Vail Resorts, Inc. MTN reported weaker-than-expected results for its third quarter on Thursday.
Vail Resorts posted quarterly earnings of $8.18 per share, missing analysts’ estimates of $8.84 per share. The company’s quarterly sales came in at $1.24 billion versus expectations of $1.27 billion.
Vail Resorts said it sees FY23 net income of $251 million to $283 million.
Vail Resorts shares fell 5.5% to trade at $243.93 on Friday.
Credit Suisse lowered the price target on Vail Resorts from $333 to $321. Credit Suisse analyst Benjamin Chaiken maintained an Outperform rating.
Truist Securities increased the price target on Vail Resorts from $262 to $263. Truist Securities analyst Patrick Maurice maintained a Hold rating.
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