Vail Resorts (NYSE:MTN – Get Rating) issued its quarterly earnings results on Wednesday. The company reported ($2.70) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($3.01) by $0.31, Briefing.com reports. The company had revenue of $267.14 million during the quarter, compared to analysts' expectations of $262.00 million. Vail Resorts had a net margin of 13.77% and a return on equity of 18.89%. Vail Resorts's revenue was up 30.8% on a year-over-year basis. During the same period last year, the company posted ($3.49) EPS.
Vail Resorts Stock Performance
Shares of Vail Resorts stock traded up $1.96 during midday trading on Friday, hitting $215.51. The company had a trading volume of 32,771 shares, compared to its average volume of 406,050. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 0.59 and a beta of 1.20. The company has a quick ratio of 2.11, a current ratio of 2.22 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $229.90 and a 200 day simple moving average of $238.67. Vail Resorts has a 12-month low of $201.91 and a 12-month high of $376.24.
Get Vail Resorts alerts:Vail Resorts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 24th. Shareholders of record on Wednesday, October 5th will be given a dividend of $1.91 per share. This represents a $7.64 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Tuesday, October 4th. Vail Resorts's payout ratio is 89.99%.
Analysts Set New Price Targets
Several research analysts have issued reports on MTN shares. Barclays lifted their target price on shares of Vail Resorts from $217.00 to $224.00 and gave the stock an "underweight" rating in a report on Thursday. Stifel Nicolaus reduced their price target on shares of Vail Resorts from $273.00 to $228.00 and set a "hold" rating for the company in a research note on Monday. Credit Suisse Group reduced their price target on shares of Vail Resorts from $383.00 to $380.00 and set an "outperform" rating for the company in a research note on Thursday. KeyCorp set a $300.00 price target on shares of Vail Resorts in a research note on Tuesday, July 19th. Finally, Truist Financial cut their target price on shares of Vail Resorts from $281.00 to $270.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $285.57.Hedge Funds Weigh In On Vail Resorts
A number of institutional investors have recently bought and sold shares of MTN. Kinneret Advisory LLC grew its stake in shares of Vail Resorts by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 2,315 shares of the company's stock worth $607,000 after purchasing an additional 51 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Vail Resorts by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 876 shares of the company's stock worth $228,000 after purchasing an additional 63 shares during the period. Raymond James Trust N.A. grew its stake in shares of Vail Resorts by 5.9% during the 1st quarter. Raymond James Trust N.A. now owns 1,315 shares of the company's stock worth $343,000 after purchasing an additional 73 shares during the period. Private Advisor Group LLC grew its stake in shares of Vail Resorts by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 1,811 shares of the company's stock worth $471,000 after purchasing an additional 76 shares during the period. Finally, Yousif Capital Management LLC grew its stake in Vail Resorts by 10.1% in the 1st quarter. Yousif Capital Management LLC now owns 929 shares of the company's stock valued at $242,000 after acquiring an additional 85 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.
About Vail Resorts
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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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