Equities analysts expect that Vail Resorts, Inc. (NYSE:MTN) will post $825.83 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Vail Resorts’ earnings. The highest sales estimate is $851.50 million and the lowest is $809.27 million. Vail Resorts reported sales of $794.63 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The firm is expected to issue its next earnings report on Thursday, June 14th.
According to Zacks, analysts expect that Vail Resorts will report full year sales of $825.83 million for the current year, with estimates ranging from $1.98 billion to $2.01 billion. For the next fiscal year, analysts expect that the company will post sales of $2.15 billion per share, with estimates ranging from $2.11 billion to $2.18 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vail Resorts.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, March 8th. The company reported $4.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.55 by $0.57. The business had revenue of $734.58 million for the quarter, compared to analysts’ expectations of $716.72 million. Vail Resorts had a return on equity of 13.17% and a net margin of 16.91%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 EPS.
In related news, CFO Michael Z. Barkin sold 2,695 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $222.45, for a total value of $599,502.75. Following the transaction, the chief financial officer now directly owns 18,058 shares in the company, valued at $4,017,002.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ryan H. Siurek sold 322 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $221.25, for a total value of $71,242.50. Following the completion of the transaction, the senior vice president now owns 520 shares in the company, valued at $115,050. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its stake in Vail Resorts by 23.1% during the fourth quarter. Bank of Montreal Can now owns 161,422 shares of the company’s stock worth $34,295,000 after purchasing an additional 30,249 shares in the last quarter. Swiss National Bank lifted its stake in Vail Resorts by 1.0% during the third quarter. Swiss National Bank now owns 176,200 shares of the company’s stock worth $40,195,000 after purchasing an additional 1,800 shares in the last quarter. Dean Capital Investments Management LLC acquired a new position in Vail Resorts during the fourth quarter worth $282,000. Aperio Group LLC lifted its stake in Vail Resorts by 13.5% during the third quarter. Aperio Group LLC now owns 9,746 shares of the company’s stock worth $2,223,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Virtu Financial LLC lifted its stake in Vail Resorts by 94.3% during the fourth quarter. Virtu Financial LLC now owns 11,143 shares of the company’s stock worth $2,368,000 after purchasing an additional 5,409 shares in the last quarter. Institutional investors own 95.77% of the company’s stock.
Shares of Vail Resorts (NYSE:MTN) traded up $1.69 during trading on Friday, hitting $223.06. The stock had a trading volume of 381,091 shares, compared to its average volume of 470,474. The firm has a market cap of $9,010.00, a PE ratio of 34.96 and a beta of 0.55. Vail Resorts has a fifty-two week low of $183.85 and a fifty-two week high of $237.77. The company has a current ratio of 0.73, a quick ratio of 0.58 and a debt-to-equity ratio of 0.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Tuesday, March 27th will be issued a $1.47 dividend. The ex-dividend date is Monday, March 26th. This is a boost from Vail Resorts’s previous quarterly dividend of $1.05. This represents a $5.88 dividend on an annualized basis and a yield of 2.64%. Vail Resorts’s dividend payout ratio is currently 65.99%.
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Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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