Vail Resorts (NYSE:MTN) Issues Quarterly Earnings Results, Misses Estimates By $0.39 EPS

Vail Resorts (NYSE:MTN) released its quarterly earnings results on Thursday. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39), Briefing.com reports. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. During the same period in the previous year, the business earned ($3.35) EPS. The business’s revenue was down 1.6% on a year-over-year basis.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $180.65 on Friday. The firm has a market cap of $6.80 billion, a P/E ratio of 24.58, a PEG ratio of 2.56 and a beta of 1.14. Vail Resorts has a twelve month low of $165.14 and a twelve month high of $242.47. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. The company has a 50 day moving average of $179.54 and a 200 day moving average of $191.96.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Wall Street Analyst Weigh In

MTN has been the topic of several research reports. JPMorgan Chase & Co. cut shares of Vail Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Mizuho cut their price objective on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Barclays cut their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday. Finally, StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $211.75.

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.