How To Earn $500 A Month From Vail Resorts Stock After Q1 Earnings Report
Portfolio Pulse from Avi Kapoor
Vail Resorts, Inc. (NYSE:MTN) reported a Q1 loss of $4.60 per share, missing market estimates by $0.08, and sales of $258.56 million, below expectations of $271.01 million. Despite the earnings miss, the stock rose 4.1% to close at $225.87. The company pays a quarterly dividend of $2.06 per share, with an annual yield of 3.65%. To earn $500 monthly from dividends, an investment of approximately $164,433, or 728 shares, is needed.
December 11, 2023 | 1:58 pm
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NEUTRAL IMPACT
Vail Resorts reported lower-than-expected Q1 earnings and sales, but the stock price increased by 4.1%. The company offers a 3.65% dividend yield, translating to a quarterly dividend of $2.06 per share.
While Vail Resorts missed earnings and revenue estimates, the stock price still rose, indicating a potentially resilient investor sentiment. The dividend yield is attractive, but the earnings miss could be a concern for future dividend sustainability. The short-term impact is neutral as the positive price action may balance the negative earnings report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100