Vail Resorts (NYSE:MTN) Posts Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Vail Resorts exceeded quarterly expectations: It reported an adjusted loss of $5.34 per share, beating estimates by $0.01, while revenue of $278.07 million surpassed the $269.30 million consensus forecast.
• Shares rose 1.4% to $138.02 following the earnings release. The stock remains below its 50-day moving average of $144.07 but above its 200-day average of $136.90.
• Analyst sentiment is mixed, with an overall “Hold” rating: Four analysts rate the stock a Buy, eight a Hold and three a Sell, with a consensus price target of $147.46.

Vail Resorts (NYSE:MTN - Get Free Report) issued its quarterly earnings data on Monday. The company reported ($5.34) EPS for the quarter, topping the consensus estimate of ($5.35) by $0.01, FiscalAI reports. The firm had revenue of $278.07 million for the quarter, compared to analyst estimates of $269.30 million. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%.

Vail Resorts Stock Up 1.4%

Shares of Vail Resorts stock traded up $1.91 on Monday, reaching $138.02. 1,517,757 shares of the company were exchanged, compared to its average volume of 813,932. The stock's 50 day moving average price is $144.07 and its 200-day moving average price is $136.90. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. Vail Resorts has a 1-year low of $118.51 and a 1-year high of $163.34. The company has a market cap of $4.92 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 9.44 and a beta of 0.69.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MTN. Stifel Nicolaus dropped their target price on shares of Vail Resorts from $167.00 to $161.00 and set a "buy" rating for the company in a report on Thursday. Weiss Ratings lowered Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, September 14th. JPMorgan Chase & Co. lifted their price objective on Vail Resorts from $124.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, June 9th. BNP Paribas Exane downgraded Vail Resorts from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $151.00 to $135.00 in a report on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Vail Resorts from $134.00 to $138.00 and gave the stock a "hold" rating in a research note on Friday, September 18th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Vail Resorts has an average rating of "Hold" and a consensus target price of $147.46.

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort company that operates a portfolio of ski and summer resorts, primarily in the United States, Canada and Australia. Its properties offer skiing, snowboarding and other outdoor recreational activities, along with lodging, dining, retail, equipment rentals, lessons and related guest services.

The company's resort portfolio includes well-known destinations such as Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Whistler Blackcomb in British Columbia; and Perisher in New South Wales, Australia.

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