Vail Resorts Q4 Results Mixed, Multiple Investment Banks Adjust Price Targets

Vail Resorts Inc. reported mixed fourth-quarter results on Monday.

The company reported a quarterly loss of $5.34 per share, missing the analyst consensus estimate of a $5.23 per share loss. The company reported quarterly sales of $278.068 million, beating the analyst consensus estimate of $271.626 million.

CEO Rob Katz said: "For the ski industry, this past winter was one of the most challenging in the history of the American West, which negatively impacted full-year financial performance. Conditions in the Rockies were particularly severe, with snowfall and snowpack at or near historic lows and significantly below the previous record-low snow season, resulting in the most difficult weather environment we have ever experienced. Against this backdrop, the past year demonstrated the resilience of our business model and encouraging signs for the future. Our advanced commitment model and cost discipline provided considerable stability, and our investments in people, technology, and resorts drove record guest satisfaction scores and strong employee engagement, all key indicators of our success."

Vail Resorts shares fell 1.2% on Tuesday to $136.43.

These analysts adjusted their price targets on Vail Resorts following the earnings report.

Stifel analyst Jeffrey Stantial maintained a Buy rating on the stock and lowered the price target from $161 to $157.

Barclays analyst Brandt Montour maintained an Underweight rating on the stock and lowered the price target from $119 to $117.

Wells Fargo analyst Anthony Bonadio maintained a Neutral rating on the stock and raised the price target from $125 to $130.

Deutsche Bank analyst Chris Woronka maintained a Hold rating on the stock and lowered the price target from $138 to $132.

Mizuho analyst Ben Chaiken maintained an Outperform rating on the stock and lowered the price target from $160 to $156.

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