MTN - Vail Resorts, Inc.

NYSE - NYSE Delayed Price. Currency in USD
251.67
+3.13 (+1.26%)
At close: 4:05PM EST
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Previous Close248.54
Open247.33
Bid250.71 x 1000
Ask250.84 x 1200
Day's Range246.04 - 251.86
52 Week Range200.55 - 255.37
Volume365,291
Avg. Volume306,661
Market Cap10.145B
Beta (5Y Monthly)0.73
PE Ratio (TTM)34.21
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield7.04 (2.83%)
Ex-Dividend DateDec 23, 2019
1y Target EstN/A
  • Safaricom Likely to Borrow to Fund Ethiopia Telecom Bid
    Bloomberg

    Safaricom Likely to Borrow to Fund Ethiopia Telecom Bid

    (Bloomberg) -- Safaricom Plc., weighing an offer for Ethiopia’s telecom business later this year, plans to take on debt to fund a joint bid by a consortium including parent Vodacom Group Ltd. and two other entities.“We do know the investment to build the network in Ethiopia will be big,” Safaricom’s interim Chief Executive Officer Michael Joseph said in an interview at the company’s Nairobi headquarters. “So all of us will have to borrow to invest. The composition of the consortium will be on your willingness and your capability of taking on debt and your willingness to take a risk.”The privatization of Ethiopian Telecommunications Corp. and issuance of two spectrum licenses has been delayed by elections that were pushed to August from May, according to Joseph. The government of Prime Minister Abiy Ahmed hasn’t yet provided guidance on the bidding process, including any limits on foreign ownership, he said.East Africa’s biggest company had total borrowings of 4 billion shillings ($39.5 million) in 2019, and 36.3 billion shillings in undrawn bank facilities, according to its annual report. Revenue has been rising every year since 2003, when the company became profitable, according to data compiled by Bloomberg.“Leverage makes sense for Safaricom considering their balance sheet size, so the cost of borrowing will be low,” Silha Rasugu, an analyst at EFG Hermes, said in response to emailed questions. “It also allows them to maintain dividend payout through the high capex cycle as they build a network in Ethiopia.”Safaricom shares closed unchanged at 29.95 shillings after a seven-day losing streak on the Nairobi Securities Exchange.Unlike Kenya, where Safaricom’s business became profitable within 3 1/2 years, Joseph said Ethiopia is “probably a 10-year journey.”Regulatory ChangeOpening up the telecommunications industry is part of a raft of reforms to liberalize Ethiopia’s economy as Abiy looks to increase foreign-capital inflows. Other carriers, including Orange SA and MTN Group Ltd., have expressed interest in expanding in the nation of more than 100 million people, which has a relatively low level of data penetration and internet access.In December, Ethiopia’s investment-promotion agency released proposed regulations that would reserve banking and micro-finance for local investors, which would prevent Safaricom from providing such services via its M-Pesa payments platform.“We cannot go in there as Safaricom and provide mobile-money services if we have to give it all away to somebody else just under some sort of technical support,” Joseph said. “We will if we have to, but in the end we want to have a license to provide those services, so the regulations will have to change.”(Updates with analyst comment from fifth paragraph)To contact the reporter on this story: Bella Genga in Nairobi at bgenga2@bloomberg.netTo contact the editors responsible for this story: David Malingha at dmalingha@bloomberg.net, Helen NyamburaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Financial Times

    Vail’s ‘lift line apocalypse’ — and the new ski resort with a radical solution

    Photographs and videos of what skiers in Vail dubbed the “lift line apocalypse” went viral on social media last week. The queues were the result of a storm that dumped more than three feet of snow in 48 hours, drawing large numbers of skiers while also forcing the closure of much of the area while patrollers carried out safety work. Many outlets described Vail’s “epic lift lines”, an oblique reference to the Epic Pass, the season-long pass introduced by Vail Resorts in 2008 which has revolutionised the US ski industry.

  • Are Vail Resorts, Inc. (NYSE:MTN) Investors Paying Above The Intrinsic Value?
    Simply Wall St.

    Are Vail Resorts, Inc. (NYSE:MTN) Investors Paying Above The Intrinsic Value?

    Does the February share price for Vail Resorts, Inc. (NYSE:MTN) reflect what it's really worth? Today, we will...

  • Moody's

    MTN (Mauritius) Investments Limited -- Moody's announces completion of a periodic review of ratings of MTN Group Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MTN Group Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Vail Resorts reports significant downhill drop in skier visits from last season
    American City Business Journals

    Vail Resorts reports significant downhill drop in skier visits from last season

    Poor snow at Whistler Blackcomb is dragging down the cumulative performance of all 34 of the company's North American resorts.

  • New general manager takes the helm of Heavenly this season
    American City Business Journals

    New general manager takes the helm of Heavenly this season

    Tom Fortune’s parents always asked him when he would get a “real job.” Now the life-long skier is managing Tahoe's largest ski resort.

  • Vail Resorts, Inc. (NYSE:MTN) Is Employing Capital Very Effectively
    Simply Wall St.

    Vail Resorts, Inc. (NYSE:MTN) Is Employing Capital Very Effectively

    Today we'll look at Vail Resorts, Inc. (NYSE:MTN) and reflect on its potential as an investment. Specifically, we'll...

  • Why Is Vail Resorts (MTN) Up 5% Since Last Earnings Report?
    Zacks

    Why Is Vail Resorts (MTN) Up 5% Since Last Earnings Report?

    Vail Resorts (MTN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Vail Resorts' Strategic Efforts Bode Well Amid High Costs
    Zacks

    Vail Resorts' Strategic Efforts Bode Well Amid High Costs

    Vail Resorts (MTN) banks on mergers and extensive marketing to drive top-line growth. Meanwhile, increased operating expenses continue to hurt the company's profits.

  • Ski pass holders sue Northstar over parking fees
    American City Business Journals

    Ski pass holders sue Northstar over parking fees

    Two pass holders at Northstar California are suing over the ski resort’s new charge for parking this season.

  • 2019 Review: Top Hedge Fund Stocks vs. Vail Resorts, Inc. (MTN)
    Insider Monkey

    2019 Review: Top Hedge Fund Stocks vs. Vail Resorts, Inc. (MTN)

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • A look at the upgrades that Colorado ski resorts have made for the 2019-20 season
    American City Business Journals

    A look at the upgrades that Colorado ski resorts have made for the 2019-20 season

    From new restaurants to new lifts to new collaboration beers, ski resorts are investing significantly this year.

  • Ski-pass culture has redefined strategy for Vail Resorts, Alterra
    American City Business Journals

    Ski-pass culture has redefined strategy for Vail Resorts, Alterra

    The two Denver-area companies are experiencing significant increases in pass sales as they acquire and add on more partner resorts, reaching a larger base of skiers and snowboarders than ever.

  • Vail Resorts, Inc. (NYSE:MTN) Pays A US$1.76 In Just 4 Days
    Simply Wall St.

    Vail Resorts, Inc. (NYSE:MTN) Pays A US$1.76 In Just 4 Days

    Vail Resorts, Inc. (NYSE:MTN) is about to trade ex-dividend in the next 4 days. You can purchase shares before the...

  • Vail Resorts, Inc. Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
    Simply Wall St.

    Vail Resorts, Inc. Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

    Investors in Vail Resorts, Inc. (NYSE:MTN) had a good week, as its shares rose 2.6% to close at US$242 following the...

  • 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

  • Vail Resorts (MTN) Posts Narrower-Than-Expected Loss in Q1
    Zacks

    Vail Resorts (MTN) Posts Narrower-Than-Expected Loss in Q1

    Vail Resorts (MTN) first-quarter fiscal 2020 results gain from growth in each segment. The company also benefited from the robust Epic Australia Pass sales.

  • Is Vail Resorts, Inc. (NYSE:MTN) A Great Dividend Stock?
    Simply Wall St.

    Is Vail Resorts, Inc. (NYSE:MTN) A Great Dividend Stock?

    Dividend paying stocks like Vail Resorts, Inc. (NYSE:MTN) tend to be popular with investors, and for good reason...

  • Vail Resorts (MTN) Reports Q1 Loss, Tops Revenue Estimates
    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?

  • 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 ...