Peak Resorts Inc (NASDAQ:SKIS) announced a quarterly dividend on Tuesday, July 2nd, Zacks reports. Investors of record on Thursday, July 25th will be given a dividend of 0.07 per share on Friday, August 9th. This represents a $0.28 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, July 24th.
Peak Resorts has decreased its dividend payment by an average of 12.1% annually over the last three years. Peak Resorts has a dividend payout ratio of 400.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Peak Resorts to earn ($0.06) per share next year, which means the company may not be able to cover its $0.28 annual dividend with an expected future payout ratio of -466.7%.
NASDAQ SKIS opened at $10.85 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 2.63. The company has a 50-day moving average of $4.53. Peak Resorts has a twelve month low of $3.75 and a twelve month high of $10.89. The company has a market capitalization of $77.35 million, a PE ratio of 24.11 and a beta of 0.88.
Peak Resorts (NASDAQ:SKIS) last released its earnings results on Thursday, June 27th. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.28. Peak Resorts had a net margin of 4.83% and a return on equity of 14.31%. The business had revenue of $85.46 million during the quarter, compared to analysts’ expectations of $76.27 million. On average, sell-side analysts predict that Peak Resorts will post -0.11 earnings per share for the current year.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus cut shares of DSV A/S from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Janney Montgomery Scott cut shares of Peak Resorts from a “buy” rating to a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Peak Resorts presently has an average rating of “Buy” and an average price target of $7.08.
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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