Peak Resorts (SKIS) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Peak Resorts (NASDAQ:SKIS) announced its quarterly earnings results on Wednesday. The company reported ($0.81) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.84) by $0.03, MarketWatch Earnings reports. Peak Resorts had a negative net margin of 1.41% and a negative return on equity of 0.63%.

Shares of SKIS opened at $5.14 on Thursday. The stock has a market capitalization of $68.51 million, a price-to-earnings ratio of 73.43 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.67 and a current ratio of 0.72. Peak Resorts has a fifty-two week low of $4.45 and a fifty-two week high of $5.78.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Thursday, November 15th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Wednesday, November 14th. Peak Resorts’s dividend payout ratio (DPR) is presently 400.00%.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Peak Resorts from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 29th. Stifel Nicolaus cut their price objective on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, September 12th. Oppenheimer set a $7.00 price objective on shares of Peak Resorts and gave the stock a “buy” rating in a report on Wednesday. Finally, ValuEngine upgraded shares of Peak Resorts from a “hold” rating to a “buy” rating in a report on Monday, September 17th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Peak Resorts by 30.8% in the third quarter. Renaissance Technologies LLC now owns 171,799 shares of the company’s stock worth $842,000 after buying an additional 40,501 shares in the last quarter. Rutabaga Capital Management LLC MA lifted its position in Peak Resorts by 0.9% during the third quarter. Rutabaga Capital Management LLC MA now owns 1,293,203 shares of the company’s stock valued at $6,337,000 after purchasing an additional 11,681 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in Peak Resorts during the third quarter valued at approximately $396,000. Hedge funds and other institutional investors own 47.25% of the company’s stock.

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About Peak Resorts

Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.

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Earnings History for Peak Resorts (NASDAQ:SKIS)

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