Vail Resorts Inc. (NYSE:MTN) – Research analysts at KeyCorp issued their Q1 2017 earnings per share estimates for Vail Resorts in a report issued on Monday. KeyCorp analyst S. Hamann anticipates that the firm will post earnings per share of ($1.63) for the quarter. KeyCorp has a “Overweight” rating and a $175.00 price target on the stock. KeyCorp also issued estimates for Vail Resorts’ Q2 2017 earnings at $3.58 EPS, Q3 2017 earnings at $4.78 EPS, Q4 2017 earnings at ($1.67) EPS, FY2017 earnings at $5.06 EPS and FY2018 earnings at $5.50 EPS.
Several other research firms also recently weighed in on MTN. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, August 24th. MKM Partners set a $180.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research note on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research note on Monday, September 12th. Janney Montgomery Scott reissued a “buy” rating and issued a $170.00 price target (up from $153.00) on shares of Vail Resorts in a research note on Wednesday, August 10th. Finally, Barclays PLC reissued a “buy” rating and issued a $175.00 price target on shares of Vail Resorts in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $153.76.
Shares of Vail Resorts (NYSE:MTN) traded up 0.22% during mid-day trading on Wednesday, hitting $156.21. The stock had a trading volume of 184,860 shares. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 40.30 and a beta of 0.70. Vail Resorts has a 1-year low of $101.64 and a 1-year high of $162.95. The stock’s 50-day moving average is $158.88 and its 200 day moving average is $140.68.
Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by $0.13. The firm earned $179.88 million during the quarter. Vail Resorts had a net margin of 9.35% and a return on equity of 17.34%. Vail Resorts’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.92) EPS.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Friday, October 7th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, October 5th. Vail Resorts’s dividend payout ratio is currently 82.23%.
A number of large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Vail Resorts during the fourth quarter worth $48,741,000. Acadian Asset Management LLC boosted its stake in Vail Resorts by 668.6% in the first quarter. Acadian Asset Management LLC now owns 7,140 shares of the company’s stock worth $955,000 after buying an additional 6,211 shares during the last quarter. Aperio Group LLC boosted its stake in Vail Resorts by 30.1% in the first quarter. Aperio Group LLC now owns 4,378 shares of the company’s stock worth $585,000 after buying an additional 1,013 shares during the last quarter. Virginia Retirement System purchased a new stake in Vail Resorts during the first quarter worth approximately $308,000. Finally, CIBC World Markets Inc. boosted its stake in Vail Resorts by 50.5% in the first quarter. CIBC World Markets Inc. now owns 17,156 shares of the company’s stock worth $2,294,000 after buying an additional 5,757 shares during the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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