Peak Resorts, Inc. Announces Quarterly Dividend of $0.07 (SKIS)

Peak Resorts, Inc. (NASDAQ:SKIS) announced a quarterly dividend on Wednesday, January 10th, Wall Street Journal reports. Stockholders of record on Thursday, January 25th will be paid a dividend of 0.07 per share on Friday, February 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date is Wednesday, January 24th.

Peak Resorts (SKIS) remained flat at $$5.25 during trading hours on Thursday. 6,300 shares of the company’s stock were exchanged, compared to its average volume of 21,671. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.11. Peak Resorts has a fifty-two week low of $4.00 and a fifty-two week high of $6.20. The stock has a market capitalization of $74.70, a price-to-earnings ratio of -16.41 and a beta of 1.11.

Peak Resorts (NASDAQ:SKIS) last issued its earnings results on Thursday, December 7th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.02). Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The firm had revenue of $8.84 million during the quarter, compared to analysts’ expectations of $8.64 million. During the same quarter last year, the firm earned ($0.57) EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. sell-side analysts predict that Peak Resorts will post 0.05 EPS for the current year.

Several analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of Peak Resorts in a research note on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and set a $6.00 price objective on shares of Peak Resorts in a research report on Tuesday, September 19th. Zacks Investment Research cut Peak Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Stifel Nicolaus upped their price target on Peak Resorts from $6.00 to $7.00 and gave the company a “buy” rating in a report on Friday, December 8th. Finally, ValuEngine raised Peak Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Peak Resorts has an average rating of “Buy” and an average target price of $6.22.

An institutional investor recently raised its position in Peak Resorts stock. Vanguard Group Inc. lifted its stake in Peak Resorts, Inc. (NASDAQ:SKIS) by 63.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 419,553 shares of the company’s stock after purchasing an additional 162,100 shares during the period. Vanguard Group Inc. owned 3.00% of Peak Resorts worth $1,720,000 at the end of the most recent quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

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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.

Dividend History for Peak Resorts (NASDAQ:SKIS)

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