Vail Resorts (NYSE:MTN) Announces Quarterly Earnings Results

Vail Resorts (NYSE:MTN) posted its quarterly earnings data on Thursday. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39), Briefing.com reports. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter last year, the firm earned ($3.35) earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year.

Vail Resorts Stock Performance

NYSE MTN opened at $187.99 on Friday. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $242.47. The firm has a market capitalization of $7.07 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14. The stock’s fifty day moving average is $179.53 and its two-hundred day moving average is $192.26. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $223.00 price target (down previously from $259.00) on shares of Vail Resorts in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. downgraded shares of Vail Resorts from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. Morgan Stanley lifted their price objective on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Barclays reduced their target price on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $213.38.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.