Vail Resorts Inc. (MTN) Scheduled to Post Quarterly Earnings on Monday
Vail Resorts Inc. (NYSE:MTN) will issue its Q416 quarterly earnings data on Monday, September 26th. Analysts expect the company to announce earnings of ($1.67) per share and revenue of $171.36 million for the quarter.
Shares of Vail Resorts Inc. (NYSE:MTN) opened at 161.96 on Friday. The stock has a 50 day moving average of $158.05 and a 200-day moving average of $139.96. Vail Resorts Inc. has a 1-year low of $100.50 and a 1-year high of $162.95. The firm has a market capitalization of $5.86 billion, a P/E ratio of 41.79 and a beta of 0.70.
Several equities research analysts have commented on MTN shares. KeyCorp upped their price objective on shares of Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, August 23rd. MKM Partners set a $180.00 price objective on shares of Vail Resorts and gave the company a “buy” rating in a report on Tuesday. Credit Suisse Group AG set a $153.00 price objective on shares of Vail Resorts and gave the company a “buy” rating in a report on Monday, September 12th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $153.00 price objective (up from $150.00) on shares of Vail Resorts in a report on Friday, June 10th. Finally, Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $151.45.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/23/vail-resorts-inc-mtn-scheduled-to-post-quarterly-earnings-on-monday.html
A number of hedge funds have recently modified their holdings of the company. Pine River Capital Management L.P. purchased a new stake in shares of Vail Resorts during the second quarter valued at about $7,188,000. National Asset Management Inc. purchased a new stake in shares of Vail Resorts during the second quarter valued at about $527,000. Cubist Systematic Strategies LLC raised its stake in shares of Vail Resorts by 956.8% in the second quarter. Cubist Systematic Strategies LLC now owns 16,433 shares of the company’s stock valued at $2,272,000 after buying an additional 14,878 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Vail Resorts during the second quarter valued at about $1,431,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Vail Resorts during the second quarter valued at about $248,000. 98.48% of the stock is owned by institutional investors and hedge funds.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
Receive News & Ratings for Vail Resorts Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Vail Resorts Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.