Vail Resorts Reports Fiscal 2020 Third Quarter Results
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Vail Resorts (MTN) PT Raised to $225 at KeyBanc
June 5, 2020 9:08 AM EDTKeyBanc analyst Brett Andress raised the price target on Vail Resorts (NYSE: MTN) to $225.00 (from $200.00) while maintaining a Overweight rating following the company's 3Q earnings report. MTN reported consolidated EBITDA of $303.6M, above consensus of $286.3M, on revenues of $694.1M (above consensus... More
Vail Resorts (MTN) Tops Q3 EPS by 46c, Revenues Miss
June 4, 2020 4:08 PM EDTVail Resorts (NYSE: MTN) reported Q3 EPS of $3.74, $0.46 better than the analyst estimate of $3.28. Revenue for the quarter came in at $582.89 million versus the consensus estimate of $678.3 million.
Highlights
As a result of the disruptions caused by COVID-19, we took the following strategic actions to address the public health situation and strengthen the Company's financial and liquidity position to navigate through the current circumstances and position the business for long-term success:Closed operations at all North American resorts and rental/retail stores from March 15, 2020 through the remainder of the 2019/2020 winter... More