Analysts Expect Vail Resorts, Inc. (MTN) Will Announce Earnings of -$2.31 Per Share

Analysts expect Vail Resorts, Inc. (NYSE:MTN) to announce earnings of ($2.31) per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Vail Resorts’ earnings. The lowest EPS estimate is ($2.35) and the highest is ($2.24). Vail Resorts reported earnings per share of ($1.43) during the same quarter last year, which would suggest a negative year over year growth rate of 61.5%. The business is scheduled to issue its next earnings results before the market opens on Friday, September 28th.

On average, analysts expect that Vail Resorts will report full-year earnings of $9.01 per share for the current fiscal year, with EPS estimates ranging from $8.84 to $9.15. For the next financial year, analysts anticipate that the company will report earnings of $8.05 per share, with EPS estimates ranging from $7.80 to $8.39. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Vail Resorts.

MTN has been the subject of several research reports. Stifel Nicolaus reiterated a “hold” rating and set a $295.00 price objective (up previously from $232.00) on shares of Vail Resorts in a research report on Monday, June 11th. They noted that the move was a valuation call. ValuEngine upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. Macquarie lowered shares of Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price objective for the company. in a research report on Wednesday, September 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 price objective for the company in a research report on Friday, July 13th. Finally, KeyCorp increased their price objective on shares of Vail Resorts from $250.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, June 8th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Vail Resorts presently has a consensus rating of “Buy” and a consensus price target of $288.80.

Hedge funds have recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. bought a new position in Vail Resorts during the second quarter valued at $122,000. Synovus Financial Corp purchased a new stake in shares of Vail Resorts in the first quarter valued at $133,000. Tower Research Capital LLC TRC raised its stake in shares of Vail Resorts by 56.0% in the second quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock valued at $138,000 after acquiring an additional 181 shares during the period. Hirtle Callaghan & Co LLC purchased a new stake in shares of Vail Resorts in the second quarter valued at $192,000. Finally, Silvercrest Asset Management Group LLC purchased a new stake in shares of Vail Resorts in the first quarter valued at $204,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Shares of NYSE:MTN traded down $5.18 during midday trading on Friday, reaching $282.24. 823,900 shares of the company were exchanged, compared to its average volume of 352,628. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 1.04. Vail Resorts has a one year low of $200.68 and a one year high of $302.76. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of 54.63 and a beta of 0.38.

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.

Featured Story: Leveraged Buyout (LBO) Explained

Get a free copy of the Zacks research report on Vail Resorts (MTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Vail Resorts (NYSE:MTN)

Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply