MTN - Vail Resorts, Inc.
| Previous Close | 232.81 |
| Open | 232.00 |
| Bid | 0.00 x 1000 |
| Ask | 237.50 x 1100 |
| Day's Range | 226.14 - 232.79 |
| 52 Week Range | 179.60 - 249.67 |
| Volume | 484,248 |
| Avg. Volume | 268,090 |
| Market Cap | 9.326B |
| Beta (3Y Monthly) | 0.72 |
| PE Ratio (TTM) | 31.53 |
| EPS (TTM) | 7.32 |
| Earnings Date | Mar 6, 2020 - Mar 10, 2020 |
| Forward Dividend & Yield | 7.04 (3.02%) |
| Ex-Dividend Date | 2019-10-07 |
| 1y Target Est | 259.64 |
- Bloomberg
Blackouts Hit Phone Networks, Spur Equipment Theft: Eskom Update
(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterSouth Africa has been hit by a sixth straight day of rolling blackouts as state-owned power utility Eskom Holdings SOC Ltd. acts to prevent a total collapse of the grid after a raft of plant breakdowns. The company implemented a record level of cuts -- 6,000 megawatts -- late Monday, prompting platinum and gold mines in the country to halt operations.Highlights So Far:Eskom says there’s a high likelihood of cuts all week. The utility plans to cut 4,000 megawatts -- known as Stage 4 -- until late Tuesday.Producers including Sibanye, Implats and Harmony stopped mining operations and mobile-phone networks have been affected.The City of Cape Town warned that a return to Stage 6 could lead to water-supply interruptions.Rains that have soaked coal and caused flooding may continue through Friday.Read more: Record Blackouts Shut South Africa Mines as Recession Risk RisesHere are the latest developments, updated throughout the day. Time stamps are local time in Johannesburg.Battery Theft (1:30 p.m.)The constant outages are affecting the performance of batteries powering MTN Group Ltd.’s equipment, said Africa’s largest wireless carrier. The company spent about 300 million rand last year ($20 million) on batteries for existing sites and has 1,800 generators in use.The company is also having to spend more on security to protect its batteries, generators and general site equipment from thieves and vandals.“Load-shedding is seeing entire neighborhoods cloaked in darkness at predictable times, which is offering criminals greater cover for their thieving,” the company said.Limited impact at Gold Fields (1:15 p.m.)Gold Fields Ltd., which operates one mine in South Africa, said the impact of power cuts has been limited so far.“We have managed the impact so far by shifting load between critical activities to ensure our core mining activities can continue,” said spokesman Sven Lunsche. “If load shedding continues at Stage 4 or above for a prolonged period, however, and there are sustained interruptions linked to our production ramp up it will become more challenging and we will need to implement alternative mitigations to ensure business continuity.”Manufacturing contracts (1 p.m.)South Africa’s statistics office said factory production contracted for the fifth consecutive month in October, when Eskom implemented the previous round of power cuts. That adds to the risk of a second recession in as many years. Manufacturing accounts for about 13% of gross domestic product.Anglo Platinum costs (1 p.m.)Anglo American Platinum Ltd. said that the rolling blackouts may add to its production costs this year, which are already likely to exceed an earlier forecast.The company is engaging with Eskom to understand the technical constraints and see where it can assist, spokeswoman Jana Marais said separately.“We have standby diesel power generators in place, and all our operations have emergency-response plans which detail what should happen in the event of load-shedding, which includes the safe evacuation of employees, shutdown procedures and communications.”Vodacom connectivity (12:30 p.m.)Vodacom Group Ltd. said its customers around the country will be experiencing network-connectivity issues due to the Stage 4 load-shedding affecting its mobile phone towers.“Our towers do use batteries as a back-up but these do have limited power and will eventually fail,” said spokesman Byron Kennedy. “A notable complication with Stage 4 load shedding over consecutive days is that batteries don’t get enough time to recharge to full capacity.”Vodacom has recently put mitigation measures in place including additional batteries and generators around the country, he said.Cape Town water (12 p.m.)A return to Stage 6 could lead to water-supply interruptions in Cape Town, the city warned.“Load-shedding of this severity is likely to constrain our ability to provide water supply in the reticulation system across the whole of Cape Town in the usual way,” it said in a statement. “Residents should not panic, but please use water sparingly and prepare just in case they do experience a period of no water supply.”Platinum, palladium rise (10:30 a.m.)Platinum and palladium led gains among major precious metals after South African producers said they had stopped operations. Platinum gained as much as 1.2%. Palladium rose as much as 0.6% to a fresh record of $1,894.47 an ounce, closing in on $1,900 for the first time. The metal has rallied 50% this year amid tight supply.High likelihood of cuts all week (10 a.m.)Eskom plans to cut 4,000 megawatts until 11 p.m. on Tuesday as it continues to face a shortage of generating capacity. Breakdowns are at 15,200 megawatts, the company said in a statement.“The incessant rains continue to impact coal handling and operations at our power stations. The probability for load-shedding remains high for the rest of the week.”Rains to continue (10 a.m.)Heavy rains have soaked coal, which is used as fuel, and caused flooding at Eskom’s Kriel and Camden power stations, the utility said. South African Weather Service forecasts show rain in Mpumalanga, the province in which the electricity plants are located, will continue through Friday. Rainfall in Lephalale, near the giant Medupi plant, could reach as much as 25 mm (1 inch) today, forecasts show.Mines close (Earlier)Producers including Sibanye Gold Ltd., the world’s biggest platinum miner, recalled workers from underground and stopped milling ore after Eskom announced Stage 6 cuts on Monday night. No. 2 producer Impala Platinum Holdings Ltd. didn’t start the 4 a.m. underground shift Tuesday and the company has stopped milling ore and shut its smelter.To contact the reporters on this story: Felix Njini in Johannesburg at fnjini@bloomberg.net;Prinesha Naidoo in Johannesburg at pnaidoo7@bloomberg.net;Loni Prinsloo in Johannesburg at lprinsloo3@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, ;Rene Vollgraaff at rvollgraaff@bloomberg.net, ;Rebecca Penty at rpenty@bloomberg.net, Liezel HillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Thomson Reuters StreetEvents
Edited Transcript of MTN earnings conference call or presentation 9-Dec-19 10:00pm GMT
Q1 2020 Vail Resorts Inc Earnings Call
- Zacks
Vail Resorts (MTN) Reports Q1 Loss, Tops Revenue Estimates
Vail Resorts (MTN) delivered earnings and revenue surprises of 25.67% and 4.74%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
- CNW Group
Vail Resorts Announces Key Capital Investments for 2020/21 North American Ski Season to Enhance the On-Mountain Guest Experience
BROOMFIELD, Colo. , Dec. 9, 2019 /CNW/ -- Today, Vail Resorts, Inc. (MTN) announced a series of major capital improvements across its resorts that are designed to make getting on and around its mountains faster and easier through terrain expansions, new lifts and expanded restaurant experiences. The new projects are part of the company's calendar year 2020 capital plan of approximately $210 million to $215 million to enhance the guest experience and scale the company's growing business. This investment builds on the approximately $190 million to $195 million that Vail Resorts is planning to spend on capital improvement projects in calendar year 2019.
- CNW Group
Vail Resorts Reports Fiscal 2020 First Quarter and Season Pass Results
Vail Resorts Reports Fiscal 2020 First Quarter and Season Pass Results
- Barrons.com
The World’s First IPO for a Competitive Videogame Team Is Today. It’ll Be a Crucial Test for E-Sports.
Astralis is the first pure-play team to sell stock to the public in the burgeoning world of professional videogame playing.
- Benzinga
Vail Resorts Q1 Earnings Preview
Vail Resorts (NYSE: MTN ) releases its next round of earnings this Monday, December 9. Get the latest predictions in Benzinga's essential guide to the company's Q1 earnings report. Earnings and Revenue ...
- Kiplinger
Earnings Reports for the Week of Dec. 9-13 (ADBE, COST, GME)
Check out our weekly earnings calendar and read the latest quarterly earnings previews.
- CNW Group
Nadia Rawlinson Appointed to Vail Resorts Board of Directors
Nadia Rawlinson Appointed to Vail Resorts Board of Directors
- Bloomberg
Cell C Creditors Hire Moelis, Lawyers to Push for Telkom Takeover
(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterCell C Pty Ltd.’s creditors aren’t giving up on a takeover offer from rival Telkom SOC Ltd., which South Africa’s third-largest mobile-network operator rejected last week.Senior debt holders have hired investment-banking firm Moelis & Co. and corporate lawyers Linklaters LLP and DLA Piper LLP to lobby for the Telkom proposal, people familiar with the matter said. They could block Cell C from pursuing an alternative recapitalization plan by forcing the carrier into liquidation or business rescue, said the people, asking not to be identified because talks are ongoing.A takeover by Telkom would return about 86 cents on the rand to lenders, while banks may have to take a deeper haircut if Cell C goes ahead with a transaction involving local investment company Buffet Group, they said. Creditors are also requesting that Cell C’s board act independently from Blue Label Telecoms Ltd., which owns 45% of the company, the people said.“Cell C and its various stakeholders, including the creditors, are working collaboratively to conclude a restructure that addresses all parties interests,” Cell C said in an email. “It is important to respect the confidentiality of these discussions. Information circulating in the public domain about these discussions should be viewed with a degree of caution. Cell C confirms that constructive discussions on the recapitalization are underway and will update the market on all material matters in due course.”Linklaters, DLA Piper and Moelis & Co. declined to comment, while Buffet Group could not be reached. Telkom said it hasn’t had any further communication from Cell C’s side.It’s not the first time Cell C has spurned advances from Telkom, which wants to combine the country’s two smallest network operators to better compete against industry leaders MTN Group Ltd. and Vodacom Group Ltd. After running into financial difficulties in 2016, Cell C opted for a deal with Blue Label.In July, Cell C missed interest payments and suspended future obligations, resulting in S&P Global Ratings cutting Cell C’s assessment to default. The company, which generates about 15 billion rand ($1 billion) in revenue, is struggling to repay about 9 billion rand of debt.Cell C agreed on an extended roaming agreement with MTN last month that will give it access to the network of South Africa’s second-largest wireless carrier. As part of that pact, Cell C will pay as much as 5 billion rand a year in roaming charges, from about 1.8 billion rand, the people said. Lenders haven’t been given a chance to review the deal, they said.(Corrects description of Blue Label stake in third paragraph and adds updated statement from Cell C in fourth paragraph for story published on Dec. 2)To contact the reporter on this story: Loni Prinsloo in Johannesburg at lprinsloo3@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Vernon Wessels, John BowkerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Vail Resorts (MTN) Dips More Than Broader Markets: What You Should Know
Vail Resorts (MTN) closed at $237.18 in the latest trading session, marking a -1.54% move from the prior day.
- Insider Monkey
Were Hedge Funds Right About Buying Vail Resorts, Inc. (MTN) in September?
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
- Zacks
Vail Resorts (MTN) to Post Q1 Earnings: What's in the Cards?
Vail Resorts' (MTN) revenues in first-quarter fiscal 2020 are likely to reflect robust performance of the Mountain segment.
- PR Newswire
Vail Resorts Announces Significant Expansion of its Youth Access Efforts Underpinned by $10 Million Charitable Donation from CEO Rob Katz
Today, as part of its Epic for Everyone platform, Vail Resorts, Inc. (NYSE: MTN) announced a significant expansion of its current youth access efforts, with plans to launch new programs at more than a dozen resorts that serve major metropolitan areas, including New York City, Washington, D.C., Philadelphia, Boston, Cleveland and Seattle. The company will provide free lift tickets, ski school, equipment rentals and other services to local non-profits, who will combine those services with youth mentorship for enriching, on-mountain programs across Vail Resorts' growing portfolio.
- Zacks
Analysts Estimate Vail Resorts (MTN) to Report a Decline in Earnings: What to Look Out for
Vail Resorts (MTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
Vail Resorts (MTN) Gains But Lags Market: What You Should Know
Vail Resorts (MTN) closed the most recent trading day at $238.06, moving +0.65% from the previous trading session.
- GuruFocus.com
3 Stocks With Fast-Growing Earnings
These companies are expected to continue to beat the market in terms of earnings growth Continue reading...
- CNW Group
Vail Resorts Announces Fiscal 2020 First Quarter Earnings Release Date
Vail Resorts Announces Fiscal 2020 First Quarter Earnings Release Date
- Simply Wall St.
Does Vail Resorts, Inc.'s (NYSE:MTN) CEO Pay Matter?
Rob Katz has been the CEO of Vail Resorts, Inc. (NYSE:MTN) since 2006. First, this article will compare CEO...
