Vail Resorts Inc. (NYSE:MTN) on Monday reported mixed results for the fourth quarter.
The company posted quarterly losses of $5.34 per share, which missed the analyst consensus estimate of losses of $5.23 per share. The company reported quarterly sales of $278.068 million, which beat the analyst consensus estimate of $271.626 million.
Rob Katz, Chief Executive Officer said, “This past winter was one of the most challenging winters in history across the western U.S. for the ski industry, which negatively impacted financial performance for the year. Conditions were particularly severe in the Rockies, where snowfall and snowpack were at or near historic lows and significantly below prior record-low seasons, resulting in the most difficult weather environment we have ever experienced. With that backdrop, this past year demonstrated the resilience of our business model and encouraging signs for the future. Our advanced commitment model and cost discipline provided considerable stability, and our investments in talent, technology and our resorts drove record guest satisfaction scores and strong employee engagement, which are critical measures of our success.”
Vail Resorts shares fell 1.2% to trade at $136.43 on Tuesday.
These analysts made changes to their price targets on Vail Resorts following earnings announcement.
- Stifel analyst Jeffrey Stantial maintained the stock with a Buy and lowered the price target from $161 to $157.
- Barclays analyst Brandt Montour maintained the stock with an Underweight rating and cut the price target from $119 to $117.
- Wells Fargo analyst Anthony Bonadio maintained the stock with an Equal-Weight rating and raised the price target from $125 to $130.
- Deutsche Bank analyst Chris Woronka maintained the stock with a Hold and lowered the price target from $138 to $132.
- Mizuho analyst Ben Chaiken maintained the stock with an Outperform rating and slashed the price target from $160 to $156.
Considering buying MTN stock? Here’s what analysts think:
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