Top Long Term Stocks To Buy For 2016: Vail Resorts Inc. (MTN)
Vail Resorts, Inc., through its subsidiaries, operates resorts in the United States. The company operates in three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates eight ski resort properties, including the Vail Mountain, Breckenridge Ski, Keystone, Beaver Creek, Heavenly Mountain, Northstar, Kirkwood Mountain, and Canyons resorts; and two urban ski areas, such as Afton Alps and Mount Brighton Ski areas, as well as provides ancillary services, primarily ski school, dining, and retail/rental operations. Its resorts offer various recreational activities comprising skiing, snowboarding, snowshoeing, snowtubing, sightseeing, mountain biking, guided hiking, children's activities, and other recreational activities, as well as ski and snowboard lessons, equipment rental and retail merchandise services, dining venues, and private club services. This segment also leases its owned and leased commercial space; and provides real estate brokerage services. Th e Lodging segment owns and/or manages a collection of luxury hotels under the RockResorts brand, and other lodging properties; various condominiums located in and around the companys ski resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates approximately 5,100 owned and managed hotel and condominium rooms. The Real Estate segment owns, develops, markets, and sells real estate properties in and around the companys resort communities. Vail Resorts, Inc. was founded in 1997 and is based in Broomfield, Colorado.
Advisors' Opinion:- [By Roberto Pedone]
One potential earnings short-squeeze candidate is adventure sports facilities and ski resorts player Vail Resorts (MTN), which is set to release numbers on Friday before the market open. Wall Street analysts, on average, expect Vail Resorts to report revenue of $117.82 million on a loss of $1.71 per share.
!The current short interest as a percentage of the float for Vail Resorts stands at 5%. That means that out of the 35.43 million shares in the tradable float, 1.79 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 7%, or by 116,000 shares. If the bears are caught pressing their bets into a bullish quarter, then shares of MTN could spike sharply higher post-earnings.
From a technical perspective, MTN is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last three months, with shares soaring higher from its low of $60.01 to its recent high of $71.18 a share. During that uptrend, shares of MTN have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MTN within range of triggering a near-term breakout trade.
If you're bullish on MTN, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance at $70.95 a share to its 52-week high at $71.18 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 137,456 shares. If that breakout hits, then MTN will set up enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $80 to $85 a share.
I would avoid MTN or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below its 50-day moving average of $68.1
- [By Marc Bastow]
Ski lodging and operations holding company Vail Resorts (MTN) raised its quarterly dividend 100% to 41.5 cents per share, payable April 16 to shareholders of record as of April 1. That increase ties FAF for the biggest increase on this week’s list of dividend stocks.
MTN Dividend Yield: 2.37% - [By Laura Brodbeck]
Notable earnings released on Wednesday included:
Williams-Sonoma, Inc (NYSE: WSM) reported fourth quarter EPS of $1.38 on revenue of $1.47 billion, compared to last years EPS of $1.34 on revenue of $1.41 billion. Express, Inc (NYSE: EXPR) reported fourth quarter EPS of $0.57 on revenue of $715.90 million, compared to last years EPS of $0.75 on revenue of $728.71 million. Vail Resorts, Inc.(NYSE: MTN) reported second quarter EPS of $1.60 on revenue of $452.70 million, compared to last years EPS of $1.65 on revenue of $422.45 million. Krispy Kreme Doughnuts, Inc.(NYSE: KKD) reported fourth quarter EPS of $0.12 on revenue of $112.70 million, compared to last years EPS of $0.09 on revenue of $118.14 million.Pre-Market Movers
Vail Resorts (NYSE: MTN ) reported earnings on June 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q3), Vail Resorts met expectations on revenues and missed estimates on earnings per share.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-long-term-stocks-to-buy-for-2016.html
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