Vail Resorts, Inc. (NYSE:MTN) to Issue Quarterly Dividend of $2.22

Vail Resorts, Inc. (NYSE:MTN) declared a quarterly dividend on Thursday, June 6th, NASDAQ reports. Shareholders of record on Tuesday, June 25th will be given a dividend of 2.22 per share on Wednesday, July 10th. This represents a $8.88 annualized dividend and a yield of 4.95%. The ex-dividend date is Tuesday, June 25th.

Vail Resorts has raised its dividend by an average of 67.3% annually over the last three years. Vail Resorts has a payout ratio of 104.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vail Resorts to earn $8.69 per share next year, which means the company may not be able to cover its $8.88 annual dividend with an expected future payout ratio of 102.2%.

Vail Resorts Stock Down 0.2 %

MTN opened at $179.56 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. Vail Resorts has a 1-year low of $165.14 and a 1-year high of $254.78. The company has a market capitalization of $6.76 billion, a PE ratio of 24.43, a PEG ratio of 2.91 and a beta of 1.14. The firm’s 50 day simple moving average is $194.51 and its two-hundred day simple moving average is $213.03.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing the consensus estimate of $9.94 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. As a group, equities analysts forecast that Vail Resorts will post 6.62 EPS for the current year.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 575 shares of the business’s stock in a transaction on Monday, June 10th. The shares were acquired at an average price of $176.20 per share, with a total value of $101,315.00. Following the transaction, the chief financial officer now owns 1,171 shares of the company’s stock, valued at approximately $206,330.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Barclays lowered their target price on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $244.00 to $226.00 in a report on Thursday, June 6th. Stifel Nicolaus lowered their target price on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Mizuho reduced their price target 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and a consensus price target of $221.50.

About Vail Resorts

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.