Vail Resorts (NYSE:MTN) Posts Earnings Results, Misses Expectations By $0.39 EPS

Vail Resorts (NYSE:MTN) announced its earnings results on Thursday. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39), Briefing.com reports. The company had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. Vail Resorts’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($3.35) earnings per share.

Vail Resorts Stock Performance

Shares of MTN stock opened at $180.61 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. Vail Resorts has a 12 month low of $165.14 and a 12 month high of $242.47. The company’s fifty day simple moving average is $179.54 and its 200-day simple moving average is $191.96. The firm has a market cap of $6.79 billion, a PE ratio of 24.58, a P/E/G ratio of 2.56 and a beta of 1.14.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.92%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s payout ratio is 120.82%.

Analyst Ratings Changes

Several equities research analysts have recently commented on MTN shares. Mizuho lowered their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Morgan Stanley increased their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday. Stifel Nicolaus cut their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $217.00 to $176.00 in a report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $211.75.

About Vail Resorts

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.