Vail Resorts (NYSE:MTN) Issues Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Vail Resorts (NYSE:MTN) issued its quarterly earnings results on Monday. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16), FiscalAI reports. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.

Vail Resorts Stock Up 1.0%

Shares of NYSE MTN traded up $1.35 during trading on Monday, hitting $136.72. The stock had a trading volume of 1,387,383 shares, compared to its average volume of 839,635. The company has a market capitalization of $4.87 billion, a PE ratio of 22.30, a PEG ratio of 11.52 and a beta of 0.72. The firm has a fifty day moving average of $127.96 and a two-hundred day moving average of $135.32. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.62 and a quick ratio of 0.51. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $172.00.

Insider Activity at Vail Resorts

In related news, CEO Robert A. Katz purchased 37,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the purchase, the chief executive officer directly owned 285,312 shares in the company, valued at approximately $37,606,974.72. This trade represents a 15.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Angela A. Korch purchased 190 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were bought at an average price of $131.85 per share, with a total value of $25,051.50. Following the purchase, the chief financial officer owned 5,539 shares in the company, valued at $730,317.15. The trade was a 3.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

Several large investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Vail Resorts by 52.4% during the 4th quarter. Invesco Ltd. now owns 100,550 shares of the company’s stock worth $13,353,000 after purchasing an additional 34,555 shares during the last quarter. Corient Private Wealth LLC boosted its position in Vail Resorts by 7.2% during the fourth quarter. Corient Private Wealth LLC now owns 458,397 shares of the company’s stock worth $60,875,000 after purchasing an additional 30,925 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Vail Resorts by 122.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,309 shares of the company’s stock worth $838,000 after purchasing an additional 3,475 shares during the period. XTX Topco Ltd bought a new position in Vail Resorts during the fourth quarter worth about $2,882,000. Finally, SummitTX Capital L.P. boosted its position in Vail Resorts by 9.4% during the fourth quarter. SummitTX Capital L.P. now owns 8,593 shares of the company’s stock worth $1,141,000 after purchasing an additional 736 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

MTN has been the topic of a number of analyst reports. Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. BNP Paribas Exane restated an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Wells Fargo & Company initiated coverage on shares of Vail Resorts in a report on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Finally, Mizuho reduced their target price on shares of Vail Resorts from $200.00 to $191.00 and set an “outperform” rating for the company in a research note on Monday. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $161.00.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.