Vail Resorts (NYSE:MTN) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Vail Resorts (NYSE:MTN) issued its quarterly earnings data on Monday. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16), FiscalAI reports. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%.

Vail Resorts Price Performance

Shares of MTN stock traded up $1.35 during trading on Monday, hitting $136.72. The company had a trading volume of 1,387,383 shares, compared to its average volume of 839,635. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.51 and a current ratio of 0.62. Vail Resorts has a one year low of $118.51 and a one year high of $172.00. The firm has a market capitalization of $4.87 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 11.52 and a beta of 0.72. The stock’s 50-day moving average price is $127.96 and its 200 day moving average price is $135.32.

Insider Activity

In other news, CEO Robert A. Katz bought 37,500 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the acquisition, the chief executive officer directly owned 285,312 shares in the company, valued at $37,606,974.72. This represents a 15.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Angela A. Korch bought 190 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was purchased at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the acquisition, 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. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BOKF NA boosted its position in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its position in Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares during the period. Golden State Wealth Management LLC boosted its position in Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Danske Bank A S acquired a new stake in Vail Resorts during the 3rd quarter worth approximately $30,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Vail Resorts by 1,585.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. BNP Paribas Exane reissued an “outperform” rating on shares of Vail Resorts in a research report on Tuesday, March 10th. Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. UBS Group decreased their price target on shares of Vail Resorts from $169.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Finally, Truist Financial decreased their price target on shares of Vail Resorts from $217.00 to $212.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $161.00.

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.