FY2024 EPS Estimates for Vail Resorts, Inc. (NYSE:MTN) Boosted by Zacks Research

Vail Resorts, Inc. (NYSE:MTN) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of Vail Resorts in a research note issued to 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 forecast 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 brokerages have also recently issued reports on MTN. Mizuho decreased their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. JPMorgan Chase & Co. cut Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Stifel Nicolaus restated a “buy” rating and issued a $223.00 price target (down from $259.00) on shares of Vail Resorts in a research report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Finally, Morgan Stanley dropped their price target 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and a consensus price target of $213.00.

Vail Resorts Trading Up 0.8 %

MTN stock opened at $186.50 on Tuesday. The firm has a fifty day moving average price of $179.26 and a 200 day moving average price of $192.61. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $244.34. The firm has a market cap of $7.02 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Vail Resorts by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 259,239 shares of the company’s stock worth $55,347,000 after purchasing an additional 6,336 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Vail Resorts by 11.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,631 shares of the company’s stock valued at $2,483,000 after acquiring an additional 1,176 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Vail Resorts during the 4th quarter valued at approximately $89,000. Intech Investment Management LLC boosted its holdings in Vail Resorts by 77.6% during the fourth quarter. Intech Investment Management LLC now owns 3,150 shares of the company’s stock worth $672,000 after buying an additional 1,376 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Vail Resorts by 3.6% during the fourth quarter. Hsbc Holdings PLC now owns 42,151 shares of the company’s stock valued at $9,000,000 after buying an additional 1,467 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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.