Jefferies Financial Group Analysts Decrease Earnings Estimates for Vail Resorts, Inc. (NYSE:MTN)

Vail Resorts, Inc. (NYSE:MTN) – Stock analysts at Jefferies Financial Group cut their FY2021 earnings per share estimates for shares of Vail Resorts in a research report issued to clients and investors on Tuesday, June 8th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings of $3.53 per share for the year, down from their previous estimate of $3.56. Jefferies Financial Group also issued estimates for Vail Resorts’ Q4 2021 earnings at ($3.23) EPS, Q1 2022 earnings at ($3.43) EPS, Q2 2022 earnings at $5.13 EPS, Q3 2022 earnings at $8.23 EPS, Q4 2022 earnings at ($2.84) EPS, FY2022 earnings at $7.09 EPS and FY2023 earnings at $9.39 EPS.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Sunday, June 6th. The company reported $6.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.67 by $0.05. Vail Resorts had a net margin of 6.45% and a return on equity of 8.00%.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $373.00 price objective on the stock in a research report on Thursday, April 29th. Truist Securities raised their target price on shares of Vail Resorts from $292.00 to $308.00 in a research note on Monday, April 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Vail Resorts from $294.00 to $298.00 and gave the stock a “hold” rating in a research note on Tuesday. Credit Suisse Group lifted their price objective on shares of Vail Resorts from $359.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Bank of America lifted their price objective on shares of Vail Resorts from $365.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $314.42.

Shares of MTN stock opened at $319.25 on Thursday. The company has a market cap of $12.85 billion, a P/E ratio of -1,140.18 and a beta of 1.30. Vail Resorts has a one year low of $172.88 and a one year high of $338.50. The company’s fifty day moving average price is $318.11. The company has a quick ratio of 1.51, a current ratio of 1.60 and a debt-to-equity ratio of 1.64.

In related news, CFO Michael Z. Barkin sold 3,297 shares of Vail Resorts stock in a transaction dated Thursday, March 25th. The shares were sold at an average price of $279.32, for a total transaction of $920,918.04. Following the completion of the sale, the chief financial officer now owns 20,416 shares in the company, valued at approximately $5,702,597.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MTN. Truvestments Capital LLC bought a new stake in Vail Resorts during the 4th quarter valued at about $27,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Vail Resorts in the 1st quarter valued at about $28,000. Lumature Wealth Partners LLC bought a new stake in shares of Vail Resorts in the 1st quarter valued at about $29,000. CWM LLC raised its holdings in shares of Vail Resorts by 387.0% in the 1st quarter. CWM LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 89 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Vail Resorts in the 1st quarter valued at about $34,000. Institutional investors own 95.08% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. Its Mountain segment operates Vail Mountain, Breckenridge Ski, Keystone, Beaver Creek, and Crested Butte Mountain resorts in Colorado; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Mount Sunapee Resort in New Hampshire; Park City resort in Utah; Stowe and Okemo Mountain Resort in Vermont; and Stevens Pass Mountain Resort in Washington.

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Earnings History and Estimates for Vail Resorts (NYSE:MTN)

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