Wall Street analysts predict that Vail Resorts, Inc. (NYSE:MTN – Get Rating) will announce sales of $1.15 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Vail Resorts’ earnings, with the lowest sales estimate coming in at $1.14 billion and the highest estimate coming in at $1.18 billion. Vail Resorts posted sales of $889.08 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.3%. The firm is scheduled to report its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Vail Resorts will report full year sales of $2.49 billion for the current fiscal year, with estimates ranging from $2.44 billion to $2.52 billion. For the next financial year, analysts expect that the firm will report sales of $2.82 billion, with estimates ranging from $2.70 billion to $2.89 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Vail Resorts.
Vail Resorts (NYSE:MTN – Get Rating) last issued its earnings results on Monday, March 14th. The company reported $5.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.70 by ($0.23). Vail Resorts had a return on equity of 11.91% and a net margin of 10.02%. The company had revenue of $906.54 million during the quarter, compared to analysts’ expectations of $954.87 million. During the same quarter in the prior year, the business posted $3.62 EPS. The company’s revenue for the quarter was up 32.4% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Vail Resorts by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,780,720 shares of the company’s stock worth $463,467,000 after buying an additional 51,505 shares during the period. Camden Capital LLC bought a new position in shares of Vail Resorts during the 4th quarter worth approximately $958,000. Geode Capital Management LLC lifted its position in shares of Vail Resorts by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 500,180 shares of the company’s stock worth $163,812,000 after buying an additional 20,096 shares during the period. Spyglass Capital Management LLC raised its position in Vail Resorts by 4.4% in the 3rd quarter. Spyglass Capital Management LLC now owns 475,977 shares of the company’s stock valued at $159,000,000 after purchasing an additional 20,133 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Vail Resorts by 5.0% in the 4th quarter. Alliancebernstein L.P. now owns 468,297 shares of the company’s stock valued at $153,555,000 after purchasing an additional 22,178 shares during the last quarter.
Shares of MTN stock opened at $252.94 on Thursday. Vail Resorts has a 12-month low of $221.38 and a 12-month high of $376.24. The firm’s 50 day moving average is $251.01 and its 200 day moving average is $281.85. The company has a current ratio of 1.53, a quick ratio of 1.44 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $10.26 billion, a P/E ratio of 48.09 and a beta of 1.19.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Wednesday, March 30th were issued a dividend of $1.91 per share. This represents a $7.64 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Tuesday, March 29th. This is a positive change from Vail Resorts’s previous quarterly dividend of $0.88. Vail Resorts’s dividend payout ratio (DPR) is presently 145.25%.
Vail Resorts Company Profile (Get Rating)
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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.
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