Vail Resorts, Inc. (MTN) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Vail Resorts, Inc. (NYSE:MTN) released its quarterly earnings data on Friday. The company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.45 by $0.18. Vail Resorts had a return on equity of 13.81% and a net margin of 9.14%. The firm earned $725.20 million during the quarter, compared to the consensus estimate of $708.73 million. During the same period last year, the business posted $3.14 EPS. Vail Resorts’s quarterly revenue was up 21.0% on a year-over-year basis.

Shares of Vail Resorts (NYSE:MTN) traded down 0.70% during midday trading on Friday, reaching $189.84. The company’s stock had a trading volume of 257,729 shares. The stock has a market capitalization of $7.60 billion, a PE ratio of 40.80 and a beta of 0.47. Vail Resorts has a 12 month low of $124.00 and a 12 month high of $194.05. The stock’s 50 day moving average is $182.37 and its 200 day moving average is $166.00.

Earnings History for Vail Resorts (NYSE:MTN)

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Wednesday, March 29th will be issued a dividend of $1.053 per share. This represents a $4.21 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Monday, March 27th. This is a boost from Vail Resorts’s previous quarterly dividend of $0.81. Vail Resorts’s dividend payout ratio is 83.72%.

Several research firms recently weighed in on MTN. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $209.00 price objective for the company in a research note on Wednesday, March 15th. Wells Fargo & Co raised their price objective on Vail Resorts to $215.00 in a research note on Monday, March 13th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $188.00 price objective (up from $170.00) on shares of Vail Resorts in a research note on Monday, December 12th. Finally, Stifel Nicolaus raised their price objective on Vail Resorts from $181.00 to $205.00 and gave the company a “hold” rating in a research note on Monday, March 13th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Vail Resorts currently has an average rating of “Buy” and an average target price of $191.94.

In other news, Director John F. Sorte sold 6,082 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $186.98, for a total transaction of $1,137,212.36. Following the completion of the transaction, the director now directly owns 56,362 shares in the company, valued at $10,538,566.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.60% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of Vail Resorts during the third quarter worth $32,843,000. State Street Corp raised its position in shares of Vail Resorts by 3.2% in the fourth quarter. State Street Corp now owns 532,673 shares of the company’s stock worth $85,928,000 after buying an additional 16,706 shares during the period. Emerald Acquisition Ltd. raised its position in shares of Vail Resorts by 21.9% in the third quarter. Emerald Acquisition Ltd. now owns 106,617 shares of the company’s stock worth $16,718,000 after buying an additional 19,148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vail Resorts by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,122 shares of the company’s stock worth $176,000 after buying an additional 132 shares during the period. Finally, Latimer Light Capital L.P. acquired a new position in shares of Vail Resorts during the third quarter worth $13,802,000. Institutional investors and hedge funds own 93.34% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was reported by Web Breaking News and is owned by of Web Breaking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at http://www.webbreakingnews.com/2017/03/13/vail-resorts-inc-mtn-announces-earnings-results-beats-expectations-by-0-26-eps.html.

Vail Resorts Company Profile

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.

5 Day Chart for NYSE:MTN

Receive News & Ratings for Vail Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.