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 data on Thursday, March 9th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 business 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 earned $0.26 EPS. Peak Resorts’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 accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed 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-updated-updated.html.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Peak Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 5th. Janney Montgomery Scott reissued a “buy” rating and issued a $7.00 target price on shares of Peak Resorts in a report on Saturday, March 11th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $6.55.
Shares of Peak Resorts (NASDAQ:SKIS) traded up 0.88% during midday trading on Thursday, reaching $5.70. The company’s 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. The stock’s market capitalization is $79.70 million. Peak Resorts has a 12 month low of $3.02 and a 12 month high of $6.20.
A number of hedge funds and other institutional investors have recently bought and sold shares of SKIS. Russell Investments Group Ltd. purchased a new position in Peak Resorts during the fourth quarter valued at about $927,000. Spark Investment Management LLC purchased a new position in Peak Resorts during the third quarter valued at about $163,000. Renaissance Technologies LLC increased 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 valued at $460,000 after buying an additional 13,200 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased 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 valued at $434,000 after buying an additional 10,679 shares in the last quarter. 50.33% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed 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 annualized dividend 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Peak Resorts Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Peak Resorts Inc and related companies.