Vail Resorts, Inc. (NYSE:MTN – Get Rating) – Research analysts at Jefferies Financial Group raised their Q1 2023 EPS estimates for Vail Resorts in a report released on Thursday, September 29th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings per share of ($3.06) for the quarter, up from their previous forecast of ($3.25). The consensus estimate for Vail Resorts' current full-year earnings is $9.20 per share. Jefferies Financial Group also issued estimates for Vail Resorts' Q4 2023 earnings at ($3.22) EPS, Q1 2024 earnings at ($2.87) EPS, Q2 2024 earnings at $7.14 EPS, Q3 2024 earnings at $9.64 EPS, Q4 2024 earnings at ($3.62) EPS and FY2024 earnings at $10.28 EPS.
Get Vail Resorts alerts:A number of other analysts have also recently weighed in on MTN. Truist Financial cut their price objective on shares of Vail Resorts from $281.00 to $270.00 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 report on Monday, September 26th. Credit Suisse Group dropped their price objective on Vail Resorts from $383.00 to $380.00 and set an "outperform" rating on the stock in a report on Thursday. KeyCorp set a $300.00 target price on Vail Resorts in a report on Tuesday, July 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $286.00 to $283.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $285.57.
Vail Resorts Price Performance
MTN stock opened at $215.64 on Monday. The business has a 50 day moving average price of $229.60 and a 200 day moving average price of $238.02. 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 stock has a market cap of $8.68 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 0.60 and a beta of 1.20. Vail Resorts has a fifty-two week low of $201.91 and a fifty-two week high of $376.24.Vail Resorts (NYSE:MTN – Get Rating) last posted its quarterly earnings results on Wednesday, September 28th. The company reported ($2.70) earnings per share for the quarter, beating analysts' consensus estimates of ($3.01) by $0.31. The company had revenue of $267.14 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned ($3.49) earnings per share.
Vail Resorts Announces Dividend
The business also recently disclosed 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. The ex-dividend date is Tuesday, October 4th. This represents a $7.64 dividend on an annualized basis and a yield of 3.54%. Vail Resorts's payout ratio is 89.99%.
Institutional Investors Weigh In On Vail Resorts
Several hedge funds have recently modified their holdings of MTN. Principal Financial Group Inc. lifted its position in Vail Resorts by 3.0% in the first quarter. Principal Financial Group Inc. now owns 1,780,720 shares of the company's stock valued at $463,467,000 after purchasing an additional 51,505 shares during the period. Camden Capital LLC purchased a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $958,000. Macquarie Group Ltd. grew its holdings in Vail Resorts by 38.1% during the second quarter. Macquarie Group Ltd. now owns 656,205 shares of the company's stock worth $143,086,000 after acquiring an additional 181,198 shares during the period. Millennium Management LLC raised its position in Vail Resorts by 157.0% in the second quarter. Millennium Management LLC now owns 532,815 shares of the company's stock worth $116,180,000 after acquiring an additional 325,503 shares in the last quarter. Finally, Select Equity Group L.P. acquired a new stake in Vail Resorts in the first quarter valued at $117,740,000. 93.13% of the stock is owned by institutional investors and hedge funds.
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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