Wall Street analysts expect Peak Resorts Inc (NASDAQ:SKIS) to report $7.54 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Peak Resorts’ earnings, with the lowest sales estimate coming in at $7.37 million and the highest estimate coming in at $7.80 million. Peak Resorts reported sales of $7.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.3%. The company is expected to announce its next quarterly earnings report on Wednesday, September 5th.

According to Zacks, analysts expect that Peak Resorts will report full-year sales of $136.16 million for the current year, with estimates ranging from $134.65 million to $138.15 million. For the next fiscal year, analysts expect that the company will post sales of $141.01 million per share, with estimates ranging from $139.50 million to $141.53 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Peak Resorts.

Peak Resorts (NASDAQ:SKIS) last posted its earnings results on Thursday, July 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.06). Peak Resorts had a return on equity of 4.53% and a net margin of 1.03%. The firm had revenue of $56.03 million for the quarter, compared to analysts’ expectations of $52.65 million.

Separately, ValuEngine lowered shares of Peak Resorts from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $6.29.

Shares of SKIS stock traded down $0.05 during mid-day trading on Friday, hitting $4.95. 2,614 shares of the stock were exchanged, compared to its average volume of 20,399. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 2.38. Peak Resorts has a 52-week low of $4.10 and a 52-week high of $5.78. The firm has a market cap of $71.31 million, a P/E ratio of 70.71 and a beta of 1.18.

The company also recently announced a quarterly dividend, which was paid on Friday, August 10th. Stockholders of record on Thursday, July 26th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Wednesday, July 25th. Peak Resorts’s payout ratio is currently 400.00%.

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of Peak Resorts by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 131,298 shares of the company’s stock worth $656,000 after acquiring an additional 14,477 shares in the last quarter. Rutabaga Capital Management LLC MA boosted its stake in shares of Peak Resorts by 22.5% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,281,522 shares of the company’s stock worth $6,408,000 after acquiring an additional 235,346 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Peak Resorts by 150.5% during the 1st quarter. Russell Investments Group Ltd. now owns 160,190 shares of the company’s stock worth $776,000 after acquiring an additional 96,241 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Peak Resorts by 40.4% during the 1st quarter. Wells Fargo & Company MN now owns 40,640 shares of the company’s stock worth $198,000 after acquiring an additional 11,700 shares in the last quarter. 45.66% of the stock is currently owned by institutional investors and hedge funds.

Peak Resorts Company Profile

Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.

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

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