financetom
Personal Finance
financetom
/
Personal Finance
/
Research Alert: CFRA Maintains Hold Opinion On Shares Of Vail Resorts, Inc.
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Research Alert: CFRA Maintains Hold Opinion On Shares Of Vail Resorts, Inc.
Mar 20, 2024 11:06 AM

01:40 PM EDT, 03/20/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target price to $232 from $247 on FY 24 (Jul.) EV/EBITDA of 12.4x, a discount to MTN's 10-year average forward EV/EBITDA multiple of 16.0x, justified by the risk of adverse weather conditions. We lower our FY 24 EPS to $7.86 from $9.32 and FY 25's to $9.70 from $10.70. MTN posted Apr-Q adj-EPS of $5.76, $0.42 below consensus. Revenue of $1,078M (-2.2% Y/Y) was $75M below consensus. Adj-EBITDA rose 6.9% Y/Y to $424M vs. the $453M consensus, with the margin widening 300 bps Y/Y to 39%. Despite the recent snowstorm in the Rocky Mountains, MTN has overall seen snowfall down 42% across Western North American resorts over the prior year. Eastern resorts have also seen limited natural snow and variable temperatures. Nonetheless, we are optimistic about MTN's plans for higher pricing, along with the recent shift in visitations toward the latter half of the ski and snowboard season. We're also positive on MTN's recent cost management, higher dividend (+8% Y/Y), and the Crans-Montana acquisition.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Best-performing energy stocks: October 2024
Best-performing energy stocks: October 2024
Oct 2, 2024
Energy stocks can be hot and cold, but when they're hot, they can move as quickly as any tech stock. And it's a popular sector to trade when oil prices skyrocket or geopolitical tensions ratchet up, as prices can become highly volatile and traders jump into the action. Because of that volatility, a list of the best performers won't tell...
How to sell your house in 2024: A step-by-step guide
How to sell your house in 2024: A step-by-step guide
Oct 3, 2024
Key takeaways Selling a house can take several months from start to finish, so it's crucial to plan ahead and stay organized. Start by setting a timeline to stick to and hiring a local real estate agent who knows your market well. Be sure your listing photos are the highest quality possible -- homebuyers look at listings online first before...
Does an annuity make sense if you don't have a high net worth?
Does an annuity make sense if you don't have a high net worth?
Oct 3, 2024
Annuities have long been touted as a reliable way to generate income in retirement. But the upfront cost of an annuity can deter some people who believe they need a substantial net worth to make purchasing one worthwhile. While it's true that some annuities, especially those offering guaranteed lifetime income, require significant capital, there are other options available -- including...
Study: Workers with STEM degrees are more likely to report higher salaries and lower unemployment rates
Study: Workers with STEM degrees are more likely to report higher salaries and lower unemployment rates
Oct 2, 2024
Natalie Todoroff knew immediately during her first semester of college that she wanted to major in English. She says she had a total gut feeling that it was the right degree for her, even with the knowledge that English majors have a reputation for being unemployable. However, finding a job after college wasn't the hard part for Todoroff. She was...
Copyright 2023-2025 - www.financetom.com All Rights Reserved