Vail Resorts (NYSE:MTN) Posts Earnings Results, Misses Expectations By $0.33 EPS

Key Points

• Vail Resorts reported a quarterly earnings per share (EPS) of ($5.08), missing analysts' expectations by $0.28.
• The company's stock has a market capitalization of $5.51 billion and has recently traded around $148.33 per share.
• Analysts have mixed ratings on Vail Resorts, with three recommending a Buy, five a Hold, and two a Sell.

Vail Resorts (NYSE:MTN - Get Free Report) released its quarterly earnings results on Monday. The company reported ($5.08) earnings per share for the quarter, missing analysts' consensus estimates of ($4.75) by ($0.33), Zacks reports. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.During the same quarter last year, the company posted ($4.67) EPS.

Vail Resorts Stock Performance

Shares of NYSE MTN traded up $0.59 during midday trading on Monday, reaching $148.33. 1,366,868 shares of the company traded hands, compared to its average volume of 670,671. The stock has a 50-day moving average price of $153.68 and a 200 day moving average price of $152.68. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.94 and a beta of 0.87. Vail Resorts has a 52 week low of $129.85 and a 52 week high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54.

Wall Street Analysts Forecast Growth

MTN has been the topic of several research analyst reports. UBS Group reduced their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Mizuho raised their target price on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $170.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, September 17th. Truist Financial cut their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, Morgan Stanley reiterated a "cautious" rating on shares of Vail Resorts in a research note on Friday. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $184.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock worth $27,000 after purchasing an additional 155 shares in the last quarter. State of Wyoming purchased a new position in Vail Resorts in the 2nd quarter worth about $64,000. Tower Research Capital LLC TRC increased its stake in Vail Resorts by 9.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,363 shares of the company's stock worth $214,000 after purchasing an additional 113 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Vail Resorts in the 2nd quarter worth about $378,000. Finally, Prudential Financial Inc. increased its stake in Vail Resorts by 24.1% in the 2nd quarter. Prudential Financial Inc. now owns 3,086 shares of the company's stock worth $525,000 after purchasing an additional 600 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

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.