Zacks Research Comments on Vail Resorts, Inc.’s FY2024 Earnings (NYSE:MTN)

Vail Resorts, Inc. (NYSE:MTN) – Analysts at Zacks Research lifted their FY2024 earnings estimates for Vail Resorts in a research report issued to clients and investors on Monday, September 23rd. Zacks Research analyst H. Ray now expects that the company will earn $6.48 per share for the year, up from their previous estimate of $6.46. The consensus estimate for Vail Resorts’ current full-year earnings is $6.46 per share. Zacks Research also issued estimates for Vail Resorts’ FY2025 earnings at $8.96 EPS and FY2026 earnings at $9.59 EPS.

Several other equities analysts also recently weighed in on MTN. Morgan Stanley reduced their target price on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, June 7th. Stifel Nicolaus reiterated a “buy” rating and set a $223.00 price objective (down from $259.00) on shares of Vail Resorts in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Barclays reduced their target price on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th. Finally, JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $213.00.

Vail Resorts Stock Up 0.8 %

MTN stock opened at $186.50 on Tuesday. The stock has a market cap of $7.02 billion, a P/E ratio of 25.37, a P/E/G ratio of 2.38 and a beta of 1.14. 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 1-year low of $165.14 and a 1-year high of $244.34. The stock’s fifty day simple moving average is $179.26 and its two-hundred day simple moving average is $192.61.

Institutional Investors Weigh In On Vail Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in Vail Resorts in the 2nd quarter worth $4,010,000. Dana Investment Advisors Inc. purchased a new position in shares of Vail Resorts during the 2nd quarter valued at about $1,739,000. Aurora Investment Counsel increased its holdings in Vail Resorts by 24.6% in the 2nd quarter. Aurora Investment Counsel now owns 12,812 shares of the company’s stock worth $2,308,000 after acquiring an additional 2,532 shares in the last quarter. Regal Investment Advisors LLC raised its stake in Vail Resorts by 23.9% during the 2nd quarter. Regal Investment Advisors LLC now owns 1,406 shares of the company’s stock worth $253,000 after acquiring an additional 271 shares during the period. Finally, Algert Global LLC purchased a new position in Vail Resorts during the second quarter valued at approximately $689,000. Hedge funds and other institutional investors own 94.94% 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.