Peak Resorts Inc (NASDAQ:SKIS) Announces $0.07 Quarterly Dividend

Peak Resorts Inc (NASDAQ:SKIS) declared a quarterly dividend on Tuesday, July 2nd, Zacks reports. Shareholders of record on Thursday, July 25th will be paid a dividend of 0.07 per share on Friday, August 9th. This represents a $0.28 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, July 24th.

Peak Resorts has decreased its dividend payment by an average of 12.1% annually over the last three years. Peak Resorts has a dividend payout ratio of 400.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Peak Resorts to earn ($0.06) per share next year, which means the company may not be able to cover its $0.28 annual dividend with an expected future payout ratio of -466.7%.

Shares of SKIS stock opened at $10.85 on Tuesday. Peak Resorts has a 52-week low of $3.75 and a 52-week high of $10.89. The company has a market capitalization of $77.35 million, a PE ratio of 24.11 and a beta of 0.88. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 2.63. The firm has a 50 day simple moving average of $4.53.

Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Thursday, June 27th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.28. Peak Resorts had a net margin of 4.83% and a return on equity of 14.31%. The firm had revenue of $85.46 million for the quarter, compared to analysts’ expectations of $76.27 million. As a group, analysts forecast that Peak Resorts will post -0.11 EPS for the current year.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Janney Montgomery Scott cut shares of Peak Resorts from a “buy” rating to a “neutral” rating in a research note on Tuesday. ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Stifel Nicolaus cut shares of DSV A/S from a “buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $7.08.

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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Dividend History for Peak Resorts (NASDAQ:SKIS)

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