Vail Resorts, Inc. (NYSE:MTN – Get Rating) – William Blair cut their FY2023 earnings per share (EPS) estimates for Vail Resorts in a report issued on Thursday, September 29th. William Blair analyst R. Sundby now expects that the company will post earnings per share of $8.55 for the year, down from their prior estimate of $8.75. The consensus estimate for Vail Resorts' current full-year earnings is $9.20 per share. William Blair also issued estimates for Vail Resorts' FY2024 earnings at $9.30 EPS.
Get Vail Resorts alerts:Vail Resorts (NYSE:MTN – Get Rating) last announced its quarterly earnings data on Wednesday, September 28th. The company reported ($2.70) EPS for the quarter, topping analysts' consensus estimates of ($3.01) by $0.31. Vail Resorts had a return on equity of 18.89% and a net margin of 13.77%. The firm had revenue of $267.14 million for the quarter, compared to the consensus estimate of $262.00 million. During the same quarter last year, the business posted ($3.49) earnings per share. The firm's revenue was up 30.8% compared to the same quarter last year.
MTN has been the topic of a number of other research reports. Truist Financial reduced their target price on Vail Resorts from $281.00 to $270.00 in a research report on Thursday. KeyCorp set a $300.00 target price on Vail Resorts in a research report on Tuesday, July 19th. Barclays lifted their target price on Vail Resorts from $217.00 to $224.00 and gave the company an "underweight" rating in a research report on Thursday. Credit Suisse Group reduced their target price on Vail Resorts from $383.00 to $380.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus reduced their target price 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $285.57.Vail Resorts Price Performance
NYSE:MTN opened at $215.64 on Monday. 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 company has a market capitalization of $8.68 billion, a P/E ratio of 25.40, a P/E/G ratio of 0.60 and a beta of 1.20. The stock's fifty day moving average is $229.60 and its two-hundred day moving average is $238.02.
Vail Resorts Announces Dividend
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 dividend of $1.91 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $7.64 annualized dividend and a yield of 3.54%. Vail Resorts's payout ratio is 89.99%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC grew its stake in Vail Resorts by 2.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,897 shares of the company's stock worth $414,000 after purchasing an additional 44 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of Vail Resorts by 3.5% during the 2nd 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 in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Vail Resorts by 5.5% during the 1st quarter. AdvisorNet Financial Inc now owns 965 shares of the company's stock worth $251,000 after acquiring an additional 50 shares in the last quarter. Bailard Inc. boosted its position in shares of Vail Resorts by 3.7% during the 2nd quarter. Bailard Inc. now owns 1,393 shares of the company's stock worth $304,000 after acquiring an additional 50 shares in the last quarter. Finally, Kinneret Advisory LLC boosted its position in shares of Vail Resorts by 2.2% during the 2nd quarter. Kinneret Advisory LLC now owns 2,365 shares of the company's stock worth $520,000 after acquiring an additional 50 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.
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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