Shares of Vail Resorts, Inc. (NYSE:MTN) have been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $249.00.
Several research firms have recently issued reports on MTN. Deutsche Bank restated a “buy” rating and set a $265.00 price objective on shares of Vail Resorts in a report on Thursday, February 1st. Stifel Nicolaus raised their price objective on Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, December 8th. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, MKM Partners decreased their price objective on Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th.
In other news, Director Michele Romanow bought 225 shares of Vail Resorts stock in a transaction that occurred on Tuesday, December 19th. The shares were purchased at an average price of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the acquisition, the director now owns 1,663 shares of the company’s stock, valued at $368,421.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is currently owned by company insiders.
Vail Resorts (NYSE:MTN) traded down $3.57 during mid-day trading on Wednesday, hitting $223.42. The stock had a trading volume of 610,818 shares, compared to its average volume of 577,025. Vail Resorts has a 1-year low of $183.85 and a 1-year high of $237.77. The company has a quick ratio of 0.58, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $9,171.99, a PE ratio of 41.05 and a beta of 0.55.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, March 8th. The company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.57. Vail Resorts had a return on equity of 13.17% and a net margin of 16.91%. The business had revenue of $734.58 million for the quarter, compared to analysts’ expectations of $716.72 million. During the same quarter last year, the firm earned $3.63 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. sell-side analysts forecast that Vail Resorts will post 6.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Tuesday, March 27th will be issued a $1.47 dividend. The ex-dividend date is Monday, March 26th. This represents a $5.88 dividend on an annualized basis and a yield of 2.63%. This is a boost from Vail Resorts’s previous quarterly dividend of $1.05. Vail Resorts’s dividend payout ratio (DPR) is presently 53.09%.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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