Wall Street analysts expect that Vail Resorts, Inc. (NYSE:MTN) will announce sales of $956.68 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Vail Resorts’ earnings, with the lowest sales estimate coming in at $926.93 million and the highest estimate coming in at $974.40 million. Vail Resorts reported sales of $844.49 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The company is expected to issue its next quarterly earnings results on Thursday, June 6th.
On average, analysts expect that Vail Resorts will report full year sales of $2.26 billion for the current fiscal year, with estimates ranging from $2.24 billion to $2.30 billion. For the next year, analysts anticipate that the company will post sales of $2.41 billion, with estimates ranging from $2.36 billion to $2.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Vail Resorts.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.79 by $0.23. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The firm had revenue of $849.60 million for the quarter, compared to analyst estimates of $841.76 million. During the same quarter last year, the company posted $4.12 earnings per share. The business’s revenue was up 15.7% on a year-over-year basis.
In related news, EVP David T. Shapiro sold 5,312 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $213.51, for a total transaction of $1,134,165.12. Following the completion of the transaction, the executive vice president now directly owns 4,573 shares in the company, valued at approximately $976,381.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $216.47, for a total value of $216,470.00. Following the transaction, the director now owns 8,372 shares of the company’s stock, valued at $1,812,286.84. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Vail Resorts by 5.9% during the 1st quarter. BlackRock Inc. now owns 2,491,909 shares of the company’s stock worth $541,493,000 after purchasing an additional 137,749 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Vail Resorts by 51.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,563,580 shares of the company’s stock worth $339,766,000 after purchasing an additional 530,235 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Vail Resorts by 1.7% in the 1st quarter. William Blair Investment Management LLC now owns 990,320 shares of the company’s stock valued at $215,197,000 after acquiring an additional 16,322 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Vail Resorts by 26.9% in the 1st quarter. Wells Fargo & Company MN now owns 875,639 shares of the company’s stock valued at $190,276,000 after acquiring an additional 185,758 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Vail Resorts by 19.9% during the 4th quarter. Jennison Associates LLC now owns 561,557 shares of the company’s stock valued at $118,387,000 after buying an additional 93,183 shares during the period. Hedge funds and other institutional investors own 96.70% of the company’s stock.
Shares of NYSE MTN traded down $1.53 during midday trading on Friday, reaching $216.88. 7,449 shares of the company were exchanged, compared to its average volume of 434,333. Vail Resorts has a 1 year low of $179.60 and a 1 year high of $302.76. The firm has a market cap of $8.78 billion, a P/E ratio of 34.40, a P/E/G ratio of 2.10 and a beta of 0.66. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 0.80.
About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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