Peak Resorts, Inc. (NASDAQ:SKIS) announced a quarterly dividend on Friday, July 14th, Wall Street Journal reports. Investors of record on Thursday, July 27th will be paid a dividend of 0.07 per share on Friday, August 11th. This represents a $0.28 annualized dividend and a yield of 5.19%. The ex-dividend date is Tuesday, July 25th.
Shares of Peak Resorts (NASDAQ SKIS) opened at 5.40 on Thursday. The company has a 50-day moving average price of $4.38 and a 200 day moving average price of $5.31. The stock has a market capitalization of $75.50 million, a P/E ratio of 180.00 and a beta of 0.91. Peak Resorts has a 52 week low of $3.90 and a 52 week high of $6.20.
Peak Resorts (NASDAQ:SKIS) last posted its earnings results on Thursday, July 13th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.09. Peak Resorts had a net margin of 0.36% and a return on equity of 0.68%. The business had revenue of $51.30 million during the quarter, compared to analyst estimates of $51.78 million. During the same period in the previous year, the firm posted ($0.50) earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. Analysts forecast that Peak Resorts will post $0.20 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on SKIS. Macquarie lowered Peak Resorts from an “outperform” rating to a “neutral” rating and set a $5.00 price target on the stock. in a report on Wednesday. FBR & Co restated a “buy” rating on shares of Peak Resorts in a report on Tuesday, April 11th. Stifel Nicolaus cut their price target on Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, June 23rd. Zacks Investment Research upgraded Peak Resorts from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, ValuEngine lowered Peak Resorts from a “hold” rating to a “sell” rating in a report on Saturday, May 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.29.
Peak Resorts Company Profile
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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