Vail Resorts, Inc. (MTN) To Go Ex-Dividend on March 26th

Vail Resorts, Inc. (NYSE:MTN) declared a quarterly dividend on Thursday, March 5th. Stockholders of record on Thursday, March 26th will be paid a dividend of 2.22 per share on Thursday, April 9th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Thursday, March 26th.

Vail Resorts has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Vail Resorts has a dividend payout ratio of 109.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Vail Resorts to earn $8.25 per share next year, which means the company may not be able to cover its $8.88 annual dividend with an expected future payout ratio of 107.6%.

Vail Resorts Price Performance

MTN opened at $130.39 on Tuesday. The firm has a market cap of $4.65 billion, a PE ratio of 21.27, a P/E/G ratio of 9.04 and a beta of 0.78. The stock has a 50-day moving average price of $137.42 and a 200-day moving average price of $143.16. Vail Resorts has a 1 year low of $126.15 and a 1 year high of $175.51. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.62 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.56 earnings per share. Sell-side analysts predict that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CEO Robert A. Katz purchased 37,500 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the purchase, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at $37,606,974.72. The trade was a 15.13% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Angela A. Korch acquired 190 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $131.85 per share, with a total value of $25,051.50. Following the transaction, the chief financial officer owned 5,539 shares in the company, valued at approximately $730,317.15. This trade represents a 3.55% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

Several hedge funds have recently bought and sold shares of MTN. Clearstead Advisors LLC grew its holdings in Vail Resorts by 21.5% during the 4th quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock valued at $56,000 after buying an additional 75 shares in the last quarter. Comerica Bank raised its position in shares of Vail Resorts by 0.4% during the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock valued at $2,625,000 after buying an additional 78 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Vail Resorts by 1.2% in the third quarter. Xponance Inc. now owns 6,903 shares of the company’s stock worth $1,032,000 after buying an additional 82 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Vail Resorts by 2.4% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 3,722 shares of the company’s stock worth $557,000 after acquiring an additional 87 shares during the last quarter. Finally, Provident Investment Management Inc. boosted its position in shares of Vail Resorts by 1.6% during the third quarter. Provident Investment Management Inc. now owns 5,821 shares of the company’s stock worth $871,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.