Vail Resorts, Inc. (MTN) Expected to Post Quarterly Sales of $741.28 Million

Equities analysts expect that Vail Resorts, Inc. (NYSE:MTN) will announce $741.28 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Vail Resorts’ earnings. The highest sales estimate is $779.10 million and the lowest is $706.90 million. Vail Resorts reported sales of $725.20 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The company is expected to announce its next quarterly earnings results on Friday, March 9th.

On average, analysts expect that Vail Resorts will report full-year sales of $741.28 million for the current financial year, with estimates ranging from $1.99 billion to $2.09 billion. For the next year, analysts anticipate that the business will post sales of $2.17 billion per share, with estimates ranging from $2.12 billion to $2.23 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Vail Resorts.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.90) by ($0.10). The business had revenue of $220.90 million for the quarter, compared to analyst estimates of $198.95 million. Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The business’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.70) earnings per share.

Several brokerages recently commented on MTN. MKM Partners dropped their target price on Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday. Deutsche Bank began coverage on Vail Resorts in a report on Wednesday, December 13th. They set a “buy” rating and a $265.00 target price on the stock. Janney Montgomery Scott reissued a “buy” rating and set a $260.00 target price (up previously from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Stifel Nicolaus reissued a “buy” rating and set a $232.00 target price (up previously from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. Finally, Bank of America boosted their target price on Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $250.67.

Shares of Vail Resorts (NYSE:MTN) traded down $0.29 during midday trading on Friday, hitting $224.81. The stock had a trading volume of 617,400 shares, compared to its average volume of 867,783. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.41 and a current ratio of 0.56. The firm has a market capitalization of $9,270.00, a P/E ratio of 38.10 and a beta of 0.45. Vail Resorts has a fifty-two week low of $162.00 and a fifty-two week high of $237.77.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th were issued a $1.053 dividend. The ex-dividend date was Tuesday, December 26th. This represents a $4.21 annualized dividend and a dividend yield of 1.87%. Vail Resorts’s dividend payout ratio is currently 71.36%.

In related news, Director Michele Romanow purchased 225 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average price of $221.54 per share, with a total value of $49,846.50. Following the completion of the acquisition, the director now owns 1,663 shares of the company’s stock, valued at $368,421.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MTN. Commonwealth Bank of Australia increased its holdings in shares of Vail Resorts by 284.5% in the second quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock valued at $100,000 after buying an additional 367 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of Vail Resorts in the second quarter valued at $100,000. SG Americas Securities LLC bought a new position in shares of Vail Resorts in the second quarter valued at $117,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Vail Resorts by 579.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock valued at $121,000 after buying an additional 487 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Vail Resorts by 61.7% in the third quarter. IFP Advisors Inc now owns 802 shares of the company’s stock valued at $183,000 after buying an additional 306 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors.

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About Vail Resorts

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.

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