Equities analysts forecast that Peak Resorts Inc (NASDAQ:SKIS) will announce sales of $8.43 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Peak Resorts’ earnings, with estimates ranging from $8.31 million to $8.50 million. Peak Resorts posted sales of $8.84 million during the same quarter last year, which would suggest a negative year over year growth rate of 4.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, December 6th.

On average, analysts expect that Peak Resorts will report full-year sales of $183.85 million for the current fiscal year, with estimates ranging from $182.59 million to $185.10 million. For the next financial year, analysts anticipate that the business will report sales of $189.80 million, with estimates ranging from $189.09 million to $190.50 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Peak Resorts.

Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings data on Tuesday, September 11th. The company reported ($0.87) EPS for the quarter, missing the 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 business had revenue of $7.01 million for the quarter, compared to analysts’ expectations of $7.58 million.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Peak Resorts from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Thursday, October 4th. ValuEngine raised Peak Resorts from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Finally, Stifel Nicolaus cut their target price on Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, September 12th. Six research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $6.13.

Shares of SKIS traded up $0.03 during midday trading on Friday, hitting $5.23. 104 shares of the company’s stock traded hands, compared to its average volume of 20,121. Peak Resorts has a 1 year low of $4.25 and a 1 year high of $5.78. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 2.92. The firm has a market cap of $72.71 million, a PE ratio of 73.29 and a beta of 1.18.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Thursday, November 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Wednesday, November 14th. Peak Resorts’s payout ratio is 400.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in shares of Peak Resorts by 40.4% in 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 period. Renaissance Technologies LLC increased its position in shares of Peak Resorts by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 131,298 shares of the company’s stock valued at $656,000 after acquiring an additional 14,477 shares during the period. Russell Investments Group Ltd. grew its position in 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 purchasing an additional 96,241 shares during the period. Finally, Rutabaga Capital Management LLC MA grew its position in 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 purchasing an additional 235,346 shares during the period. 46.98% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Peak Resorts (NASDAQ:SKIS)

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