Vail Resorts, Inc. to Issue Quarterly Dividend of $2.22 (NYSE:MTN)

Key Points

• Vail Resorts, Inc. has declared a quarterly dividend of $2.22 per share, with an annualized dividend yield of 6.0%, to be paid on October 27th to shareholders recorded on October 9th.
• The company reports a dividend payout ratio of 109.5%, indicating it cannot fully cover its dividend through earnings alone, which raises concerns about its financial sustainability.
• Vail Resorts experienced a quarterly loss of ($5.08) earnings per share, missing analysts' estimates, with revenue of $271.29 million, slightly below expectations but up 2.2% compared to the same quarter last year.

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) declared a quarterly dividend on Monday, September 29th. Stockholders of record on Thursday, October 9th will be given a dividend of 2.22 per share on Monday, October 27th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, October 9th.

Vail Resorts has a dividend payout ratio of 109.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 0.4%

MTN stock opened at $148.33 on Tuesday. Vail Resorts has a 1-year low of $129.85 and a 1-year high of $199.45. The business has a fifty day moving average price of $153.46 and a 200-day moving average price of $152.60. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The stock has a market capitalization of $5.51 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.94 and a beta of 0.87.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.The business had revenue of $271.29 million during the quarter, compared to analysts' expectations of $272.87 million. During the same quarter in the prior year, the firm earned ($4.67) EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts forecast that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

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.

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