Streetbeat News

MTN

Vail Resorts, Inc.

https://www.vailresorts.com

Industry

Gambling, Resorts & Casinos

Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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. The Lodging segment owns and/or manages various luxury hotels and condominiums, and other lodging properties under the RockResorts brand; various condominiums located in proximity to the company's mountain resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates owned and managed hotel and condominium units. The Real Estate segment owns, develops, and sells real estate properties. The company was incorporated in 1997 and is based in Broomfield, Colorado.

Open

178.44

Mkt cap

6.6B

Volume

400K

High

178.45

P/E Ratio

28.99

52-wk high

236.92

Low

173.59

Div yield

0.05

52-wk low

165.00

Mizuho analyst Ben Chaiken maintains a Buy rating on Vail Resorts (NYSE:MTN) but lowers the price target from $256 to $231.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 11:35 am

Braze, Inc. (NASDAQ:BRZE) shares surged 14.3% in pre-market trading after reporting better-than-expected first-quarter earnings. Other notable pre-market movers include Venus Concept Inc. (NASDAQ:VERO), Versus Systems Inc. (NASDAQ:VS), GameStop Corp. (NYSE:GME), and Geron Corporation (NASDAQ:GERN). On the losing side, Biomea Fusion, Inc. (NASDAQ:BMEA) shares plummeted 59.2% after an FDA clinical hold notice.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 9:17 am

Key stocks to watch today include J.Jill, Vail Resorts, Graham Corporation, DocuSign, and Zumiez. J.Jill is expected to report strong earnings, Vail Resorts missed earnings estimates, Graham Corporation is anticipated to post modest earnings, DocuSign exceeded earnings expectations and increased its stock repurchase program, and Zumiez posted positive results but provided a cautious outlook.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 6:39 am

Vail Resorts Inc (NYSE:MTN) shares fell in after-hours trading following the release of its fiscal Q3 earnings. The company reported revenue of $1.28 billion, missing estimates of $1.3 billion, and EPS of $9.54, below the expected $10.03. Despite a 3.6% year-over-year revenue increase, the company cut its forward guidance for full-year 2024 due to lower-than-expected lift ticket visitation and reduced demand at its Australian resorts.

Portfolio Pulse from Adam Eckert

June 06, 2024 | 8:41 pm

Vail Resorts shares are trading lower after the company reported worse-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:33 pm

The article highlights the performance of various consumer discretionary stocks during Thursday's after-market session. Notable gainers include Genius Group, Sypris Solutions, Nerdy, Kaixin Holdings, Purple Innovation, and Revolve Group. On the losing side, Boqii Holding, Barnes & Noble Education, Tilly's, Jiuzi Holdings, Vail Resorts, and BARK saw declines.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 8:31 pm

Vail Resorts has updated its guidance for fiscal year 2024, projecting net income between $224 million and $256 million. The company expects Resort Reported EBITDA to be between $825 million and $843 million, including a negative contribution from the Crans-Montana acquisition. The guidance assumes stable economic conditions and normal weather patterns.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:17 pm

Vail Resorts (NYSE:MTN) reported Q3 earnings per share (EPS) of $9.54, missing the analyst consensus estimate of $10.03 by 4.89%. Quarterly sales were $1.28 billion, also missing the estimate of $1.30 billion by 1.31%. Despite the misses, EPS increased by 16.63% and sales by 3.63% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:14 pm

US stock futures show caution after a strong Wednesday, with positive earnings news and hopes for ECB rate cuts. Nvidia led tech gains, while analysts warn of potential summer volatility. Key economic data releases are expected, and several companies report earnings.

Portfolio Pulse from Shanthi Rexaline

June 06, 2024 | 11:24 am

Vail Resorts (NYSE:MTN) has seen a 4.75% increase in its short percent of float, now at 7.72%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 16.33%. Traders should be aware of the increased short interest.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 7:45 pm

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