Peak Resorts Inc (NASDAQ:SKIS) – Research analysts at FBR & Co lowered their FY2017 earnings per share (EPS) estimates for shares of Peak Resorts in a note issued to investors on Wednesday, according to Zacks Investment Research. FBR & Co analyst B. Crockett now forecasts that the company will post earnings per share of $0.17 for the year, down from their prior forecast of $0.25. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for Peak Resorts’ Q4 2017 earnings at $0.60 EPS and FY2018 earnings at $0.10 EPS.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Thursday, March 9th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.12. Peak Resorts had a negative net margin of 5.16% and a negative return on equity of 8.05%. The firm had revenue of $56.40 million for the quarter, compared to analyst estimates of $54.55 million. During the same quarter last year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 45.7% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “Peak Resorts Inc to Post FY2017 Earnings of $0.17 Per Share, FBR & Co Forecasts (SKIS)” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.com-unik.info/2017/04/21/peak-resorts-inc-skis-to-post-fy2017-earnings-of-0-17-per-share-fbr-co-forecasts-2-updated-updated.html.
A number of other research firms have also recently commented on SKIS. Zacks Investment Research cut shares of Peak Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 5th. Janney Montgomery Scott restated a “positive” rating on shares of Peak Resorts in a research report on Monday, February 6th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $6.55.
Shares of Peak Resorts (NASDAQ:SKIS) traded up 0.88% during trading on Thursday, hitting $5.70. The stock had a trading volume of 43,414 shares. The stock’s 50 day moving average is $5.73 and its 200 day moving average is $5.33. Peak Resorts has a 52 week low of $3.02 and a 52 week high of $6.20. The stock’s market capitalization is $79.70 million.
A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Peak Resorts during the fourth quarter worth about $927,000. Renaissance Technologies LLC boosted its position in Peak Resorts by 19.0% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the company’s stock worth $460,000 after buying an additional 13,200 shares during the period. Pinnacle Associates Ltd. boosted its position in Peak Resorts by 15.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 78,219 shares of the company’s stock worth $434,000 after buying an additional 10,679 shares during the period. Finally, Spark Investment Management LLC purchased a new position in Peak Resorts during the third quarter worth about $163,000. Hedge funds and other institutional investors own 50.33% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Tuesday, April 18th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Thursday, April 13th.
About Peak Resorts
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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