00 to $5.00 in a research report on Wednesday, July 19th. Stifel Nicolaus decreased their price target on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, June 23rd. Finally, ValuEngine lowered shares of Peak Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Peak Resorts currently has a consensus rating of “Hold” and an average price target of $6.29.
In related news, major shareholder Cap 1 Llc acquired 152,400 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were purchased at an average price of $4.82 per share, for a total transaction of $734,568.00. Following the completion of the acquisition, the insider now directly owns 1,416,013 shares in the company, valued at approximately $6,825,182.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 803,753 shares of company stock worth $4,165,497. Corporate insiders own 16.52% of the company’s stock.
A hedge fund recently raised its stake in Peak Resorts stock. Vanguard Group Inc. increased its stake in shares of Peak Resorts, Inc. (NASDAQ:SKIS) by 63.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,553 shares of the company’s stock after buying an additional 162,100 shares during the period. Vanguard Group Inc. owned approximately 3.00% of Peak Resorts worth $1,720,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 47.55% of the company’s stock.
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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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