Vail Resorts (MTN) Scheduled to Post Quarterly Earnings on Friday
Vail Resorts (NYSE:MTN) will be issuing its quarterly earnings data before the market opens on Friday, September 28th. Analysts expect the company to announce earnings of ($2.31) per share for the quarter.
MTN opened at $288.99 on Wednesday. Vail Resorts has a 1 year low of $200.68 and a 1 year high of $302.76. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 55.40 and a beta of 0.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 1.04.
Several research firms have issued reports on MTN. Macquarie downgraded Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price target on the stock. in a research note on Wednesday, September 5th. They noted that the move was a valuation call. ValuEngine downgraded Vail Resorts from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 price target on the stock in a research note on Friday, July 13th. Berenberg Bank began coverage on Vail Resorts in a research note on Wednesday, June 20th. They issued a “hold” rating and a $300.00 price target on the stock. Finally, Barclays lifted their price target on Vail Resorts from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 11th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $288.80.
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.
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