Peak Resorts Inc (NASDAQ:SKIS) – Stock analysts at Oppenheimer upped their FY2018 EPS estimates for shares of Peak Resorts in a research note issued to investors on Thursday. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings per share of $0.08 for the year, up from their prior forecast of $0.05. Oppenheimer currently has a “Buy” rating and a $7.00 target price on the stock. Oppenheimer also issued estimates for Peak Resorts’ Q4 2018 earnings at $0.60 EPS.
SKIS has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Stifel Nicolaus lifted their price objective on shares of Peak Resorts from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Friday, December 8th. ValuEngine lowered shares of Peak Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Finally, B. Riley reiterated a “buy” rating and issued a $6.00 price objective on shares of Peak Resorts in a research note on Friday, December 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Peak Resorts has a consensus rating of “Hold” and a consensus target price of $6.11.
Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.02). Peak Resorts had a negative net margin of 0.13% and a positive return on equity of 1.36%. The business had revenue of $8.84 million during the quarter, compared to analysts’ expectations of $8.64 million. During the same quarter in the prior year, the firm posted ($0.57) earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summer Road LLC grew its position in shares of Peak Resorts by 38.4% during the 3rd quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock valued at $8,380,000 after purchasing an additional 534,092 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Peak Resorts by 63.0% during the 2nd quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock valued at $1,720,000 after purchasing an additional 162,100 shares in the last quarter. Sterneck Capital Management LLC grew its position in shares of Peak Resorts by 13.3% during the 4th quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock valued at $1,307,000 after purchasing an additional 28,467 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Peak Resorts during the 4th quarter valued at $382,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Peak Resorts by 93.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock valued at $116,000 after purchasing an additional 12,895 shares in the last quarter. Hedge funds and other institutional investors own 44.73% of the company’s stock.
About Peak Resorts
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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