Vail Resorts Inc. (NYSE:MTN) announced a quarterly dividend on Monday, September 26th. Shareholders of record on Friday, October 7th will be given a dividend of 0.81 per share on Tuesday, October 25th. This represents a $3.24 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, October 5th.
Shares of Vail Resorts (NYSE:MTN) opened at 156.85 on Tuesday. Vail Resorts has a 12-month low of $103.18 and a 12-month high of $162.95. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 39.11 and a beta of 0.66. The firm has a 50-day moving average price of $159.02 and a 200 day moving average price of $141.45.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.67) by $0.13. The company earned $179.88 million during the quarter. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted ($1.92) earnings per share. On average, equities research analysts anticipate that Vail Resorts will post $5.08 earnings per share for the current fiscal year.
Several analysts recently issued reports on the company. Janney Montgomery Scott reissued a “buy” rating and issued a $170.00 price target (up previously from $153.00) on shares of Vail Resorts in a report on Wednesday, August 10th. Barclays PLC reissued a “buy” rating and issued a $175.00 price target on shares of Vail Resorts in a report on Tuesday, September 27th. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Wednesday, August 24th. MKM Partners set a $180.00 price target on Vail Resorts and gave the stock a “buy” rating in a report on Tuesday, September 20th. Finally, Credit Suisse Group AG set a $153.00 target price on Vail Resorts and gave the company a “buy” rating in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $153.76.
In related news, Director John F. Sorte sold 4,688 shares of Vail Resorts stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $155.94, for a total value of $731,046.72. Following the transaction, the director now directly owns 63,147 shares in the company, valued at approximately $9,847,143.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of Vail Resorts by 502.4% in the second quarter. Pacer Advisors Inc. now owns 1,271 shares of the company’s stock worth $176,000 after buying an additional 1,060 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Vail Resorts during the second quarter worth about $223,000. Wall Street Associates bought a new position in shares of Vail Resorts during the second quarter worth about $228,000. Capstone Investment Advisors LLC bought a new position in shares of Vail Resorts during the second quarter worth about $248,000. Finally, Miles Capital Inc. boosted its position in shares of Vail Resorts by 1.5% in the second quarter. Miles Capital Inc. now owns 2,010 shares of the company’s stock worth $278,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.
Vail Resorts Company Profile
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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