Vail Resorts (NYSE:MTN) Posts Earnings Results, Beats Expectations By $0.54 EPS

Vail Resorts (NYSE:MTN - Get Free Report) released its quarterly earnings results on Thursday. The company reported $10.54 EPS for the quarter, beating analysts' consensus estimates of $10.00 by $0.54, Zacks reports. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business's revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.54 EPS.

Vail Resorts Stock Down 3.0%

NYSE:MTN traded down $4.64 during trading hours on Friday, reaching $150.26. The company had a trading volume of 2,189,526 shares, compared to its average volume of 586,942. Vail Resorts has a twelve month low of $129.85 and a twelve month high of $199.45. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 1.93 and a beta of 0.91. The business's 50-day simple moving average is $145.63 and its two-hundred day simple moving average is $163.67.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.91%. The ex-dividend date is Tuesday, June 24th. Vail Resorts's dividend payout ratio is presently 130.21%.

Insider Activity

In other news, CFO Angela A. Korch acquired 185 shares of Vail Resorts stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now owns 2,956 shares of the company's stock, valued at approximately $472,960. The trade was a 6.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Vail Resorts

An institutional investor recently raised its position in Vail Resorts stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,235 shares of the company's stock after purchasing an additional 2,824 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.40% of Vail Resorts worth $23,721,000 as of its most recent SEC filing. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on MTN shares. Macquarie cut their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Truist Financial decreased their target price on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research report on Friday. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a research report on Friday. Barclays reaffirmed an "underweight" rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Finally, Mizuho increased their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $188.80.

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.