Vail Resorts Posts $54 Million Q4 Loss, but Still Beats View (MTN)

By
A A A
Share |

Ski resort operator Vail Resorts, Inc. ( MTN ) on Tuesday posted better-than-expected fiscal fourth quarter earnings results, despite a substantial quarterly net loss.

The Broomfield, CO-based company reported a fiscal fourth quarter net loss of $53.79 million, or -$1.50, per share, compared with a loss of $53.91 million, or -$1.49 per share, in the year-ago period.

Revenue rose 4.5% from last year to $113.54 million.

On average, Wall Street analysts expected a worse loss of -$1.56 per share, on smaller revenue of $107.18 million.

Looking ahead, MTN forecast full-year earnings to range from $50 million to $60 million.

Vail Resorts shares rose $1.33, or +2.5%, in premarket trading Tuesday.

The Bottom Line
Shares of Vail Resorts ( MTN ) have a 1.42% dividend yield, based on last night's closing stock price of $52.73. The stock has technical support in the $46-$50 price area. If the shares can firm up, we see overhead resistance around the $55-$57 price levels.

Vail Resorts, Inc. ( MTN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: MTN

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

Most Active by Volume

89,970,926
  • $16.15 ▲ 0.12%
77,131,582
  • $58.94 ▼ 1.31%
67,336,935
  • $26.56 ▲ 1.68%
48,814,124
  • $86.20 ▲ 0.02%
47,526,126
  • $23.21 ▲ 0.78%
44,660,424
  • $23.91 ▲ 6.36%
38,799,699
  • $4.289 ▲ 4.36%
36,199,890
  • $40.01 ▼ 0.97%
As of 4/17/2014, 04:07 PM