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

Vail Resorts Inc (NYSE:MTN) is set to acquire an 84% stake in Crans-Montana Mountain Resort in Switzerland from CPI Property Group. The deal includes an 80% stake in SportLife AG and 100% of 11 restaurants. The resort boasts 1,400 meters of vertical terrain and 140 kilometers of trails. The transaction, valued at CHF 118.5 million, is expected to close during the 2023-24 ski season, with the resort anticipated to generate CHF 5 million EBITDA in fiscal 2025. Vail Resorts had $562.9 million in cash as of July 1, 2023. MTN shares closed at $215.22, down 0.49% on Wednesday.

Portfolio Pulse from Shivani Kumaresan

November 30, 2023 | 10:40 am

Vail Resorts (NYSE:MTN) has announced a quarterly dividend of $2.06 per share. The ex-dividend date is Monday, meaning the stock will likely open $2.06 lower to reflect the payout. Shareholders who own MTN as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 26, 2023.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:45 pm

Vail Resorts reported its Q4 financial results, which led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 3:43 pm

Several US stocks recorded losses on Friday despite the Nasdaq Composite gaining around 1%. Notable decliners include Corcept Therapeutics, Lifezone Metals, Syndax Pharmaceuticals, Opera Limited, Greenfire Resources, LanzaTech Global, Uranium Energy, Fathom Digital Manufacturing, Curis, Allogene Therapeutics, Badger Meter, Shengfeng Development, TG Therapeutics, Vail Resorts, and Carnival Corporation.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 2:58 pm

Over the past 3 months, 5 analysts have published their opinion on Vail Resorts (NYSE:MTN) stock. The average price target for the stock is $277.2, an increase of 8.57% from the previous average price target of $255.33. The analysts' ratings are mixed with 2 bullish and 3 indifferent.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 2:00 pm

Morgan Stanley analyst Megan Alexander has maintained an Equal-Weight rating on Vail Resorts (NYSE:MTN) and raised the price target from $272 to $276.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:32 pm

Carnival Corporation, Nike, Genius Group Limited, Vail Resorts, and Madrigal Pharmaceuticals are the stocks to watch heading into Friday. Carnival is expected to report quarterly earnings of 75 cents per share on revenue of $6.69 billion. Nike posted upbeat earnings for its first quarter, but sales missed expectations. Genius Group is expected to post first half 2023 financial results. Vail Resorts posted weaker-than-expected sales for its fourth quarter. Madrigal Pharmaceuticals reported pricing of $500 million public offering.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 8:35 am

Vail Resorts, Inc. (NYSE:MTN) reported Q4 losses of $3.35 per share, a 24.07% decrease from the same period last year. The company also missed the analyst consensus estimate for quarterly sales, reporting $269.77 million against the expected $283.20 million. Despite these results, the company expects a net income attributable between $316 million and $394 million for the full year 2024. Shares of MTN were down 0.52% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

September 28, 2023 | 8:54 pm

Vail Resorts anticipates a net loss of between $191M and $168M for Q1. However, the company forecasts a net income of $316M-$394M for FY24.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:11 pm

Vail Resorts (NYSE:MTN) reported Q4 losses of $(3.35) per share, a 24.07% decrease from the same period last year. Quarterly sales were $269.77 million, missing the analyst consensus estimate of $283.20 million by 4.74%, but a 0.99% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:07 pm

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