Equities analysts expect Peak Resorts Inc (NASDAQ:SKIS) to announce earnings of $0.55 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Peak Resorts’ earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.59. Peak Resorts posted earnings of $0.59 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.8%. The business is expected to issue its next quarterly earnings results on Thursday, July 11th.
According to Zacks, analysts expect that Peak Resorts will report full-year earnings of $0.05 per share for the current year, with EPS estimates ranging from $0.04 to $0.05. For the next fiscal year, analysts forecast that the firm will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.53) to $0.08. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Peak Resorts.
Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. Peak Resorts had a return on equity of 1.60% and a net margin of 0.33%. The company had revenue of $83.98 million for the quarter, compared to the consensus estimate of $82.93 million.
Several hedge funds have recently bought and sold shares of SKIS. Resources Investment Advisors Inc. bought a new position in shares of Peak Resorts in the 4th quarter worth about $28,000. Advisor Group Inc. bought a new position in shares of Peak Resorts in the 1st quarter worth about $235,000. Essex Investment Management Co. LLC raised its position in shares of Peak Resorts by 13.0% in the 1st quarter. Essex Investment Management Co. LLC now owns 71,300 shares of the company’s stock worth $324,000 after acquiring an additional 8,205 shares in the last quarter. Stifel Financial Corp raised its position 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 worth $417,000 after acquiring an additional 9,250 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in 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 buying an additional 8,060 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ SKIS traded up $0.12 during mid-day trading on Wednesday, hitting $3.93. 38,027 shares of the stock traded hands, compared to its average volume of 18,946. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 3.28. Peak Resorts has a twelve month low of $3.75 and a twelve month high of $5.55. The company has a market cap of $56.87 million, a price-to-earnings ratio of 56.14 and a beta of 0.79.
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.
See Also: Debt-To-Equity Ratio
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