Equities analysts predict that Peak Resorts Inc (NASDAQ:SKIS) will report $52.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Peak Resorts’ earnings, with estimates ranging from $51.60 million to $53.80 million. Peak Resorts reported sales of $51.26 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The company is expected to issue its next earnings report on Thursday, July 12th.
According to Zacks, analysts expect that Peak Resorts will report full-year sales of $52.65 million for the current year, with estimates ranging from $127.20 million to $129.43 million. For the next financial year, analysts forecast that the company will report sales of $132.66 million per share, with estimates ranging from $130.00 million to $133.50 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Peak Resorts.
Several research firms recently commented on SKIS. ValuEngine upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Zacks Investment Research upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Oppenheimer restated a “buy” rating and issued a $7.00 price objective on shares of Peak Resorts in a research note on Friday, December 8th. B. Riley restated a “buy” rating and issued a $6.00 price objective on shares of Peak Resorts in a research note on Friday, December 8th. Finally, Stifel Nicolaus increased their price objective on shares of Peak Resorts from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Friday, December 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $6.11.
Several hedge funds have recently made changes to their positions in SKIS. Dimensional Fund Advisors LP raised its stake in shares of Peak Resorts by 93.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock valued at $116,000 after buying an additional 12,895 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Peak Resorts in the 4th quarter valued at $382,000. Sterneck Capital Management LLC raised its stake in shares of Peak Resorts by 13.3% in the 4th quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock valued at $1,307,000 after buying an additional 28,467 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Peak Resorts by 63.0% in the 2nd quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock valued at $1,720,000 after buying an additional 162,100 shares in the last quarter. Finally, Summer Road LLC increased its position in shares of Peak Resorts by 38.4% during the 3rd quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock worth $8,380,000 after purchasing an additional 534,092 shares in the last quarter. Institutional investors own 44.73% of the company’s stock.
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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