Peak Resorts Inc (NASDAQ:SKIS) – Equities research analysts at Oppenheimer increased their Q3 2019 EPS estimates for Peak Resorts in a report released on Tuesday, September 11th, according to Zacks Investment Research. Oppenheimer analyst I. Zaffino now expects that the company will post earnings of $0.68 per share for the quarter, up from their prior forecast of $0.66. Oppenheimer also issued estimates for Peak Resorts’ Q4 2019 earnings at $0.63 EPS.
SKIS has been the topic of several other research reports. ValuEngine upgraded shares of Peak Resorts from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Stifel Nicolaus dropped their target price on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, September 12th. Finally, Zacks Investment Research lowered shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $6.19.
Shares of NASDAQ:SKIS traded down $0.05 during mid-day trading on Thursday, reaching $4.90. 6,300 shares of the company’s stock were exchanged, compared to its average volume of 20,106. The firm has a market cap of $71.31 million, a PE ratio of 70.00 and a beta of 1.18. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.67 and a current ratio of 0.72. Peak Resorts has a twelve month low of $4.10 and a twelve month high of $5.78.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Tuesday, September 11th. The company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.83) by ($0.04). The business had revenue of $7.01 million for the quarter, compared to analyst estimates of $7.58 million. Peak Resorts had a negative return on equity of 0.63% and a negative net margin of 1.41%.
A number of hedge funds have recently added to or reduced their stakes in SKIS. Wells Fargo & Company MN lifted its holdings in Peak Resorts by 40.4% in the first quarter. Wells Fargo & Company MN now owns 40,640 shares of the company’s stock valued at $198,000 after buying an additional 11,700 shares during the period. Renaissance Technologies LLC lifted its holdings in Peak Resorts by 12.4% in the second quarter. Renaissance Technologies LLC now owns 131,298 shares of the company’s stock valued at $656,000 after buying an additional 14,477 shares during the period. Russell Investments Group Ltd. lifted its holdings in Peak Resorts by 150.5% in the first quarter. Russell Investments Group Ltd. now owns 160,190 shares of the company’s stock valued at $776,000 after buying an additional 96,241 shares during the period. Finally, Rutabaga Capital Management LLC MA lifted its holdings in Peak Resorts by 22.5% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,281,522 shares of the company’s stock valued at $6,408,000 after buying an additional 235,346 shares during the period. Institutional investors and hedge funds own 46.98% of the company’s stock.
About Peak Resorts
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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