Peak Resorts (SKIS) Announces Earnings Results, Misses Expectations By $0.02 EPS

Peak Resorts (NASDAQ:SKIS) released its quarterly earnings results on Thursday. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.02), Bloomberg Earnings reports. Peak Resorts had a negative net margin of 0.20% and a negative return on equity of 0.38%. The company had revenue of $8.84 million during the quarter, compared to analysts’ expectations of $8.64 million. During the same period in the previous year, the company posted ($0.57) earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year.

Shares of Peak Resorts (SKIS) traded up $0.05 during trading on Thursday, hitting $5.15. The stock had a trading volume of 5,700 shares, compared to its average volume of 48,871. Peak Resorts has a 1 year low of $4.00 and a 1 year high of $6.20. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 2.77.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Thursday, October 26th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.44%. The ex-dividend date was Wednesday, October 25th. Peak Resorts’s dividend payout ratio is presently -127.27%.

SKIS has been the subject of several research analyst reports. Zacks Investment Research lowered Peak Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. FBR & Co reaffirmed a “buy” rating and set a $6.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Peak Resorts in a research report on Thursday, September 7th. Oppenheimer reaffirmed a “buy” rating and set a $7.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $6.00 target price on shares of Peak Resorts in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $6.17.

An institutional investor recently raised its position in Peak Resorts stock. Vanguard Group Inc. increased its position in Peak Resorts, Inc. (NASDAQ:SKIS) by 63.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 419,553 shares of the company’s stock after acquiring an additional 162,100 shares during the quarter. Vanguard Group Inc. owned about 3.00% of Peak Resorts worth $1,720,000 as of its most recent SEC filing. 44.92% of the stock is currently owned by institutional investors and hedge funds.

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Peak Resorts Company Profile

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.

Earnings History for Peak Resorts (NASDAQ:SKIS)

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