Q4 2019 EPS Estimates for Peak Resorts Inc (SKIS) Increased by Analyst
Peak Resorts Inc (NASDAQ:SKIS) – Analysts at Oppenheimer lifted their Q4 2019 earnings estimates for shares of Peak Resorts in a research note issued to investors on Wednesday, March 13th. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings per share of $0.59 for the quarter, up from their previous estimate of $0.49. Oppenheimer has a “Buy” rating and a $7.00 price target on the stock.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.58 by $0.08. Peak Resorts had a negative net margin of 3.02% and a negative return on equity of 4.26%. The business had revenue of $83.98 million during the quarter, compared to the consensus estimate of $82.93 million.
Shares of SKIS opened at $4.70 on Friday. Peak Resorts has a one year low of $4.10 and a one year high of $5.55. The company has a market cap of $68.25 million, a price-to-earnings ratio of 67.14 and a beta of 0.81. The company has a debt-to-equity ratio of 3.74, a current ratio of 0.51 and a quick ratio of 0.45.
Several large investors have recently made changes to their positions in the company. Resources Investment Advisors Inc. acquired a new position in shares of Peak Resorts during the fourth quarter worth $28,000. Pinnacle Associates Ltd. increased its holdings in shares of Peak Resorts by 9.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 90,079 shares of the company’s stock worth $422,000 after buying an additional 8,060 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Peak Resorts by 11.6% during the fourth quarter. Stifel Financial Corp now owns 89,268 shares of the company’s stock worth $417,000 after buying an additional 9,250 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Peak Resorts by 2.2% during the third quarter. Vanguard Group Inc now owns 438,428 shares of the company’s stock worth $2,148,000 after buying an additional 9,482 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA increased its holdings in shares of Peak Resorts by 0.9% during the third quarter. Rutabaga Capital Management LLC MA now owns 1,293,203 shares of the company’s stock worth $6,337,000 after buying an additional 11,681 shares in the last quarter. Institutional investors own 42.62% of the company’s stock.
In other news, insider Timothy D. Boyd acquired 10,000 shares of the stock in a transaction on Tuesday, January 8th. The stock was acquired at an average cost of $4.79 per share, for a total transaction of $47,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 13.89% of the stock is owned by insiders.
Peak Resorts Company Profile
Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.
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