Peak Resorts (SKIS) Releases Earnings Results, Beats Estimates By $0.08 EPS

Peak Resorts (NASDAQ:SKIS) posted its earnings results on Wednesday. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08, Fidelity Earnings reports. Peak Resorts had a negative net margin of 3.02% and a negative return on equity of 4.26%.

NASDAQ:SKIS opened at $4.66 on Thursday. Peak Resorts has a 1 year low of $4.10 and a 1 year high of $5.55. The company has a debt-to-equity ratio of 3.74, a current ratio of 0.51 and a quick ratio of 0.45. The company has a market capitalization of $68.25 million, a PE ratio of 66.57 and a beta of 0.81.

In related news, insider Timothy D. Boyd purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, January 8th. The stock was acquired at an average price of $4.79 per share, with a total value of $47,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.89% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings 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 valued at $842,000 after purchasing an additional 40,501 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Peak Resorts by 2.2% in the third quarter. Vanguard Group Inc now owns 438,428 shares of the company’s stock valued at $2,148,000 after purchasing an additional 9,482 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Peak Resorts by 9.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 90,079 shares of the company’s stock valued at $422,000 after purchasing an additional 8,060 shares in the last quarter. Rutabaga Capital Management LLC MA increased its holdings in shares of Peak Resorts by 0.9% in 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 in the last quarter. Finally, Resources Investment Advisors Inc. acquired a new stake in shares of Peak Resorts in the fourth quarter valued at approximately $28,000. 42.62% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on the stock. Oppenheimer set a $7.00 target price on shares of Peak Resorts and gave the company a “buy” rating in a research note on Wednesday, December 12th. Zacks Investment Research upgraded shares of Peak Resorts from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Saturday, December 15th. Finally, ValuEngine cut shares of Peak Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th.

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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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