Vail Resorts, Inc. (NYSE:MTN – Get Rating) announced a quarterly dividend on Wednesday, September 28th, Wall Street Journal reports. Stockholders of record on Wednesday, October 5th will be given a dividend of 1.91 per share on Monday, October 24th. This represents a $7.64 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Tuesday, October 4th.
Vail Resorts has decreased its dividend payment by an average of 33.1% per year over the last three years and has raised its dividend every year for the last 1 years. Vail Resorts has a dividend payout ratio of 86.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities research analysts expect Vail Resorts to earn $9.88 per share next year, which means the company should continue to be able to cover its $7.64 annual dividend with an expected future payout ratio of 77.3%.
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Vail Resorts Price Performance
Vail Resorts stock opened at $215.64 on Monday. The company's 50 day simple moving average is $229.60 and its 200-day simple moving average is $238.02. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 5.02 and a beta of 1.16. Vail Resorts has a 1 year low of $201.91 and a 1 year high of $376.24. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.51 and a current ratio of 1.61.
Vail Resorts (NYSE:MTN – Get Rating) last announced its earnings results on Wednesday, September 28th. The company reported ($2.70) earnings per share for the quarter, topping the consensus estimate of ($3.01) by $0.31. Vail Resorts had a net
margin of 13.77% and a return on equity of 18.88%. The firm had revenue of $267.14 million for the quarter, compared to the consensus estimate of $262.00 million. During the same period in the prior year, the firm earned ($3.49) EPS. The firm's revenue for the quarter was up 30.8% on a year-over-year basis. As a group, equities research analysts expect that Vail Resorts will post 9.2 earnings per share for the current year.
Analyst Ratings Changes
MTN has been the topic of several recent research reports. Stifel Nicolaus cut their target price on shares of Vail Resorts from $273.00 to $228.00 and set a "hold" rating on the stock in a research note on Monday, September 26th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $286.00 to $283.00 in a report on Thursday. KeyCorp set a $300.00 price target on shares of Vail Resorts in a report on Tuesday, July 19th. Truist Financial lowered their price target on shares of Vail Resorts from $281.00 to $270.00 in a report on Thursday. Finally, Credit Suisse Group lowered their price target on shares of Vail Resorts from $383.00 to $380.00 and set an "outperform" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $285.57.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Prudential PLC acquired a new position in shares of Vail Resorts in the 1st quarter valued at $400,000. Meiji Yasuda Life Insurance Co boosted its holdings in shares of Vail Resorts by 89.9% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 1,534 shares of the company's stock valued at $399,000 after buying an additional 726 shares in the last quarter. Pearl River Capital LLC acquired a new position in shares of Vail Resorts in the 1st quarter valued at $394,000. Atria Wealth Solutions Inc. acquired a new position in shares of Vail Resorts in the 1st quarter valued at $368,000. Finally, Worth Venture Partners LLC boosted its holdings in shares of Vail Resorts by 56.4% in the 1st quarter. Worth Venture Partners LLC now owns 1,345 shares of the company's stock valued at $350,000 after buying an additional 485 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.
Vail Resorts Company Profile
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Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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.
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