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September 26, 2012
07:11 EDTMTNVail Resorts price target raised to $66 from $55 at Credit Suisse
Vail Resorts reported that season pass sales are already up 17% year-over-year, indicating a strong season. Credit Suisse said Vail's guidance for FY13 was impressive and that revenue visibility is solid. Share are Outperform rated.
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September 29, 2015
07:10 EDTMTNVail Resorts risk/reward compelling, says Credit Suisse
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07:10 EDTMTNVail Resorts deserves premium multiple, says Stephens
Stephens attributes Vail Resorts' better than expected Q4 EBITDA to cost management in the Mountain segment, strong revenues in the Lodging segment, and better than expected real estate results. The firm, which believes Vail deserves a premium multiple given its ski resort industry leading position and consistent growth profile, keeps its Overweight rating on shares and raised its price target on the stock to $124 from $123.
September 28, 2015
08:08 EDTMTNVail Resorts reports total skier visits for FY15 up 6.5% to 8.2M
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08:07 EDTMTNVail Resorts sees FY16 Resort Reported EBITDA $405M-$430M
The company commented, "Our Resort Reported EBITDA guidance includes the first year of the combined Park City, now including the former Canyons terrain, and the first full year of operating results for Perisher, both of which are in line with our previously issued expectations. We expect Resort EBITDA Margin to be approximately 27.5% in fiscal 2016, using the midpoint of the guidance range. This is an estimated 190 basis point increase over fiscal 2015, excluding the non-cash gain on the Park City litigation settlement and Perisher EBITDA. We estimate fiscal 2016 Real Estate Reported EBITDA to be between negative $4 million and positive $2 million, which includes a reduced allocation of corporate costs as the remaining condo inventory available for sale decreases. Net Real Estate Cash Flow is expected to be between $13 million and $28 million. Net income attributable to Vail Resorts, Inc. is expected to be between $118 million and $144 million in fiscal 2016. All of these estimates are predicted on an exchange rate of $0.71 between the Australian Dollar and U.S. Dollar."
08:06 EDTMTNVail Resorts reports Q4 EPS ($1.92), consensus ($1.88)
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September 25, 2015
07:24 EDTMTNVail Resorts price target raised to $125 on higher estimates at BofA/Merrill
BofA/Merrill raised Vail Resorts estimates to reflect higher organic growth rates and continued economic strength in Colorado. Analyst Shaun Kelley remains positive on Vail given solid pricing power, continued seasonal pass momentum, underappreciated free cash flow generation, and upside from Utah/Summer. Kelley rates Vail a Buy and increased his price target to $125 from $115.

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