Vail Resorts (NYSE:MTN) Releases Quarterly Earnings Results, Beats Estimates By $0.36 EPS

Vail Resorts (NYSE:MTN) issued its quarterly earnings results on Monday. The company reported ($2.64) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.00) by $0.36, Briefing.com reports. The company had revenue of $267.80 million during the quarter, compared to the consensus estimate of $251.65 million. Vail Resorts had a return on equity of 18.13% and a net margin of 13.26%. Vail Resorts’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the business posted ($2.66) earnings per share.

Shares of MTN opened at $230.83 on Tuesday. Vail Resorts has a 1-year low of $179.60 and a 1-year high of $249.67. The company has a market capitalization of $9.38 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.96 and a beta of 0.71. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.73 and a quick ratio of 0.60. The firm’s 50 day simple moving average is $237.68 and its 200 day simple moving average is $233.42.

Several equities analysts recently weighed in on the stock. William Blair restated a “buy” rating on shares of Vail Resorts in a research report on Friday. Deutsche Bank set a $281.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a report on Friday, September 27th. Jefferies Financial Group set a $263.00 price target on shares of Vail Resorts and gave the company a “hold” rating in a report on Friday, September 27th. Wells Fargo & Co boosted their price target on shares of Vail Resorts from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, September 25th. They noted that the move was a valuation call. Finally, Bank of America upped their price target on shares of Vail Resorts from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Vail Resorts has an average rating of “Hold” and a consensus target price of $247.26.

In other Vail Resorts news, CMO Kirsten A. Lynch sold 5,834 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $228.62, for a total transaction of $1,333,769.08. Following the sale, the chief marketing officer now owns 17,060 shares in the company, valued at $3,900,257.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Z. Barkin sold 1,394 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $230.88, for a total value of $321,846.72. Following the sale, the chief financial officer now owns 14,980 shares in the company, valued at approximately $3,458,582.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,641 shares of company stock valued at $3,120,591. 2.40% of the stock is currently owned by company insiders.

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.

See Also: Cash Asset Ratio

Earnings History for Vail Resorts (NYSE:MTN)

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