Vail Resorts (NYSE:MTN) Posts Quarterly Earnings Results, Misses Estimates By $0.39 EPS

Vail Resorts (NYSE:MTN) announced its quarterly earnings data on Thursday. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39), Briefing.com reports. The business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted ($3.35) EPS.

Vail Resorts Stock Performance

NYSE MTN traded down $7.34 on Friday, reaching $180.61. The stock had a trading volume of 1,538,764 shares, compared to its average volume of 527,957. The business’s 50-day moving average price is $179.54 and its 200 day moving average price is $191.96. The stock has a market cap of $6.79 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14. Vail Resorts has a 12-month low of $165.14 and a 12-month high of $242.47. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s payout ratio is currently 120.82%.

Analyst Ratings Changes

Several equities analysts have commented on MTN shares. Morgan Stanley boosted their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Barclays cut their price target on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a report on Friday. StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday. Mizuho cut their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $211.75.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 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.