Vail Resorts (NYSE:MTN) Announces Earnings Results, Misses Expectations By $0.39 EPS

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

Vail Resorts Stock Performance

Shares of NYSE:MTN traded down $7.34 on Friday, hitting $180.61. The company had a trading volume of 1,538,764 shares, compared to its average volume of 527,957. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.56 and a beta of 1.14. The stock has a 50 day moving average price of $179.54 and a 200 day moving average price of $191.96. Vail Resorts has a 1-year low of $165.14 and a 1-year high of $242.47. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be given a dividend of $2.22 per share. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 4.92%. Vail Resorts’s dividend payout ratio (DPR) is 120.82%.

Wall Street Analyst Weigh In

MTN has been the subject of several recent research reports. JPMorgan Chase & Co. cut shares of Vail Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their price target 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. Mizuho decreased their price objective on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Stifel Nicolaus reduced their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday. Finally, Morgan Stanley boosted their price target on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Three equities research 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’s stock. According to data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus price target of $211.75.

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.