Zacks: Analysts Anticipate Vail Resorts, Inc. (NYSE:MTN) Will Announce Quarterly Sales of $240.80 Million

Equities research analysts predict that Vail Resorts, Inc. (NYSE:MTN) will post $240.80 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Vail Resorts’ earnings, with estimates ranging from $230.82 million to $247.40 million. Vail Resorts reported sales of $211.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The business is scheduled to report its next earnings results after the market closes on Thursday, September 26th.

According to Zacks, analysts expect that Vail Resorts will report full year sales of $2.27 billion for the current financial year, with estimates ranging from $2.26 billion to $2.28 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.42 billion, with estimates ranging from $2.40 billion to $2.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Vail Resorts.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Co assumed coverage on shares of Vail Resorts in a report on Monday, July 15th. They set a “market perform” rating and a $230.00 target price on the stock. Stifel Nicolaus increased their target price on shares of Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, June 7th. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating and set a $182.00 target price on the stock. in a report on Monday, May 27th. SunTrust Banks increased their target price on shares of Vail Resorts to $247.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Deutsche Bank set a $261.00 target price on shares of Vail Resorts and gave the stock a “buy” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Vail Resorts presently has a consensus rating of “Hold” and an average price target of $237.18.

Several institutional investors and hedge funds have recently made changes to their positions in MTN. Principal Financial Group Inc. raised its holdings in shares of Vail Resorts by 51.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,563,580 shares of the company’s stock valued at $339,766,000 after purchasing an additional 530,235 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at $67,662,000. Nuveen Asset Management LLC acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at $56,153,000. Morgan Stanley raised its holdings in shares of Vail Resorts by 254.6% in the 2nd quarter. Morgan Stanley now owns 336,975 shares of the company’s stock valued at $75,205,000 after purchasing an additional 241,936 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in shares of Vail Resorts in the 1st quarter valued at $48,145,000. Institutional investors and hedge funds own 95.25% of the company’s stock.

Vail Resorts stock traded down $0.83 during mid-day trading on Friday, reaching $238.51. 210,940 shares of the company’s stock were exchanged, compared to its average volume of 373,983. The company has a market cap of $9.56 billion, a P/E ratio of 37.92, a P/E/G ratio of 1.99 and a beta of 0.68. Vail Resorts has a twelve month low of $179.60 and a twelve month high of $295.01. The company has a quick ratio of 0.62, a current ratio of 0.76 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $239.85 and a 200-day moving average of $225.47.

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 Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

Featured Story: Is a Roth IRA right for you?

Get a free copy of the Zacks research report on Vail Resorts (MTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Vail Resorts (NYSE:MTN)

Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.