Vail Resorts (NYSE:MTN) Releases Earnings Results, Beats Expectations By $0.27 EPS

Vail Resorts (NYSE:MTN) released its quarterly earnings data on Monday. The company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $0.27, Briefing.com reports. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.76 EPS.

Vail Resorts Stock Performance

NYSE:MTN traded down $3.45 during trading hours on Monday, reaching $154.06. 1,105,260 shares of the company’s stock were exchanged, compared to its average volume of 552,673. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.93 and a beta of 1.12. Vail Resorts has a 1-year low of $149.14 and a 1-year high of $233.57. The company has a 50-day moving average of $169.61 and a 200 day moving average of $176.19.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MTN. Barclays reaffirmed an “underweight” rating on shares of Vail Resorts in a report on Monday. Truist Financial lowered their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Mizuho upped their target price on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and an average target price of $199.44.

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.