Analysts Expect Peak Resorts Inc (SKIS) to Announce $0.62 Earnings Per Share

Wall Street brokerages expect Peak Resorts Inc (NASDAQ:SKIS) to announce $0.62 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Peak Resorts’ earnings. The lowest EPS estimate is $0.58 and the highest is $0.71. Peak Resorts posted earnings of $0.52 per share during the same quarter last year, which indicates a positive year over year growth rate of 19.2%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, July 12th.

On average, analysts expect that Peak Resorts will report full-year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.10. For the next year, analysts anticipate that the firm will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.10) to $0.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Peak Resorts.

Separately, ValuEngine upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $6.11.

A number of hedge funds have recently modified their holdings of SKIS. Wells Fargo & Company MN increased its stake in Peak Resorts by 40.4% in the 1st quarter. Wells Fargo & Company MN now owns 40,640 shares of the company’s stock valued at $198,000 after buying an additional 11,700 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Peak Resorts in the 4th quarter valued at about $382,000. Finally, Russell Investments Group Ltd. grew its position in shares of Peak Resorts by 150.5% in the 1st quarter. Russell Investments Group Ltd. now owns 160,190 shares of the company’s stock valued at $776,000 after acquiring an additional 96,241 shares during the period. Hedge funds and other institutional investors own 45.58% of the company’s stock.

Shares of NASDAQ:SKIS traded up $0.05 during midday trading on Friday, reaching $5.25. 69,093 shares of the company were exchanged, compared to its average volume of 14,710. Peak Resorts has a fifty-two week low of $4.10 and a fifty-two week high of $5.78. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.71. The firm has a market cap of $73.41 million, a price-to-earnings ratio of 175.00 and a beta of 1.20.

About Peak Resorts

Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day ski and overnight drive ski resorts. The company offers various activities, services, and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking, zip tours, and other summer activities.

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Earnings History and Estimates for Peak Resorts (NASDAQ:SKIS)

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