Somewhat Positive News Coverage Somewhat Unlikely to Affect Peak Resorts (SKIS) Share Price
Headlines about Peak Resorts (NASDAQ:SKIS) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Peak Resorts earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.8435630637306 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Brokerages Expect Peak Resorts, Inc. (SKIS) Will Announce Quarterly Sales of $8.67 Million (americanbankingnews.com)
- Peak Resorts, Inc. :SKIS-US: Earnings Analysis: Q1, 2018 By the Numbers : September 11, 2017 (finance.yahoo.com)
- FBR & Co Reiterates “Buy” Rating for Peak Resorts, Inc. (SKIS) (americanbankingnews.com)
- Quiros filing: Bid to collect $3M in legal fees ‘improper,’ ‘frivolous’ (vtdigger.org)
- Q3 2018 Earnings Forecast for Peak Resorts, Inc. (SKIS) Issued By Oppenheimer Holdings (americanbankingnews.com)
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Wednesday. Stifel Nicolaus dropped their target price on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, June 23rd. Macquarie cut shares of Peak Resorts from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $5.00 in a report on Wednesday, July 19th. FBR & Co reaffirmed a “buy” rating and issued a $6.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. Finally, ValuEngine cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Saturday, May 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Peak Resorts presently has a consensus rating of “Hold” and an average price target of $6.13.
Shares of Peak Resorts (NASDAQ SKIS) remained flat at $4.60 on Wednesday. The company had a trading volume of 14,731 shares. The stock’s 50 day moving average price is $4.90 and its 200-day moving average price is $5.11. The firm has a market cap of $64.32 million, a P/E ratio of 153.33 and a beta of 1.05. Peak Resorts has a one year low of $3.90 and a one year high of $6.20.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.07). The company had revenue of $7.50 million during the quarter, compared to analyst estimates of $7.22 million. Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.56) earnings per share. Equities research analysts expect that Peak Resorts will post $0.12 earnings per share for the current fiscal year.
In other Peak Resorts news, major shareholder Cap 1 Llc bought 17,180 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $5.58 per share, for a total transaction of $95,864.40. Following the acquisition, the insider now directly owns 1,742,705 shares of the company’s stock, valued at $9,724,293.90. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased a total of 803,753 shares of company stock worth $4,165,497 over the last quarter. Insiders own 16.52% 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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