Vail Resorts (NYSE:MTN) Announces Earnings Results

Vail Resorts (NYSE:MTN) announced its earnings results on Monday. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.80) by ($0.28), Zacks reports. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.

Vail Resorts Price Performance

NYSE MTN traded up $0.59 during mid-day trading on Monday, hitting $148.33. The stock had a trading volume of 1,356,754 shares, compared to its average volume of 670,511. The company has a 50 day simple moving average of $153.68 and a 200 day simple moving average of $152.68. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.94 and a beta of 0.87. Vail Resorts has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

Analysts Set New Price Targets

A number of research firms have weighed in on MTN. UBS Group decreased their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Truist Financial decreased their price target on Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 17th. Morgan Stanley restated a “cautious” rating on shares of Vail Resorts in a research report on Friday. Finally, Mizuho raised their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, June 6th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $184.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP increased its holdings in Vail Resorts by 328.9% during the 2nd quarter. Quantinno Capital Management LP now owns 68,358 shares of the company’s stock valued at $10,741,000 after acquiring an additional 52,421 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Vail Resorts by 40.1% during the 2nd quarter. Alliancebernstein L.P. now owns 80,629 shares of the company’s stock worth $12,669,000 after purchasing an additional 23,090 shares in the last quarter. Holocene Advisors LP raised its position in shares of Vail Resorts by 39.8% during the 2nd quarter. Holocene Advisors LP now owns 50,599 shares of the company’s stock worth $7,951,000 after purchasing an additional 14,406 shares during the last quarter. Marshall Wace LLP acquired a new stake in Vail Resorts during the 2nd quarter valued at $2,119,000. Finally, Corient Private Wealth LLC increased its position in Vail Resorts by 124.5% during the second quarter. Corient Private Wealth LLC now owns 13,850 shares of the company’s stock worth $2,191,000 after buying an additional 7,681 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

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.