Shares of Vail Resorts, Inc. (NYSE:MTN) have earned an average recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $289.88.
Several equities research analysts recently issued reports on the stock. Berenberg Bank assumed coverage on shares of Vail Resorts in a research note on Wednesday, June 20th. They issued a “hold” rating and a $300.00 price objective for the company. ValuEngine raised shares of Vail Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. KeyCorp boosted their target price on shares of Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 1st. Finally, Macquarie lowered shares of Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 target price for the company. in a research report on Wednesday, September 5th. They noted that the move was a valuation call.
In other news, Director Peter A. Vaughn sold 400 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $254.59, for a total transaction of $101,836.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kirsten A. Lynch sold 9,078 shares of the business’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total transaction of $2,388,058.68. Following the transaction, the executive vice president now owns 34,641 shares in the company, valued at approximately $9,112,661.46. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.
Shares of MTN stock traded up $6.24 on Monday, hitting $245.85. The company’s stock had a trading volume of 837,206 shares, compared to its average volume of 370,106. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. Vail Resorts has a fifty-two week low of $200.68 and a fifty-two week high of $302.76. The firm has a market cap of $11.07 billion, a PE ratio of 39.09 and a beta of 0.40.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Friday, September 28th. The company reported ($2.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.26) by $0.19. Vail Resorts had a net margin of 18.89% and a return on equity of 14.39%. The business had revenue of $211.60 million during the quarter, compared to analyst estimates of $211.60 million. During the same quarter in the previous year, the business earned ($1.43) EPS. Vail Resorts’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts forecast that Vail Resorts will post 8.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Tuesday, October 9th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, October 5th. Vail Resorts’s dividend payout ratio is 93.48%.
Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
Further Reading: Compound Annual Growth Rate (CAGR)
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