Vail Resorts, Inc. (NYSE:MTN) Plans $2.22 Quarterly Dividend

Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Thursday, March 5th. Investors of record on Thursday, March 26th will be given a dividend of 2.22 per share on Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, March 26th.

Vail Resorts has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. Vail Resorts has a payout ratio of 109.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vail Resorts to earn $8.25 per share next year, which means the company may not be able to cover its $8.88 annual dividend with an expected future payout ratio of 107.6%.

Vail Resorts Stock Performance

Shares of MTN opened at $130.39 on Tuesday. The firm has a market cap of $4.65 billion, a P/E ratio of 21.27, a PEG ratio of 9.04 and a beta of 0.78. Vail Resorts has a twelve month low of $126.15 and a twelve month high of $175.51. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.51 and a current ratio of 0.62. The firm’s 50 day moving average price is $137.42 and its two-hundred day moving average price is $143.16.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.06 by ($0.19). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $6.56 EPS. On average, analysts forecast that Vail Resorts will post 7.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MTN shares. BNP Paribas Exane reiterated an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Weiss Ratings cut shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 10th. Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Mizuho reduced their target price on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, March 10th. Finally, UBS Group reiterated a “neutral” rating and issued a $169.00 price target on shares of Vail Resorts in a research note on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $165.00.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.