Zacks: Analysts Anticipate Vail Resorts, Inc. (MTN) to Announce -$1.82 EPS
Wall Street analysts expect Vail Resorts, Inc. (NYSE:MTN) to announce ($1.82) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Vail Resorts’ earnings, with the lowest EPS estimate coming in at ($1.96) and the highest estimate coming in at ($1.75). Vail Resorts reported earnings per share of ($1.80) during the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The company is scheduled to report its next earnings report before the market opens on Thursday, September 28th.
According to Zacks, analysts expect that Vail Resorts will report full year earnings of $4.85 per share for the current year, with EPS estimates ranging from $4.58 to $5.02. For the next financial year, analysts expect that the firm will report earnings of $5.94 per share, with EPS estimates ranging from $5.54 to $6.24. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Vail Resorts.
A number of research firms have commented on MTN. Stifel Nicolaus reaffirmed a “hold” rating and set a $229.00 price objective on shares of Vail Resorts in a research note on Thursday, September 7th. Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Barclays PLC reaffirmed an “overweight” rating and set a $226.00 price objective on shares of Vail Resorts in a research note on Sunday, June 11th. BidaskClub raised shares of Vail Resorts from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $233.00 price objective (up from $207.50) on shares of Vail Resorts in a research note on Sunday, June 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $227.75.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank purchased a new stake in shares of Vail Resorts in the second quarter worth approximately $100,000. Commonwealth Bank of Australia lifted its position in shares of Vail Resorts by 284.5% in the second quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock worth $100,000 after purchasing an additional 367 shares in the last quarter. Strs Ohio purchased a new stake in shares of Vail Resorts in the second quarter worth approximately $105,000. SG Americas Securities LLC purchased a new stake in shares of Vail Resorts in the second quarter worth approximately $117,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Vail Resorts in the second quarter worth approximately $162,000. 96.80% of the stock is owned by institutional investors and hedge funds.
Vail Resorts (MTN) traded down 0.37% during trading on Monday, hitting $229.03. 33,503 shares of the stock were exchanged. Vail Resorts has a 12-month low of $151.60 and a 12-month high of $232.38. The firm has a market cap of $9.18 billion, a PE ratio of 44.58 and a beta of 0.53. The stock’s 50-day moving average price is $218.88 and its 200-day moving average price is $203.41.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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