Vail Resorts Inc. (NYSE:mtn) declared a quarterly dividend on Monday, September 26th. Shareholders of record on Friday, October 7th will be given a dividend of 0.81 per share on Tuesday, October 25th. This represents a $3.24 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, October 5th.
Vail Resorts (NYSE:MTN) opened at 155.80 on Tuesday. The firm has a 50-day moving average price of $158.87 and a 200 day moving average price of $140.50. The firm has a market cap of $5.63 billion, a PE ratio of 40.20 and a beta of 0.70. Vail Resorts has a 12-month low of $100.50 and a 12-month high of $162.95.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing analysts’ consensus estimates of ($1.67) by $0.13. Vail Resorts had a return on equity of 17.68% and a net margin of 9.15%. The business had revenue of $179.88 million for the quarter. During the same period in the prior year, the firm earned ($1.92) EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Vail Resorts will post $4.14 EPS for the current year.
A number of equities analysts recently commented on the company. MKM Partners set a $180.00 price target on Vail Resorts and gave the stock a “buy” rating in a report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price objective on Vail Resorts and gave the stock a “buy” rating in a report on Monday, September 12th. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Wednesday, August 24th. KeyCorp boosted their price objective on Vail Resorts from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, August 23rd. Finally, Janney Montgomery Scott restated a “buy” rating and set a $170.00 price objective (up previously from $153.00) on shares of Vail Resorts in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Vail Resorts currently has a consensus rating of “Buy” and a consensus price target of $151.45.
A number of hedge funds and other institutional investors have recently made changes to their positions in MTN. Pacer Advisors Inc. increased its position in shares of Vail Resorts by 502.4% in the second quarter. Pacer Advisors Inc. now owns 1,271 shares of the company’s stock valued at $176,000 after buying an additional 1,060 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $223,000. Wall Street Associates purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $228,000. Capstone Investment Advisors LLC purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $248,000. Finally, Miles Capital Inc. increased its position in shares of Vail Resorts by 1.5% in the second quarter. Miles Capital Inc. now owns 2,010 shares of the company’s stock valued at $278,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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