Wall Street analysts expect that Peak Resorts Inc (NASDAQ:SKIS) will report earnings per share of ($0.84) for the current quarter, Zacks reports. Four analysts have provided estimates for Peak Resorts’ earnings. The lowest EPS estimate is ($0.86) and the highest is ($0.83). Peak Resorts posted earnings of ($0.66) per share in the same quarter last year, which indicates a negative year over year growth rate of 27.3%. The business is expected to issue its next earnings report on Thursday, December 6th.
According to Zacks, analysts expect that Peak Resorts will report full year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.12) to ($0.05). For the next year, analysts forecast that the business will report earnings of $0.03 per share, with EPS estimates ranging from ($0.02) to $0.08. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Peak Resorts.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings results on Tuesday, September 11th. The company reported ($0.87) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.83) by ($0.04). Peak Resorts had a negative net margin of 1.41% and a negative return on equity of 0.63%. The firm had revenue of $7.01 million during the quarter, compared to the consensus estimate of $7.58 million.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. ValuEngine downgraded shares of Peak Resorts from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Finally, Stifel Nicolaus dropped their price objective on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $6.19.
Several hedge funds and other institutional investors have recently bought and sold shares of SKIS. Wells Fargo & Company MN lifted its holdings in shares of Peak Resorts by 40.4% during the 1st quarter. Wells Fargo & Company MN now owns 40,640 shares of the company’s stock worth $198,000 after acquiring an additional 11,700 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Peak Resorts by 150.5% during the 1st quarter. Russell Investments Group Ltd. now owns 160,190 shares of the company’s stock worth $776,000 after acquiring an additional 96,241 shares during the last quarter. Rutabaga Capital Management LLC MA lifted its holdings in shares of Peak Resorts by 22.5% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,281,522 shares of the company’s stock worth $6,408,000 after acquiring an additional 235,346 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Peak Resorts by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 131,298 shares of the company’s stock worth $656,000 after acquiring an additional 14,477 shares during the last quarter. 46.98% of the stock is owned by institutional investors.
Shares of NASDAQ SKIS traded up $0.10 during mid-day trading on Thursday, reaching $5.00. 16,300 shares of the company were exchanged, compared to its average volume of 19,894. Peak Resorts has a 52 week low of $4.10 and a 52 week high of $5.78. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.67 and a current ratio of 0.72. The company has a market capitalization of $69.91 million, a P/E ratio of 72.86 and a beta of 1.18.
Peak Resorts Company Profile
Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.
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