Vail Resorts (NYSE:MTN) Posts Earnings Results

Vail Resorts (NYSE:MTN) released its quarterly earnings results on Monday. The company reported ($4.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38, Briefing.com reports. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same period last year, the firm earned ($4.60) earnings per share. The firm’s revenue was up .7% on a year-over-year basis.

Vail Resorts Price Performance

MTN opened at $195.44 on Wednesday. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.97 and a beta of 1.14. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The firm has a 50-day moving average price of $176.27 and a 200-day moving average price of $178.67. Vail Resorts has a twelve month low of $165.00 and a twelve month high of $236.92.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a $2.22 dividend. The ex-dividend date is Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 4.54%. Vail Resorts’s payout ratio is 147.26%.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 165 shares of Vail Resorts stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MTN shares. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. Stifel Nicolaus raised their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday. Macquarie reissued a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a research report on Wednesday, October 2nd. Truist Financial dropped their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Barclays raised their price target on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $204.00.

Vail Resorts Company Profile

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.