$76.27 Million in Sales Expected for Peak Resorts Inc (SKIS) This Quarter
Analysts predict that Peak Resorts Inc (NASDAQ:SKIS) will announce sales of $76.27 million for the current quarter, according to Zacks. Three analysts have made estimates for Peak Resorts’ earnings. The lowest sales estimate is $74.30 million and the highest is $78.40 million. Peak Resorts posted sales of $56.03 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 36.1%. The firm is expected to issue its next quarterly earnings results on Thursday, July 11th.
According to Zacks, analysts expect that Peak Resorts will report full-year sales of $175.23 million for the current financial year, with estimates ranging from $173.30 million to $177.30 million. For the next financial year, analysts anticipate that the company will post sales of $186.30 million, with estimates ranging from $184.40 million to $188.20 million. Zacks’ sales averages are an average based on a survey of research firms that cover Peak Resorts.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.08. Peak Resorts had a net margin of 0.33% and a return on equity of 1.60%. The business had revenue of $83.98 million for the quarter, compared to analysts’ expectations of $82.93 million.
SKIS stock traded down $0.10 during mid-day trading on Thursday, reaching $4.11. 12,500 shares of the stock traded hands, compared to its average volume of 18,305. The stock has a market capitalization of $63.87 million, a price-to-earnings ratio of 58.71 and a beta of 0.79. Peak Resorts has a one year low of $4.07 and a one year high of $5.55. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 3.28.
The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Thursday, April 25th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date of this dividend was Wednesday, April 24th. Peak Resorts’s dividend payout ratio is currently 400.00%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in shares of Peak Resorts by 30.8% in the 3rd quarter. Renaissance Technologies LLC now owns 171,799 shares of the company’s stock worth $842,000 after buying an additional 40,501 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Peak Resorts by 2.2% in the 3rd 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 during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Peak Resorts by 9.8% in the 4th quarter. Pinnacle Associates Ltd. now owns 90,079 shares of the company’s stock worth $422,000 after buying an additional 8,060 shares during the last quarter. Resources Investment Advisors Inc. bought a new position in shares of Peak Resorts in the 4th quarter worth $28,000. Finally, Stifel Financial Corp increased its holdings in shares of Peak Resorts by 11.6% in the 4th quarter. Stifel Financial Corp now owns 89,268 shares of the company’s stock worth $417,000 after buying an additional 9,250 shares during the last quarter. 42.28% of the stock is owned by hedge funds and other institutional investors.
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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