Vail Resorts (NYSE:MTN) Posts Earnings Results, Beats Estimates By $0.01 EPS

Vail Resorts (NYSE:MTN) issued its earnings results on Monday. The company reported ($5.34) earnings per share for the quarter, topping the consensus estimate of ($5.35) by $0.01, FiscalAI reports. The business had revenue of $278.07 million for the quarter, compared to analyst estimates of $269.30 million. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.

Vail Resorts Stock Performance

Shares of MTN stock traded up $1.91 during trading hours on Monday, hitting $138.02. The stock had a trading volume of 1,517,757 shares, compared to its average volume of 813,932. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The firm has a market capitalization of $4.92 billion, a PE ratio of 31.37, a PEG ratio of 9.44 and a beta of 0.69. The stock’s 50 day moving average is $144.07 and its 200 day moving average is $136.90. Vail Resorts has a twelve month low of $118.51 and a twelve month high of $163.34.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MTN shares. Stifel Nicolaus lowered their price target on Vail Resorts from $167.00 to $161.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. UBS Group restated a “neutral” rating on shares of Vail Resorts in a report on Friday, September 18th. Mizuho dropped their target price on shares of Vail Resorts from $174.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Barclays cut their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $147.46.

About Vail Resorts

Vail Resorts, Inc is a mountain resort company that operates a portfolio of ski and summer resorts, primarily in the United States, Canada and Australia. Its properties offer skiing, snowboarding and other outdoor recreational activities, along with lodging, dining, retail, equipment rentals, lessons and related guest services.

The company’s resort portfolio includes well-known destinations such as Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Whistler Blackcomb in British Columbia; and Perisher in New South Wales, Australia.