Peak Resorts, Inc. (NASDAQ:SKIS) – Equities research analysts at B. Riley reduced their Q3 2018 earnings per share (EPS) estimates for shares of Peak Resorts in a report issued on Friday, according to Zacks Investment Research. B. Riley analyst B. Crockett now anticipates that the company will earn $0.49 per share for the quarter, down from their previous forecast of $0.53. B. Riley currently has a “Buy” rating and a $6.00 price target on the stock. B. Riley also issued estimates for Peak Resorts’ Q4 2018 earnings at $0.63 EPS.
A number of other analysts have also recently weighed in on SKIS. FBR & Co reissued a “buy” rating on shares of Peak Resorts in a report on Tuesday, October 24th. ValuEngine raised shares of Peak Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Robert W. Baird reissued a “buy” rating and set a $6.00 target price on shares of Peak Resorts in a report on Tuesday, September 19th. Zacks Investment Research cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Finally, Stifel Nicolaus increased their target price on shares of Peak Resorts from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Friday, December 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Peak Resorts presently has an average rating of “Buy” and a consensus price target of $6.22.
Shares of Peak Resorts (SKIS) traded up $0.05 during trading hours on Monday, hitting $5.45. 64,898 shares of the company’s stock were exchanged, compared to its average volume of 28,845. The firm has a market capitalization of $76.20, a PE ratio of -17.03 and a beta of 1.11. Peak Resorts has a 52 week low of $4.00 and a 52 week high of $6.20. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.11.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.02). Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The company had revenue of $8.84 million for the quarter, compared to the consensus estimate of $8.64 million. During the same quarter last year, the company earned ($0.57) earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its position in Peak Resorts by 56.5% in the 1st quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock valued at $732,000 after buying an additional 46,801 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Peak Resorts by 148.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock valued at $326,000 after buying an additional 44,774 shares in the last quarter. Rutabaga Capital Management LLC MA grew its position in Peak Resorts by 51.1% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock valued at $5,133,000 after buying an additional 423,609 shares in the last quarter. Summer Road LLC grew its position in Peak Resorts by 38.4% in the 3rd quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock valued at $8,380,000 after buying an additional 534,092 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Peak Resorts by 5.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock valued at $805,000 after buying an additional 9,704 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company’s stock.
Peak Resorts Company Profile
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Peak Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peak Resorts and related companies with MarketBeat.com's FREE daily email newsletter.