Vail Resorts, Inc. (NYSE:MTN – Get Rating) – Analysts at William Blair issued their Q1 2023 EPS estimates for Vail Resorts in a research report issued on Thursday, September 29th. William Blair analyst R. Sundby forecasts that the company will earn ($3.30) per share for the quarter. The consensus estimate for Vail Resorts' current full-year earnings is $9.09 per share. William Blair also issued estimates for Vail Resorts' Q2 2023 earnings at $5.75 EPS, Q3 2023 earnings at $9.00 EPS and Q4 2023 earnings at ($3.15) EPS.
Get Vail Resorts alerts:Vail Resorts (NYSE:MTN – Get Rating) last released its quarterly earnings data on Wednesday, September 28th. The company reported ($2.70) EPS for the quarter, beating the consensus estimate of ($3.01) by $0.31. The business had revenue of $267.14 million for the quarter, compared to the consensus estimate of $262.00 million. Vail Resorts had a net margin of 13.77% and a return on equity of 18.89%. The company's revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.49) earnings per share.
Several other equities research analysts also recently commented on MTN. Stifel Nicolaus dropped their price objective on shares of Vail Resorts from $273.00 to $228.00 and set a "hold" rating on the stock in a report on Monday, September 26th. KeyCorp set a $300.00 price target on shares of Vail Resorts in a report on Tuesday, July 19th. Credit Suisse Group lowered their price target on shares of Vail Resorts from $383.00 to $380.00 and set an "outperform" rating on the stock in a report on Thursday. Truist Financial lowered their price target on shares of Vail Resorts from $281.00 to $270.00 in a report on Thursday. Finally, Barclays increased their price target on shares of Vail Resorts from $217.00 to $224.00 and gave the stock an "underweight" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of "Hold" and a consensus price target of $285.57.Vail Resorts Price Performance
NYSE MTN opened at $215.64 on Friday. The company has a market cap of $8.68 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 0.59 and a beta of 1.20. Vail Resorts has a 52 week low of $201.91 and a 52 week high of $376.24. 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 firm's 50-day simple moving average is $229.60 and its two-hundred day simple moving average is $238.44.
Institutional Investors Weigh In On Vail Resorts
A number of institutional investors and hedge funds have recently bought and sold shares of MTN. Trustcore Financial Services LLC purchased a new stake in Vail Resorts in the first quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in Vail Resorts during the first quarter valued at approximately $30,000. Elequin Capital LP bought a new position in Vail Resorts during the first quarter valued at approximately $41,000. CWM LLC grew its position in Vail Resorts by 59.0% during the first quarter. CWM LLC now owns 167 shares of the company's stock valued at $43,000 after acquiring an additional 62 shares during the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in Vail Resorts during the second quarter valued at approximately $51,000. 93.13% of the stock is owned by hedge funds and other institutional investors.
Vail Resorts Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, October 24th. Investors of record on Wednesday, October 5th will be paid a $1.91 dividend. This represents a $7.64 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Tuesday, October 4th. Vail Resorts's dividend payout ratio is currently 89.99%.
About Vail Resorts
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on Vail Resorts (MTN)
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
- This Is A Memorable Time To Buy Into Micron Technology
- How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
- Thor Industries Hammers Out A Bottom
Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.