Vail Resorts, Inc. (MTN) To Go Ex-Dividend on June 25th

Vail Resorts, Inc. (NYSE:MTN) announced a quarterly dividend on Thursday, June 6th, NASDAQ reports. Stockholders of record on Tuesday, June 25th will be paid a dividend of 2.22 per share on Wednesday, July 10th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Tuesday, June 25th.

Vail Resorts has increased its dividend by an average of 67.3% per year over the last three years. Vail Resorts has a payout ratio of 104.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Vail Resorts to earn $8.69 per share next year, which means the company may not be able to cover its $8.88 annual dividend with an expected future payout ratio of 102.2%.

Vail Resorts Trading Down 0.2 %

Shares of NYSE:MTN opened at $179.56 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. Vail Resorts has a 12-month low of $165.14 and a 12-month high of $254.78. The business has a 50 day moving average of $194.51 and a two-hundred day moving average of $213.04. The company has a market capitalization of $6.76 billion, a PE ratio of 24.43, a PEG ratio of 2.91 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. As a group, analysts forecast that Vail Resorts will post 6.62 EPS for the current year.

Analyst Ratings Changes

MTN has been the topic of a number of research reports. Mizuho decreased their price objective on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Barclays decreased their price target on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a research note on Friday, June 7th. Stifel Nicolaus dropped their price objective on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Morgan Stanley lowered their target price on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. Finally, Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $221.50.

Insider Activity

In related news, CFO Angela A. Korch bought 575 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $176.20 per share, for a total transaction of $101,315.00. Following the acquisition, the chief financial officer now owns 1,171 shares of the company’s stock, valued at $206,330.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.

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.