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 also 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.
IPO Year: 1997
Exchange: NYSE
Website: vailresorts.com
Date | Price Target | Rating | Analyst |
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6/7/2024 | $217.00 → $176.00 | Neutral → Underweight | JP Morgan |
3/26/2024 | $256.00 | Buy | Mizuho |
3/8/2024 | $285.00 → $250.00 | Buy → Neutral | BofA Securities |
9/27/2023 | $273.00 | Equal-Weight | Morgan Stanley |
9/26/2023 | $231.00 → $280.00 | Neutral | JP Morgan |
9/7/2023 | $263.00 → $290.00 | Hold → Buy | Truist |
9/5/2023 | $268.00 | Hold → Buy | Stifel |
6/29/2022 | $217.00 | Underweight | Barclays |
3/11/2022 | $331.00 → $309.00 | Hold | Deutsche Bank |
1/19/2022 | $345.00 → $314.00 | Neutral | JP Morgan |
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VAIL, Colo., Oct. 1, 2024 /PRNewswire/ -- The Town of Vail, Vail Resorts, and East West Partners today announced a partnership to develop the West Lionshead area into a fourth base village at Vail Mountain, the world's premier alpine destination. The new base village, planned in the location formerly designated for the Ever Vail project, will reinforce Vail Mountain's status as a world-class destination, and is anticipated to feature access to the resort's 5,317 acres of legendary terrain, plus new lodging, restaurants, boutiques, and skier services, as well as community benefits such as workforce housing, public spaces, transit, and parking.
BROOMFIELD, Colo., Sept. 26, 2024 /PRNewswire/ -- After 10 years of rapid expansion, Vail Resorts (NYSE:MTN), the world's largest mountain resort operator, today announced a two-year plan to transform the company for future growth and global expansion. Vail Resorts has expanded significantly over the past 10 years, from 10 owned and operated mountain resorts to 42 across four countries, more than doubling the size of the company's workforce. During that expansion, the company captured initial acquisition synergies in corporate support functions and through technology integrations, while investing more than $2 billion in the guest and employee experience and industry leading innovations. The
BROOMFIELD, Colo., Sept. 26, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) today reported results for the fourth quarter and fiscal year ended July 31, 2024 and reported results of season-to-date pass product sales. Vail Resorts also provided its outlook for the fiscal year ending July 31, 2025, announced a $100 million multi-year resource efficiency transformation plan, declared a dividend payable in October 2024 and announced share repurchases completed during the fourth quarter. Highlights Net income attributable to Vail Resorts, Inc. was $230.4 million for fiscal 2024 compared to net income attributable to Vail Resorts, Inc. of $268.1 million for fiscal 2023.Resort Reported EBITDA w
BROOMFIELD, Colo., Sept. 5, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) announced today it will release the Company's financial results for its fiscal year ended July 31, 2024 after market close on Thursday, September 26, 2024. The Company will host a conference call at 5:00 p.m. eastern time that same day during which Company executives will review the financial results. The call will be broadcast over the Internet at www.VailResorts.com. To listen to the call, go to the website and select the Investor Relations section. Those wishing to participate via telephone should dial (800) 579-2543 to be connected. Callers outside of the U.S. or Canada should dial +1 (785) 424-1789. The confe
Skiers and riders also invited to leave their gear at home this season and try My Epic Gear membership: Premium gear available slopeside BROOMFIELD, Colo., Aug. 14, 2024 /PRNewswire/ -- The best time to plan for winter is now, and your checklist to prepare for the ski and ride season is here. Skiers and riders who start planning now will lock in the best deals and experiences when visiting iconic mountain resorts like Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb and more. Here is Vail Resorts' checklist to start preparing now for the 2024/25 ski and ride
Guests can expect another winter season packed with experiences unique to Whistler Blackcomb, plus new Mobile Pass technology allowing guests to access the slopes from their phone WHISTLER, BC, Aug. 14, 2024 /CNW/ -- Whistler Blackcomb is set to open its dual mountains to skiers and riders on Friday, November 22 for the 2024/25 winter season, conditions permitting. The resort is looking forward to delivering another season of unparalleled mountain adventure to guests from the Sea to Ski Corridor, Lower Mainland, across Canada and around the world. Guests planning to visit Whistler Blackcomb can lock in the best deals and experiences by purchasing the Pass that works best for them – from sin
BROOMFIELD, Colo., June 6, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) today reported results for the third quarter of fiscal 2024 ended April 30, 2024, reported early season pass sales, updated fiscal 2024 guidance, and announced share repurchases completed during the quarter. Highlights Net income attributable to Vail Resorts, Inc. was $362.0 million for the third fiscal quarter of 2024 compared to net income attributable to Vail Resorts, Inc. of $325.0 million in the same period in the prior year.Resort Reported EBITDA was $654.4 million for the third quarter of fiscal 2024, which included $1.3 million of acquisition related expenses. In the same period in the prior year, Resort Re
BROOMFIELD, Colo., May 15, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) announced today it will release the Company's financial results for its fiscal third quarter 2024 ended April 30, 2024 after market close on Thursday, June 6, 2024. The Company will host a conference call at 5:00 p.m. eastern time that same day during which Company executives will review the financial results. The call will be broadcast over the Internet at www.VailResorts.com. To listen to the call, go to the website and select the Investor Relations section. Those wishing to participate via telephone should dial (800) 343-5419 to be connected. Callers outside of the U.S. or Canada should dial +1 (203) 518-9731. T
Last chance to lock in access to Whistler Blackcomb at the lowest price of the year with the Epic Pass, including $49 down payment optionThe EDGE Card, Whistler Blackcomb Day Pass and Unlimited Season Pass prices will also increaseUnlock access to exclusive summer benefits at Whistler Blackcomb; PEAK 2 PEAK Gondola opens for sightseeing June 15WHISTLER, BC, May 6, 2024 /CNW/ -- Make sure to lock in your 2024.25 Epic Pass at the lowest price of the year before prices increase on May 27. Currently priced at $982 USD, Epic Pass continues to offer the best deal in skiing and riding at Whistler Blackcomb and around the world. Unlock unlimited, unrestricted access to Whistler Blackcomb and 41 othe
Last chance to get the lowest price on your 2024/25 Epic Pass at $982, including $49 down payment optionUnlock access to exclusive summer discounts and benefits at world-class resorts like Vail Mountain, Whistler Blackcomb and Park City MountainBROOMFIELD, Colo., May 6, 2024 /PRNewswire/ -- Skiers and riders will want to be sure to lock in their 2024/25 Epic Pass at the lowest price before Memorial Day on May 27. Currently priced at $982, Epic Pass continues to offer the best deal in skiing and riding. Unlock unlimited, unrestricted access to 42 iconic mountain resorts including Vail Mountain, Whistler Blackcomb, Park City Mountain and Breckenridge in North America, plus Andermatt-Sedrun-Dis
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JP Morgan downgraded Vail Resorts from Neutral to Underweight and set a new price target of $176.00 from $217.00 previously
Mizuho initiated coverage of Vail Resorts with a rating of Buy and set a new price target of $256.00
BofA Securities downgraded Vail Resorts from Buy to Neutral and set a new price target of $250.00 from $285.00 previously
Morgan Stanley initiated coverage of Vail Resorts with a rating of Equal-Weight and set a new price target of $273.00
JP Morgan reiterated coverage of Vail Resorts with a rating of Neutral and set a new price target of $280.00 from $231.00 previously
Truist upgraded Vail Resorts from Hold to Buy and set a new price target of $290.00 from $263.00 previously
Stifel upgraded Vail Resorts from Hold to Buy and set a new price target of $268.00
Barclays initiated coverage of Vail Resorts with a rating of Underweight and set a new price target of $217.00
Deutsche Bank reiterated coverage of Vail Resorts with a rating of Hold and set a new price target of $309.00 from $331.00 previously
JP Morgan reiterated coverage of Vail Resorts with a rating of Neutral and set a new price target of $314.00 from $345.00 previously
BROOMFIELD, Colo., Sept. 26, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) today reported results for the fourth quarter and fiscal year ended July 31, 2024 and reported results of season-to-date pass product sales. Vail Resorts also provided its outlook for the fiscal year ending July 31, 2025, announced a $100 million multi-year resource efficiency transformation plan, declared a dividend payable in October 2024 and announced share repurchases completed during the fourth quarter. Highlights Net income attributable to Vail Resorts, Inc. was $230.4 million for fiscal 2024 compared to net income attributable to Vail Resorts, Inc. of $268.1 million for fiscal 2023.Resort Reported EBITDA w
BROOMFIELD, Colo., Sept. 5, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) announced today it will release the Company's financial results for its fiscal year ended July 31, 2024 after market close on Thursday, September 26, 2024. The Company will host a conference call at 5:00 p.m. eastern time that same day during which Company executives will review the financial results. The call will be broadcast over the Internet at www.VailResorts.com. To listen to the call, go to the website and select the Investor Relations section. Those wishing to participate via telephone should dial (800) 579-2543 to be connected. Callers outside of the U.S. or Canada should dial +1 (785) 424-1789. The confe
BROOMFIELD, Colo., June 6, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) today reported results for the third quarter of fiscal 2024 ended April 30, 2024, reported early season pass sales, updated fiscal 2024 guidance, and announced share repurchases completed during the quarter. Highlights Net income attributable to Vail Resorts, Inc. was $362.0 million for the third fiscal quarter of 2024 compared to net income attributable to Vail Resorts, Inc. of $325.0 million in the same period in the prior year.Resort Reported EBITDA was $654.4 million for the third quarter of fiscal 2024, which included $1.3 million of acquisition related expenses. In the same period in the prior year, Resort Re
BROOMFIELD, Colo., May 15, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) announced today it will release the Company's financial results for its fiscal third quarter 2024 ended April 30, 2024 after market close on Thursday, June 6, 2024. The Company will host a conference call at 5:00 p.m. eastern time that same day during which Company executives will review the financial results. The call will be broadcast over the Internet at www.VailResorts.com. To listen to the call, go to the website and select the Investor Relations section. Those wishing to participate via telephone should dial (800) 343-5419 to be connected. Callers outside of the U.S. or Canada should dial +1 (203) 518-9731. T
BROOMFIELD, Colo., March 11, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the second quarter of fiscal 2024 ended January 31, 2024 and provided the Company's ski season-to-date metrics through March 3, 2024. Highlights Net income attributable to Vail Resorts, Inc. was $219.3 million for the second fiscal quarter of 2024 compared to net income attributable to Vail Resorts, Inc. of $208.7 million in the same period in the prior year.Resort Reported EBITDA was $425.0 million for the second quarter of fiscal 2024, which included $2.1 million of acquisition related expenses. In the same period in the prior year, Resort Reported EBITDA was $394.8 million, which in
BROOMFIELD, Colo., March 11, 2024 /CNW/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the second quarter of fiscal 2024 ended January 31, 2024 and provided the Company's ski season-to-date metrics through March 3, 2024. Highlights Net income attributable to Vail Resorts, Inc. was $219.3 million for the second fiscal quarter of 2024 compared to net income attributable to Vail Resorts, Inc. of $208.7 million in the same period in the prior year.Resort Reported EBITDA was $425.0 million for the second quarter of fiscal 2024, which included $2.1 million of acquisition related expenses. In the same period in the prior year, Resort Reported EBITDA was $394.8 million, which included
BROOMFIELD, Colo., Feb. 15, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) announced today it will release the Company's financial results for its fiscal second quarter 2024 ended January 31, 2024 after market close on Monday, March 11, 2024. The Company will host a conference call at 5:00 p.m. eastern time that same day during which Company executives will review the financial results. The call will be broadcast over the Internet at www.VailResorts.com. To listen to the call, go to the website and select the Investor Relations section. Those wishing to participate via tel
BROOMFIELD, Colo., Dec. 7, 2023 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) today reported results for the first quarter of fiscal 2024 ended October 31, 2023, provided season pass sales results, reaffirmed its guidance for fiscal 2024, provided additional detail on its calendar year 2024 capital plan, declared a dividend payable in January 2024, and announced share repurchases completed during the first quarter. Highlights Net loss attributable to Vail Resorts, Inc. was $175.5 million for the first quarter of fiscal 2024 compared to a net loss attributable to Vail Resorts, Inc. of $137.0 million in the same period in the prior year.Resort Reported EBITDA loss was $139.8 million for the fi
BROOMFIELD, Colo., Nov. 16, 2023 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) announced today it will release the Company's financial results for its fiscal first quarter 2024 ended October 31, 2023 after market close on Thursday, December 7, 2023. The Company will host a conference call at 5:00 p.m. eastern time that same day during which Company executives will review the financial results. The call will be broadcast over the Internet at www.VailResorts.com. To listen to the call, go to the website and select the Investor Relations section. Those wishing to participate via telephone should dial (800) 267-6316 to be connected. Callers outside of the U.S. or Canada should dial +1 (203) 518
BROOMFIELD, Colo., Sept. 28, 2023 /PRNewswire/ -- September 28, 2023 - Vail Resorts, Inc. (NYSE: MTN) today reported results for the fourth quarter and fiscal year ended July 31, 2023 and reported results of season-to-date season pass sales. Vail Resorts also provided its outlook for the fiscal year ending July 31, 2024, provided an update on capital spending plans, declared a dividend payable in October 2023 and announced share repurchases completed during the fourth quarter. Highlights Net income attributable to Vail Resorts, Inc. was $268.1 million for fiscal 2023 compared to net income attributable to Vail Resorts, Inc. of $347.9 million for fiscal 2022. The decrease in net income attrib
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BROOMFIELD, Colo., April 1, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) today announced that Courtney Goldstein has been appointed executive vice president and chief marketing officer (CMO), effective April 29, 2024. Goldstein joins the company with more than two decades of experience at Comcast and American Express. Goldstein will report to CEO Kirsten Lynch and join the company's executive team. "Courtney has a proven track record of growing subscription business models by leveraging data and technology," said Kirsten Lynch, chief executive officer of Vail Resorts. "H
BROOMFIELD, Colo., March 11, 2024 /CNW/ -- Vail Resorts, Inc. (NYSE: MTN) today announced that Reggie Chambers has been appointed to the company's board of directors. Chambers is an executive vice president and the chief transformation officer for TIAA. Prior to joining TIAA in September 2023, he served as chief financial officer and head of strategy for the commercial banking division of JPMorgan Chase. During his six years at JPMorgan Chase, Chambers also served as chief administrative officer for consumer banking and wealth management and head of investor relations for the firm, a role for which he and his team were recognized by Institutional Investor as Best Investor Relations Professio
BROOMFIELD, Colo., March 11, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today announced that Reggie Chambers has been appointed to the company's board of directors. Chambers is an executive vice president and the chief transformation officer for TIAA. Prior to joining TIAA in September 2023, he served as chief financial officer and head of strategy for the commercial banking division of JPMorgan Chase. During his six years at JPMorgan Chase, Chambers also served as chief administrative officer for consumer banking and wealth management and head of investor relations for the firm, a role for which he and his team were recognized by Institutional Investor as Best Investor Relations Pr
Epic Pass launches at $982; Epic Local Pass at $731; Epic Day Pass customizable with three levels of resort access – ski or ride Vail Mountain from $93 a day New next season: Plans for Crans-Montana Mountain Resort in Switzerland to join the Epic Pass subject to acquisition close; Ski with your buddy and skip the ticket window with Mobile Buddy Tickets; Epic Lift Upgrade projects debut across several resorts; plus Mobile Pass is coming to Whistler BlackcombBROOMFIELD, Colo., March 5, 2024 /PRNewswire/ -- The best time to plan your winter at world-class destinations like Vail Mountain, Whistler Blackcomb, Park City Mountain, Breckenridge, and Stowe, is when the snow is still falling this win
BROOMFIELD, Colo., Feb. 15, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today announced that Julie DeCecco, the company's current deputy general counsel and vice president, has been appointed general counsel and executive vice president. She succeeds David Shapiro who is leaving the company to pursue a new career opportunity. DeCecco will be effective in the role immediately and Shapiro will be supporting a successful transition through February 23, 2024. "Julie is a proven leader who has played a crucial role in nearly every aspect of our business over the last seven years," said Kirsten Lynch, chief executive officer of Vail Resorts. "I am pleased to see Julie promoted into this ro
BROOMFIELD, Colo., Feb. 6, 2024 /CNW/ -- Vail Resorts, Inc. (NYSE:MTN) today announced that Iris Knobloch has been appointed to the company's board of directors. Knobloch is president of the renowned Cannes Film Festival. She was appointed to this role in July 2022, making history as the international festival's first female president. Knobloch also currently serves as a member of the board of directors of Lazard, Inc., a financial advisory and asset management firm; chairperson of the board of directors of Deezer SA, a global music streaming platform; and vice chairperson and lead independent director of the board of directors of Accor Hotels, a multinational hospitality company. Originall
BROOMFIELD, Colo., Feb. 6, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:MTN) today announced that Iris Knobloch has been appointed to the company's board of directors. Knobloch is president of the renowned Cannes Film Festival. She was appointed to this role in July 2022, making history as the international festival's first female president. Knobloch also currently serves as a member of the board of directors of Lazard, Inc., a financial advisory and asset management firm; chairperson of the board of directors of Deezer SA, a global music streaming platform; and vice chairperson and lead independent director of the board of directors of Accor Hotels, a multinational hospitality company. Or
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai
PotlatchDeltic Corporation (NASDAQ:PCH) today announced the appointment of Wayne Wasechek as Vice President, Chief Financial Officer, effective immediately. Wasechek has served as Interim Vice President, Chief Financial Officer and Chief Accounting Officer, since April 19, 2023. "Following a robust search process supported by an external firm, I have great confidence that Wayne is the right person for this role," said Eric Cremers, President and Chief Executive Officer. "He brings deep financial expertise, a comprehensive understanding of our industry and of our business, and I am certain that with his leadership, we will build on our strong track record." "I am honored to have the oppo
Trembath to lead North America's largest ski resort; brings more than 30 years of ski industry and mountain operations experience WHISTLER, BC, April 20, 2023 /PRNewswire/ -- Whistler Blackcomb, the largest ski resort in North America located in the Canadian province of British Columbia, has announced the appointment of Belinda Trembath as its new Vice President & Chief Operating Officer, effective May 15. Trembath has more than 30 years of experience in the ski industry and mountain operations, and has been Chair of the Australian Ski Areas Association since 2018. Born an
Vail Resorts (NYSE:MTN) has outperformed the market over the past 20 years by 3.27% on an annualized basis producing an average annual return of 11.74%. Currently, Vail Resorts has a market capitalization of $6.53 billion. Buying $1000 In MTN: If an investor had bought $1000 of MTN stock 20 years ago, it would be worth $9,071.24 today based on a price of $173.44 for MTN at the time of writing. Vail Resorts's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engin
In the current market session, Vail Resorts Inc. (NYSE:MTN) price is at $183.09, after a 1.04% spike. However, over the past month, the stock decreased by 9.85%, and in the past year, by 27.89%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. Vail Resorts P/E Compared to Competitors The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the
Vail Resorts, Inc. (NYSE:MTN) shares are trading lower Friday afternoon after the company reported weaker-than-expected third-quarter financial results and revised its full-year 2024 guidance downward. What To Know: The company posted quarterly earnings of $9.54 per share, missing market estimates of $10.03 per share. The company's sales came in at $1.28 billion, below the expected $1.30 billion. As a result of disappointing spring visitation and lowered expectations for its Australian resorts, Vail Resorts reduced its forward guidance for full-year 2024. The company now anticipates Resort Reported EBITDA to be between $833 million and $851 million and net income attributable to Vail R
Wall Street returned to reclaim record highs on Friday after a stronger-than-expected jobs report. In May, the increase in non-farm payrolls rose by 272,000 units, a jump from 165,000 and significantly higher than the economists’ consensus of 180,000. Hourly wages also surprised on the upside (4.1% year-on-year versus 3.9%), while unemployment came in slightly higher than expected (4% vs. 3.9%). The hotter-than-expected labor market data sparked a reassessment in rate-cut hopes, with traders closing the door on a July cut, lowering bets on September and currently expecting only one cut by year-end. The move in rate expectations triggered sharp increases in bond yields, with Treasuri
Barclays analyst Brandt Montour maintains Vail Resorts (NYSE:MTN) with a Underweight and lowers the price target from $201 to $161.
Shares of GameStop Corp. (NYSE:GME) fell sharply during Friday's session after the company released worse-than-expected first-quarter results before schedule and filed to sell up to 75 million shares. GameStop released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date. The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total missed a consensus estimate of $995.3 million. The company reported a loss of 12 cents per share, missing the estimate of a loss of 9 cents per share, according to data from Benzinga Pro. GameStop shares dipped 22.5% to $36.07 on Friday. Here are some other stocks moving in today
Morgan Stanley analyst Megan Alexander maintains Vail Resorts (NYSE:MTN) with a Equal-Weight and lowers the price target from $229 to $179.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. JP Morgan analyst Matthew Boss downgraded the rating for Vail Resorts, Inc. (NYSE:MTN) from Neutral to Underweight, while cutting the price target from $217 to $176. Vail Resorts shares gained 0.6% to close at $193.95 on Thursday. See how other analysts view this stock. Morgan Stanley analyst Hamza Fodderwala downgraded Gen Digital Inc. (NASDAQ:GEN) from Overweight to Equal-Weight and slashed the price target from $28 to $27. Gen Digital shares fell 0.1% to settle at $25.44 on Thursday
JP Morgan analyst Matthew Boss downgrades Vail Resorts (NYSE:MTN) from Neutral to Underweight and lowers the price target from $217 to $176.
Vail Resorts, Inc. (NYSE:MTN) reported weaker-than-expected results for its third quarter on Thursday. The company posted quarterly earnings of $9.54 per share, missing market estimates of $10.03 per share. The company's sales came in at $1.28 billion versus expectations of $1.30 billion, according to data from Benzinga Pro. Vail Resorts cut its forward guidance for full-year 2024. The company now expects Resort Reported EBITDA to be between $833 million and $851 million. The company expects net income attributable to Vail Resorts to be between $224 million and $256 million. "The reduction relative to the guidance provided on March 11, 2024, is primarily from lift ticket visitation