Vail Resorts (NYSE:MTN) Posts Earnings Results, Beats Estimates By $0.27 EPS

Vail Resorts (NYSE:MTN) issued its earnings results on Monday. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27, Briefing.com reports. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $5.76 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis.

Vail Resorts Trading Down 2.2 %

Shares of NYSE MTN traded down $3.45 during midday trading on Monday, reaching $154.06. 1,105,260 shares of the stock were exchanged, compared to its average volume of 552,673. The stock has a 50 day moving average price of $169.61 and a 200-day moving average price of $176.19. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The company has a market capitalization of $5.77 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.93 and a beta of 1.12. Vail Resorts has a 52-week low of $149.14 and a 52-week high of $233.57.

Analysts Set New Price Targets

MTN has been the subject of several research analyst reports. Mizuho increased their price objective on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Macquarie increased their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. UBS Group initiated coverage on Vail Resorts in a research note on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target for the company. Finally, Barclays reaffirmed an “underweight” rating on shares of Vail Resorts in a report on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vail Resorts has an average rating of “Hold” and a consensus price target of $199.44.

Vail Resorts Company Profile

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.