Brokerages expect Peak Resorts Inc (NASDAQ:SKIS) to announce earnings per share of $0.62 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Peak Resorts’ earnings. The highest EPS estimate is $0.71 and the lowest is $0.58. Peak Resorts reported earnings of $0.52 per share in the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, July 12th.
On average, analysts expect that Peak Resorts will report full year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.05 to $0.10. For the next financial year, analysts anticipate that the business will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.10) to $0.12. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Peak Resorts.
Separately, ValuEngine raised Peak Resorts from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $6.11.
Shares of Peak Resorts traded up $0.05, reaching $5.25, during trading hours on Friday, MarketBeat.com reports. 69,093 shares of the company’s stock were exchanged, compared to its average volume of 14,710. The company has a market cap of $73.41 million, a price-to-earnings ratio of 175.00 and a beta of 1.20. Peak Resorts has a 1 year low of $4.10 and a 1 year high of $5.78. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.71.
A number of large investors have recently made changes to their positions in SKIS. Wells Fargo & Company MN grew its holdings 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 buying an additional 11,700 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Peak Resorts during the 4th quarter valued at $382,000. Finally, Russell Investments Group Ltd. grew its holdings 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 buying an additional 96,241 shares during the last quarter. Hedge funds and other institutional investors own 45.58% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Peak Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peak Resorts and related companies with MarketBeat.com's FREE daily email newsletter.