Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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. The Lodging segment owns and/or manages various luxury hotels and condominiums, and other lodging properties under the RockResorts brand; various condominiums located in proximity to the company's mountain resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates owned and managed hotel and condominium units. The Real Estate segment owns, develops, and sells real estate properties. The company was incorporated in 1997 and is based in Broomfield, Colorado.
Vail Resorts Trading Down 0.4 %
Shares of MTN traded down $0.97 during trading hours on Thursday, hitting $240.13. 193,679 shares of the stock were exchanged, compared to its average volume of 414,064. The firm has a market capitalization of $9.67 billion, a P/E ratio of 31.31 and a beta of 1.19. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.22 and a quick ratio of 2.11. Vail Resorts has a fifty-two week low of $206.03 and a fifty-two week high of $376.24. The business has a 50-day moving average of $230.65 and a 200-day moving average of $247.73.
Vail Resorts (NYSE:MTN - Get Rating) last issued its quarterly earnings results on Thursday, June 9th. The company reported $9.16 earnings per share for the quarter, missing analysts' consensus estimates of $9.17 by ($0.01). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Vail Resorts had a return on equity of 17.18% and a net margin of 12.82%. The business's revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.71 earnings per share. On average, research analysts expect that Vail Resorts will post 8.4 EPS for the current year.
Vail Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 12th. Shareholders of record on Monday, June 27th were paid a $1.91 dividend. This represents a $7.64 annualized dividend and a yield of 3.18%. The ex-dividend date was Friday, June 24th. Vail Resorts's dividend payout ratio (DPR) is presently 99.22%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on MTN shares. Credit Suisse Group raised their price objective on Vail Resorts from $379.00 to $383.00 and gave the company an "outperform" rating in a report on Friday, June 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $302.00 to $301.00 in a report on Friday, June 10th. Barclays initiated coverage on shares of Vail Resorts in a research report on Tuesday, June 28th. They set an "underweight" rating and a $217.00 target price on the stock. KeyCorp set a $300.00 price target on shares of Vail Resorts in a research report on Tuesday, July 19th. Finally, Truist Financial lifted their price target on shares of Vail Resorts from $278.00 to $281.00 and gave the stock a "hold" rating in a report on Friday, June 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $295.71.