Media coverage about Vail Resorts (NYSE:MTN) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vail Resorts earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 48.0980865419126 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Testimony begins in trial over Vail avalanche death case (denverpost.com)
- Vail Resorts CEO announces donation of $31 million to his family’s foundation (denverpost.com)
- Mountain News: One ski town gets another hotel, but proposals elsewhere struggle (piquenewsmagazine.com)
- Vail Resorts sees strong quarter despite poor snow season in U.S. (piquenewsmagazine.com)
- Insider Selling: Vail Resorts, Inc. (MTN) Insider Sells 8,821 Shares of Stock (americanbankingnews.com)
Several equities research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Vail Resorts from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday. Stifel Nicolaus restated a “hold” rating and issued a $295.00 target price (up previously from $232.00) on shares of Vail Resorts in a report on Monday. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Tuesday. KeyCorp lifted their price objective on shares of Vail Resorts from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, June 8th. Finally, Deutsche Bank set a $297.00 price objective on shares of Vail Resorts and gave the company a “buy” rating in a report on Friday, June 8th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $279.13.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 7th. The company reported $6.17 EPS for the quarter, beating analysts’ consensus estimates of $6.12 by $0.05. The business had revenue of $844.50 million for the quarter, compared to the consensus estimate of $823.83 million. Vail Resorts had a net margin of 20.23% and a return on equity of 15.91%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.40 EPS. equities analysts anticipate that Vail Resorts will post 9.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Wednesday, June 27th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Tuesday, June 26th. Vail Resorts’s dividend payout ratio (DPR) is 112.64%.
In other news, CFO Michael Z. Barkin sold 2,206 shares of Vail Resorts stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $275.10, for a total value of $606,870.60. Following the transaction, the chief financial officer now owns 13,714 shares of the company’s stock, valued at approximately $3,772,721.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Patricia A. Campbell sold 8,821 shares of Vail Resorts stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $277.06, for a total transaction of $2,443,946.26. Following the completion of the transaction, the insider now directly owns 19,431 shares in the company, valued at approximately $5,383,552.86. The disclosure for this sale can be found here. Insiders have sold a total of 58,189 shares of company stock worth $15,912,143 in the last three months. Insiders own 3.30% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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