Equities analysts forecast that Peak Resorts Inc (NASDAQ:SKIS) will report sales of $59.65 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Peak Resorts’ earnings. The lowest sales estimate is $58.50 million and the highest is $60.46 million. Peak Resorts reported sales of $56.39 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The firm is expected to report its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that Peak Resorts will report full-year sales of $59.65 million for the current fiscal year, with estimates ranging from $128.50 million to $131.42 million. For the next financial year, analysts anticipate that the company will post sales of $134.80 million per share, with estimates ranging from $131.45 million to $137.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Peak Resorts.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.02). The company had revenue of $8.84 million during the quarter, compared to the consensus estimate of $8.64 million. Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.57) earnings per share.
Several research analysts have recently issued reports on SKIS shares. Zacks Investment Research upgraded shares of Peak Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. B. Riley reiterated a “buy” rating on shares of Peak Resorts in a report on Wednesday, November 1st. ValuEngine cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Oppenheimer restated a “buy” rating and set a $7.00 target price on shares of Peak Resorts in a report on Friday, December 8th. Finally, FBR & Co restated a “buy” rating on shares of Peak Resorts in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $6.22.
Peak Resorts (SKIS) opened at $5.05 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.11. The stock has a market cap of $72.71, a P/E ratio of -16.29 and a beta of 1.11. Peak Resorts has a 1-year low of $4.00 and a 1-year high of $6.10.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Thursday, January 25th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Wednesday, January 24th. Peak Resorts’s payout ratio is -90.32%.
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Peak Resorts by 93.8% during the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after buying an additional 12,895 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Peak Resorts during the fourth quarter worth approximately $382,000. Essex Investment Management Co. LLC boosted its holdings in Peak Resorts by 148.8% during the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock worth $326,000 after buying an additional 44,774 shares in the last quarter. Sterneck Capital Management LLC boosted its holdings in Peak Resorts by 13.3% during the fourth quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock worth $1,307,000 after buying an additional 28,467 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Peak Resorts by 63.0% during the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after buying an additional 162,100 shares in the last quarter. Hedge funds and other institutional investors own 44.15% of the company’s stock.
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About Peak Resorts
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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