Vail Resorts, Inc. (NYSE:MTN – Get Rating) – Equities researchers at Jefferies Financial Group upped their Q2 2023 earnings per share (EPS) estimates for Vail Resorts in a note issued to investors on Thursday, September 29th. Jefferies Financial Group analyst D. Katz now forecasts that the company will post earnings of $6.61 per share for the quarter, up from their previous estimate of $6.44. The consensus estimate for Vail Resorts' current full-year earnings is $9.09 per share. Jefferies Financial Group also issued estimates for Vail Resorts' Q3 2023 earnings at $9.22 EPS, FY2023 earnings at $9.56 EPS and FY2025 earnings at $10.58 EPS.
Get Vail Resorts alerts:Vail Resorts (NYSE:MTN – Get Rating) last released its earnings results on Wednesday, September 28th. The company reported ($2.70) earnings per share for the quarter, beating the consensus estimate of ($3.01) by $0.31. The company had revenue of $267.14 million for the quarter, compared to the consensus estimate of $262.00 million. Vail Resorts had a return on equity of 18.89% and a net margin of 13.77%. Vail Resorts's quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.49) earnings per share.
Several other equities analysts also recently commented on MTN. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $286.00 to $283.00 in a research report on Thursday. KeyCorp set a $300.00 price objective on Vail Resorts in a research report on Tuesday, July 19th. Credit Suisse Group lowered their price objective on Vail Resorts from $383.00 to $380.00 and set an "outperform" rating on the stock in a research report on Thursday. Stifel Nicolaus lowered their price objective on Vail Resorts from $273.00 to $228.00 and set a "hold" rating on the stock in a research report on Monday, September 26th. Finally, Truist Financial lowered their price objective on 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 issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $285.57.Vail Resorts Price Performance
Shares of Vail Resorts stock opened at $215.64 on Friday. The stock's 50-day simple moving average is $229.60 and its 200-day simple moving average is $238.44. Vail Resorts has a 52 week low of $201.91 and a 52 week high of $376.24. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 25.40, 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.
Institutional Investors Weigh In On Vail Resorts
Several large investors have recently made changes to their positions in MTN. Parallel Advisors LLC increased its stake in Vail Resorts by 2.4% during the second quarter. Parallel Advisors LLC now owns 1,897 shares of the company's stock worth $414,000 after acquiring an additional 44 shares during the last quarter. Fox Run Management L.L.C. increased its stake in Vail Resorts by 3.5% during the second quarter. Fox Run Management L.L.C. now owns 1,421 shares of the company's stock worth $310,000 after acquiring an additional 48 shares during the last quarter. AdvisorNet Financial Inc increased its stake in Vail Resorts by 5.5% during the first quarter. AdvisorNet Financial Inc now owns 965 shares of the company's stock worth $251,000 after acquiring an additional 50 shares during the last quarter. Bailard Inc. increased its stake in Vail Resorts by 3.7% during the second quarter. Bailard Inc. now owns 1,393 shares of the company's stock worth $304,000 after acquiring an additional 50 shares during the last quarter. Finally, Kinneret Advisory LLC increased its stake in Vail Resorts by 2.2% during the second quarter. Kinneret Advisory LLC now owns 2,365 shares of the company's stock worth $520,000 after acquiring an additional 50 shares during the last quarter. 93.13% of the stock is owned by institutional investors.
Vail Resorts Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 24th. Stockholders of record on Wednesday, October 5th will be issued a $1.91 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $7.64 annualized dividend and a dividend yield of 3.54%. Vail Resorts's dividend payout ratio (DPR) is 89.99%.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Vail Resorts (MTN)
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