MKM Partners Raises Price Target on Vail Resorts (MTN) as Season Pass Sales Show Window to FY17
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Vail Resorts Reports Fiscal 2016 Third Quarter Results and Early Season Pass Sales Results
June 9, 2016 6:45 AM EDTBROOMFIELD, Colo., June 9, 2016 /PRNewswire/ -- Vail Resorts, Inc. (NYSE:Â MTN) today reported results for its third quarter ended April 30, 2016, as well as the Company's results of its early season pass sales for the 2016/2017 U.S. ski season.
Highlights
Net income attributable to Vail Resorts, Inc. was $157.6 million for the third quarter of fiscal 2016, representing an 18.2% increase compared to the same period in the prior year. Resort Reported EBITDA was $306.6 million for the third quarter of fiscal 2016, an increase of 14.7% compared to the same period in the prior year, including $3.5... More