Peak Resorts (SKIS) Releases Earnings Results, Beats Estimates By $0.08 EPS

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Peak Resorts (NASDAQ:SKIS) announced its quarterly earnings results on Wednesday. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08, Fidelity Earnings reports. The firm had revenue of $83.98 million for the quarter, compared to the consensus estimate of $82.93 million. Peak Resorts had a negative return on equity of 4.26% and a negative net margin of 3.02%.

Shares of Peak Resorts stock opened at $4.70 on Friday. Peak Resorts has a 12 month low of $4.10 and a 12 month high of $5.55. The company has a market cap of $68.25 million, a P/E ratio of 67.14 and a beta of 0.81. The company has a debt-to-equity ratio of 3.74, a current ratio of 0.51 and a quick ratio of 0.45.

A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Peak Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Oppenheimer set a $7.00 price objective on Peak Resorts and gave the company a “buy” rating in a research report on Wednesday, December 12th. Finally, ValuEngine cut Peak Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th.

In other news, insider Timothy D. Boyd purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 8th. The stock was bought at an average cost of $4.79 per share, with a total value of $47,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.89% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of SKIS. Resources Investment Advisors Inc. bought a new stake in shares of Peak Resorts in the 4th quarter valued at approximately $28,000. Stifel Financial Corp lifted its stake in shares of Peak Resorts by 11.6% in the 4th quarter. Stifel Financial Corp now owns 89,268 shares of the company’s stock valued at $417,000 after purchasing an additional 9,250 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Peak Resorts by 9.8% in the 4th quarter. Pinnacle Associates Ltd. now owns 90,079 shares of the company’s stock valued at $422,000 after purchasing an additional 8,060 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Peak Resorts by 30.8% in the 3rd quarter. Renaissance Technologies LLC now owns 171,799 shares of the company’s stock valued at $842,000 after purchasing an additional 40,501 shares during the last quarter. Finally, Vanguard Group Inc lifted its stake in shares of Peak Resorts by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 438,428 shares of the company’s stock valued at $2,148,000 after purchasing an additional 9,482 shares during the last quarter. 42.62% of the stock is owned by institutional investors and hedge funds.

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About Peak Resorts

Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.

Further Reading: Short Selling

Earnings History for Peak Resorts (NASDAQ:SKIS)

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