Vail Resorts, Inc. (MTN) to Issue Quarterly Dividend of $2.22 on April 10th

Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Thursday, March 27th will be given a dividend of 2.22 per share on Thursday, April 10th. This represents a $8.88 annualized dividend and a yield of 5.36%. The ex-dividend date is Thursday, March 27th.

Vail Resorts has increased its dividend payment by an average of 71.5% per year over the last three years. Vail Resorts has a dividend payout ratio of 106.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vail Resorts to earn $8.25 per share next year, which means the company may not be able to cover its $8.88 annual dividend with an expected future payout ratio of 107.6%.

Vail Resorts Stock Up 7.9 %

MTN opened at $165.76 on Wednesday. The business has a 50 day moving average price of $168.46 and a 200 day moving average price of $175.96. Vail Resorts has a twelve month low of $151.99 and a twelve month high of $233.57. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The firm has a market cap of $6.21 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned $5.76 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts forecast that Vail Resorts will post 7.62 EPS for the current year.

Analyst Upgrades and Downgrades

MTN has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Barclays reiterated an “underweight” rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a report on Monday. UBS Group initiated coverage on Vail Resorts in a report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target for the company. Truist Financial cut their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Finally, Mizuho cut their price target on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $194.67.

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.