Vail Resorts, Inc. Plans Quarterly Dividend of $2.22 (NYSE:MTN)

Vail Resorts, Inc. (NYSE:MTNGet Free Report) announced a quarterly dividend on Thursday, June 6th, NASDAQ reports. Shareholders of record on Tuesday, June 25th will be paid a dividend of 2.22 per share on Wednesday, July 10th. This represents a $8.88 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Tuesday, June 25th.

Vail Resorts has increased its dividend by an average of 67.3% annually over the last three years and has increased its dividend every year for the last 3 years. Vail Resorts has a payout ratio of 93.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Vail Resorts to earn $9.28 per share next year, which means the company should continue to be able to cover its $8.88 annual dividend with an expected future payout ratio of 95.7%.

Vail Resorts Trading Down 10.3 %

Shares of NYSE:MTN traded down $20.04 during midday trading on Friday, hitting $173.91. The company had a trading volume of 2,901,925 shares, compared to its average volume of 564,737. The firm has a fifty day simple moving average of $205.22 and a 200 day simple moving average of $216.36. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.12 and a beta of 1.14. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37. Vail Resorts has a 12 month low of $165.14 and a 12 month high of $258.13.

Vail Resorts (NYSE:MTNGet Free Report) last issued its earnings results on Thursday, June 6th. The company reported $9.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. On average, analysts predict that Vail Resorts will post 7.54 EPS for the current year.

Insider Activity at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the transaction, the director now owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MTN has been the subject of several recent analyst reports. Mizuho lowered their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley lowered their price objective on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered Vail Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $217.00 to $176.00 in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $244.00 to $226.00 in a research note on Thursday. Finally, Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and a consensus price target of $232.56.

View Our Latest Research Report on Vail Resorts

Vail Resorts Company Profile

(Get Free Report)

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.

See Also

Dividend History for Vail Resorts (NYSE:MTN)

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