Vail Resorts, Inc. (NYSE:MTN) – Investment analysts at Jefferies Financial Group issued their Q3 2019 earnings per share estimates for Vail Resorts in a research note issued to investors on Monday, April 22nd. Jefferies Financial Group analyst D. Katz anticipates that the company will earn $6.83 per share for the quarter. Jefferies Financial Group has a “Hold” rating and a $233.00 price objective on the stock. Jefferies Financial Group also issued estimates for Vail Resorts’ Q4 2019 earnings at ($2.78) EPS, Q2 2020 earnings at $5.22 EPS and Q3 2020 earnings at $7.75 EPS.
Other research analysts have also issued research reports about the company. Deutsche Bank reduced their target price on Vail Resorts from $294.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 14th. KeyCorp set a $210.00 price objective on Vail Resorts and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Zacks Investment Research raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Stifel Nicolaus boosted their price objective on Vail Resorts from $215.00 to $219.00 and gave the stock a “hold” rating in a report on Monday, March 11th. Finally, ValuEngine lowered Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $262.74.
Vail Resorts (NYSE:MTN) last posted its earnings results on Friday, March 8th. The company reported $5.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.79 by $0.23. The business had revenue of $849.60 million during the quarter, compared to analyst estimates of $841.76 million. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.12 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Wednesday, March 27th were issued a dividend of $1.76 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.26%. Vail Resorts’s payout ratio is presently 111.92%.
In other news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $216.47, for a total transaction of $216,470.00. Following the completion of the transaction, the director now owns 8,372 shares of the company’s stock, valued at $1,812,286.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David T. Shapiro sold 5,312 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $213.51, for a total value of $1,134,165.12. Following the transaction, the executive vice president now directly owns 4,573 shares of the company’s stock, valued at approximately $976,381.23. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Highwater Wealth Management LLC purchased a new stake in Vail Resorts in the fourth quarter worth approximately $32,000. Exane Derivatives boosted its stake in Vail Resorts by 3,080.0% in the fourth quarter. Exane Derivatives now owns 159 shares of the company’s stock worth $34,000 after buying an additional 154 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Vail Resorts by 700.0% in the fourth quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock worth $42,000 after buying an additional 175 shares in the last quarter. Oakworth Capital Inc. boosted its stake in Vail Resorts by 100.0% in the fourth quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock worth $42,000 after buying an additional 100 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in Vail Resorts by 526.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 282 shares of the company’s stock worth $59,000 after buying an additional 237 shares in the last quarter. 99.19% of the stock is owned by institutional investors and hedge funds.
About Vail Resorts
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 Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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