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

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

Vail Resorts Price Performance

Shares of NYSE MTN traded down $7.34 during trading 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 company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $242.47. The stock has a fifty day simple moving average of $179.54 and a two-hundred day simple moving average of $191.96. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders 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 dividend yield of 4.92%. Vail Resorts’s dividend payout ratio (DPR) is 120.82%.

Analyst Ratings Changes

MTN has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price 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. Stifel Nicolaus lowered 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. Morgan Stanley raised their price objective on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Mizuho dropped their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Barclays reduced their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus target price 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.