Peak Resorts (NASDAQ:SKIS) Posts Earnings Results

Peak Resorts (NASDAQ:SKIS) announced its quarterly earnings results on Thursday. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.28, Morningstar.com reports. Peak Resorts had a net margin of 4.83% and a return on equity of 16.02%. The business had revenue of $85.46 million during the quarter, compared to analysts’ expectations of $76.27 million.

Shares of SKIS opened at $4.75 on Friday. Peak Resorts has a 1-year low of $3.75 and a 1-year high of $5.55. The company’s 50-day moving average is $4.10. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 3.28.

Several institutional investors and hedge funds have recently made changes to their positions in SKIS. Oppenheimer & Co. Inc. increased its position in shares of Peak Resorts by 25.8% during the first quarter. Oppenheimer & Co. Inc. now owns 103,229 shares of the company’s stock valued at $470,000 after acquiring an additional 21,196 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Peak Resorts by 13.9% in the first quarter. Pinnacle Associates Ltd. now owns 102,579 shares of the company’s stock valued at $467,000 after purchasing an additional 12,500 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Peak Resorts by 11.6% in the fourth quarter. Stifel Financial Corp now owns 89,268 shares of the company’s stock valued at $417,000 after purchasing an additional 9,250 shares in the last quarter. Finally, Resources Investment Advisors Inc. acquired a new position in shares of Peak Resorts in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

SKIS has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Stifel Nicolaus set a $9.00 price target on shares of Peak Resorts and gave the company a “buy” rating in a research report on Friday.

Peak Resorts Company Profile

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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