Revenue Update on Vail Resorts(NYSE:MTN)

Vail Resorts(NYSE:MTN) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jun 9, 2016. Company reported revenue of $647.47M. Analysts estimated a revenue of $651.15M. Earnings per share were $4.23. Analysts had estimated an EPS of $4.19.

In a different note, Sterne Agee CRT said it Initiates Coverage on Vail Resorts, according to a research note issued on Apr 7, 2016. The shares have been rated ‘Buy’ by the firm. On Mar 17, 2016, Stephens & Co. said it Maintains its rating on Vail Resorts. In the research note, the firm Raises the price-target to $135.00 per share. The shares have been rated ‘Overweight’ by the firm.

Several Insider Transactions has been reported to the SEC. On Dec 16, 2015, Roland A Hernandez (director) sold 2,809 shares at $128.02 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *