Vail Resorts (NYSE:MTN) Issues Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Vail Resorts (NYSE:MTN) released its quarterly earnings results on Monday. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27, Briefing.com reports. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.76 EPS.

Vail Resorts Stock Down 2.2 %

NYSE MTN traded down $3.45 during trading hours on Monday, hitting $154.06. The company’s stock had a trading volume of 1,111,092 shares, compared to its average volume of 552,679. Vail Resorts has a 52 week low of $149.14 and a 52 week high of $233.57. The company has a market capitalization of $5.77 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The company’s 50-day simple moving average is $169.61 and its two-hundred day simple moving average is $176.19.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Macquarie boosted their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Morgan Stanley reissued an “equal weight” rating on shares of Vail Resorts in a research report on Monday. Stifel Nicolaus lifted their price objective on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Mizuho raised their price target on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $199.44.

About Vail Resorts

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.