Vail Resorts (NYSE:MTN) Posts Earnings Results, Beats Estimates By $0.03 EPS

Vail Resorts (NYSE:MTN) issued its quarterly earnings data on Wednesday. The company reported ($5.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.23) by $0.03, FiscalAI reports. The firm had revenue of $271.03 million for the quarter, compared to the consensus estimate of $273.35 million. Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%.

Vail Resorts Stock Performance

MTN traded down $3.46 on Wednesday, reaching $142.00. The stock had a trading volume of 989,128 shares, compared to its average volume of 688,605. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. Vail Resorts has a 12-month low of $129.85 and a 12-month high of $196.64. The business’s 50-day moving average price is $146.94 and its two-hundred day moving average price is $152.55. The company has a market cap of $5.10 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.43 and a beta of 0.81.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Thursday, October 9th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.3%. The ex-dividend date was Thursday, October 9th. Vail Resorts’s dividend payout ratio (DPR) is currently 119.84%.

Insider Activity

In related news, CFO Angela A. Korch purchased 210 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were purchased at an average price of $155.00 per share, with a total value of $32,550.00. Following the purchase, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. The trade was a 4.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vail Resorts

Several institutional investors and hedge funds have recently bought and sold shares of MTN. BOKF NA raised its holdings in shares of Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Danske Bank A S purchased a new stake in Vail Resorts during the 3rd quarter worth about $30,000. Employees Retirement System of Texas acquired a new position in shares of Vail Resorts during the 3rd quarter worth about $46,000. Finally, State of Wyoming purchased a new position in shares of Vail Resorts in the 2nd quarter valued at about $64,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Vail Resorts from $159.00 to $162.00 and gave the stock a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on shares of Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Mizuho dropped their price objective on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Barclays reduced their target price on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research note on Tuesday, September 30th. Finally, Bank of America reduced their price objective on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $175.30.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.