Revenue Update on Peak Resorts Inc(NASDAQ:SKIS)

Peak Resorts Inc(NASDAQ:SKIS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jul 14, 2016. Company reported revenue of $45.48M. Analysts estimated a revenue of $43.16M. Earnings per share were $0.50. Analysts had estimated an EPS of $0.63.

In a different note, On May 26, 2016, Macquarie said it Upgrades its rating on Peak Resorts Inc. The shares have been rated ‘Outperform’ by the firm.

Peak Resorts Inc (SKIS) made into the market gainers list on Mondays trading session with the shares advancing 3.25% or 0.15 points. Due to strong positive momentum, the stock ended at $4.76, which is also near the day’s high of $4.8. The stock began the session at $4.65 and the volume stood at 22,694 shares. The 52-week high of the shares is $7.7 and the 52 week low is $2.78. The company has a current market capitalization of $67 M and it has 1,39,82,400 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 26, 2016, Christopher O’connor (director) purchased 183 shares at $3.99 per share price.Also, On Feb 26, 2016, Carl Kraus (director) purchased 168 shares at $3.99 per share price.

Peak Resorts Inc. is a holding company. The Company through its subsidiaries owns or leases and operates day ski and overnight drive ski resorts in the United States. As of April 30 2015 the Company operated 13 ski resorts including five overnight drive ski resorts and eight day ski resorts located across six states including Wildwood and Weston Missouri; Bellefontaine and Cleveland Ohio; Paoli Indiana; Blakeslee and Lake Harmony Pennsylvania; Bartlett Bennington and Pinkham Notch New Hampshire and West Dover Vermont. The Company also has an 18 hole golf course in West Dover Vermont. In addition it manages hotels in Bartlett New Hampshire and West Dover Vermont and operates a restaurant in Lake Harmony Pennsylvania. The Company’s ski resorts include Hidden Valley Snow Creek Paoli Peaks Mad River Boston Mills Brandywine Crotched Mountain Jack Frost Big Boulder Attitash Mount Snow Wildcat Mountain and Alpine Valley.

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