Analysts predict that Vail Resorts, Inc. (NYSE:MTN) will report earnings per share of ($2.31) for the current quarter, Zacks reports. Five analysts have made estimates for Vail Resorts’ earnings. The highest EPS estimate is ($2.24) and the lowest is ($2.35). Vail Resorts posted earnings of ($1.43) per share in the same quarter last year, which would suggest a negative year over year growth rate of 61.5%. The business is expected to issue its next quarterly earnings results on Thursday, September 27th.

On average, analysts expect that Vail Resorts will report full year earnings of $9.01 per share for the current fiscal year, with EPS estimates ranging from $8.84 to $9.15. For the next fiscal year, analysts forecast that the firm will post earnings of $8.05 per share, with EPS estimates ranging from $7.80 to $8.39. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Vail Resorts.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 7th. The company reported $6.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.12 by $0.05. Vail Resorts had a return on equity of 15.91% and a net margin of 20.23%. The business had revenue of $844.50 million during the quarter, compared to analysts’ expectations of $823.83 million. During the same period in the prior year, the firm posted $4.40 EPS. Vail Resorts’s quarterly revenue was up 6.3% compared to the same quarter last year.

A number of brokerages have recently issued reports on MTN. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 target price for the company in a report on Friday, July 13th. Berenberg Bank began coverage on Vail Resorts in a report on Wednesday, June 20th. They set a “hold” rating and a $300.00 price target for the company. Barclays raised their price target on Vail Resorts from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $295.00 price target (up from $232.00) on shares of Vail Resorts in a report on Monday, June 11th. They noted that the move was a valuation call. Finally, KeyCorp raised their price target on Vail Resorts from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, June 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $287.56.

Shares of MTN opened at $294.72 on Tuesday. Vail Resorts has a 1 year low of $200.68 and a 1 year high of $299.56. The company has a quick ratio of 0.88, a current ratio of 1.04 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $12.03 billion, a PE ratio of 56.46 and a beta of 0.35.

In related news, insider Patricia A. Campbell sold 8,821 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $277.06, for a total transaction of $2,443,946.26. Following the completion of the sale, the insider now directly owns 19,431 shares of the company’s stock, valued at approximately $5,383,552.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert A. Katz sold 45,200 shares of the firm’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $272.61, for a total value of $12,321,972.00. Following the sale, the insider now directly owns 556,964 shares of the company’s stock, valued at $151,833,956.04. The disclosure for this sale can be found here. Insiders have sold a total of 58,189 shares of company stock valued at $15,912,143 over the last ninety days. Insiders own 3.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Cookson Peirce & Co. Inc. acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at $548,000. State of Wisconsin Investment Board increased its stake in shares of Vail Resorts by 10.5% in the 2nd quarter. State of Wisconsin Investment Board now owns 39,305 shares of the company’s stock valued at $10,777,000 after buying an additional 3,737 shares during the period. Dupont Capital Management Corp increased its stake in shares of Vail Resorts by 80.8% in the 2nd quarter. Dupont Capital Management Corp now owns 27,153 shares of the company’s stock valued at $7,445,000 after buying an additional 12,133 shares during the period. Hirtle Callaghan & Co LLC acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at $192,000. Finally, Rice Hall James & Associates LLC increased its stake in shares of Vail Resorts by 5.7% in the 2nd quarter. Rice Hall James & Associates LLC now owns 125,282 shares of the company’s stock valued at $34,351,000 after buying an additional 6,731 shares during the period. 96.25% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Earnings History and Estimates for Vail Resorts (NYSE:MTN)

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