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.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on MTN. Truist Financial increased 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. Credit Suisse Group increased their price target on shares of Vail Resorts from $379.00 to $383.00 and gave the stock an "outperform" rating in a report on Friday, June 10th. Barclays assumed coverage on shares of Vail Resorts in a report on Tuesday, June 28th. They set an "underweight" rating and a $217.00 price objective on the stock. KeyCorp set a $300.00 price objective on shares of Vail Resorts in a report on Tuesday, July 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $302.00 to $301.00 in a report on Friday, June 10th. One equities research 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $295.71.
Vail Resorts Price Performance
Shares of NYSE:MTN opened at $244.03 on Friday. The firm has a 50-day simple moving average of $230.06 and a 200-day simple moving average of $247.00. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 31.69 and a beta of 1.19. The company has a quick ratio of 2.11, a current ratio of 2.22 and a debt-to-equity ratio of 1.30. Vail Resorts has a 52 week low of $206.03 and a 52 week high of $376.24.
Vail Resorts (NYSE:MTN - Get Rating) last issued its earnings results on Thursday, June 9th. The company reported $9.16 EPS for the quarter, missing analysts' consensus estimates of $9.17 by ($0.01). The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Vail Resorts had a net margin of 12.82% and a return on equity of 17.18%. Vail Resorts's quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter last year, the company earned $6.71 earnings per share. On average, equities analysts predict that Vail Resorts will post 8.4 earnings per share for the current fiscal year.
Vail Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Investors of record on Monday, June 27th were given a dividend of $1.91 per share. This represents a $7.64 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Friday, June 24th. Vail Resorts's payout ratio is currently 99.22%.