Vail Resorts (MTN) Set to Announce Quarterly Earnings on Friday
Vail Resorts (NYSE:MTN) is scheduled to be posting its quarterly earnings results before the market opens on Friday, December 7th. Analysts expect Vail Resorts to post earnings of ($2.44) per share for the quarter.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Friday, September 28th. The company reported ($2.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.26) by $0.19. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The business had revenue of $211.60 million during the quarter, compared to analysts’ expectations of $211.60 million. During the same period in the previous year, the business posted ($1.43) earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts expect Vail Resorts to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Vail Resorts stock opened at $269.61 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.76. Vail Resorts has a 12-month low of $200.68 and a 12-month high of $302.76. The stock has a market capitalization of $11.30 billion, a P/E ratio of 42.86 and a beta of 0.53.
In related news, EVP Kirsten A. Lynch sold 9,078 shares of Vail Resorts stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total value of $2,388,058.68. Following the completion of the sale, the executive vice president now directly owns 34,641 shares in the company, valued at $9,112,661.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter A. Vaughn sold 400 shares of Vail Resorts stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $254.59, for a total value of $101,836.00. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
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 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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