Peak Resorts, Inc. Announces Quarterly Dividend of $0.07 (SKIS)

Peak Resorts, Inc. (NASDAQ:SKIS) declared a quarterly dividend on Wednesday, January 10th, Wall Street Journal reports. Investors of record on Thursday, January 25th will be given a dividend of 0.07 per share on Friday, February 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Wednesday, January 24th.

Shares of Peak Resorts (SKIS) traded up $0.10 on Wednesday, reaching $5.35. The company’s stock had a trading volume of 40,700 shares, compared to its average volume of 26,040. Peak Resorts has a 12 month low of $4.00 and a 12 month high of $6.20. The stock has a market cap of $74.81, a price-to-earnings ratio of -16.72 and a beta of 1.11. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.79 and a quick ratio of 0.74.

Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.02). Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The business had revenue of $8.84 million during the quarter, compared to analysts’ expectations of $8.64 million. During the same period in the prior year, the firm posted ($0.57) EPS. Peak Resorts’s revenue for the quarter was up 4.0% compared to the same quarter last year. equities analysts predict that Peak Resorts will post 0.05 EPS for the current fiscal year.

A hedge fund recently raised its stake in Peak Resorts stock. Vanguard Group Inc. increased its stake in shares of Peak Resorts, Inc. (NASDAQ:SKIS) by 63.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,553 shares of the company’s stock after purchasing an additional 162,100 shares during the period. Vanguard Group Inc. owned 3.00% of Peak Resorts worth $1,720,000 as of its most recent SEC filing. Institutional investors and hedge funds own 44.92% of the company’s stock.

A number of equities research analysts have recently issued reports on SKIS shares. Robert W. Baird reiterated a “buy” rating and set a $6.00 price target on shares of Peak Resorts in a research report on Tuesday, September 19th. Zacks Investment Research downgraded shares of Peak Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. FBR & Co reiterated a “buy” rating on shares of Peak Resorts in a research report on Tuesday, October 24th. B. Riley reiterated a “buy” rating on shares of Peak Resorts in a research report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $6.22.

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About Peak Resorts

Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.

Dividend History for Peak Resorts (NASDAQ:SKIS)

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