Analysts expect Peak Resorts Inc (NASDAQ:SKIS) to post $0.62 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Peak Resorts’ earnings, with estimates ranging from $0.56 to $0.71. Peak Resorts reported earnings per share of $0.52 during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, July 12th.
On average, analysts expect that Peak Resorts will report full year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.22. For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.10) to $0.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Peak Resorts.
Separately, ValuEngine raised Peak Resorts from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Peak Resorts currently has an average rating of “Buy” and an average price target of $6.11.
SKIS traded up $0.05 on Monday, hitting $5.05. 10,000 shares of the company traded hands, compared to its average volume of 18,956. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.71. The company has a market cap of $69.91 million, a PE ratio of 168.33 and a beta of 1.20. Peak Resorts has a 12-month low of $4.00 and a 12-month high of $5.78.
A number of institutional investors and hedge funds have recently bought and sold shares of SKIS. Municipal Employees Retirement System of Michigan purchased a new stake in Peak Resorts during the 4th quarter valued at approximately $382,000. Wells Fargo & Company MN raised its stake in Peak Resorts by 40.4% during the 1st quarter. Wells Fargo & Company MN now owns 40,640 shares of the company’s stock valued at $198,000 after acquiring an additional 11,700 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Peak Resorts by 150.5% during the 1st quarter. Russell Investments Group Ltd. now owns 160,190 shares of the company’s stock valued at $776,000 after acquiring an additional 96,241 shares during the last quarter. 45.58% of the stock is owned by hedge funds and other institutional investors.
About Peak Resorts
Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day ski and overnight drive ski resorts. The company offers various activities, services, and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking, zip tours, and other summer activities.
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