Vail Resorts (MTN) reported quarterly earnings results on Thursday, Jun-9-2016. The company said it had a profit of $4.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $4.16. The company posted revenue of $647.50 million in the period, compared to analysts expectations of $652.41 million. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.56 EPS.
Many Wall Street Analysts have commented on Vail Resorts. Vail Resorts was Initiated by Sterne Agee CRT to “Buy” on Apr 7, 2016. Company shares were Reiterated by MKM Partners on Mar 16, 2016 to “Buy”, Firm has raised the Price Target to $ 147 from a previous price target of $135 .
Vail Resorts opened for trading at $133.94 and hit $135.83 on the upside on Tuesday, eventually ending the session at $135.43, with a gain of 1.57% or 2.09 points. The heightened volatility saw the trading volume jump to 3,65,692 shares. Company has a market cap of $4,910 M.
In a different news, on Dec 16, 2015, Roland A Hernandez (director) sold 2,809 shares at $128.02 per share price. According to the SEC, on Dec 11, 2015, Mark L Schoppet (SVP, Controller & CAO) sold 10,949 shares at $127.92 per share price. On Jun 16, 2015, Blaise Carrig (President – Mountain Division) sold 10,078 shares at $105.29 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company’s Lodging segment owns and/or manages a collection of luxury hotels under RockResorts brand as well as other lodging properties and a range of condominiums located in proximity to its mountain resorts certain National Park Service (NPS) concessionaire properties including Grand Teton Lodge Company (GTLC) which operates destination resorts at Grand Teton National Park; Colorado Mountain Express (CME) a Colorado resort ground transportation company and mountain resort golf courses. The Company’s Real Estate segment owns and develops real estate in and around its resort communities.