NEW YORK (TheStreet) -- Shares of Vail Resorts Inc. (MTN) are down 2.18% to $85.28 after the company reported its fiscal fourth quarter earnings that showed a larger net loss from last year but higher revenues than analyst estimates. The company's fiscal fourth quarter ended July 31, and therefore does not run during the ski season.
The ski resort and luxury resort hotel owner recorded a net loss of $75.4 million, or $2.08 per share, compared to a $59.9 million loss, or $1.67 a share, a year ago. Vail's revenues rose 21% to $135.5 from last year, which beat the $127.1 million analyst expectation, according to Dividend.com.
Barclays analyst Felicia Hendrix said, "Vail's continued season pass sales momentum and its previously announced Park City Mountain Resort acquisition support strong growth expectations for fiscal year 2015 and beyond." She has an "overweight" rating on the stock with a $93 price target.
Watch the video below for a closer look at Vail Resort's latest quarterly results:
TheStreet Ratings team rates VAIL RESORTS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate VAIL RESORTS INC (MTN) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
- You can view the full analysis from the report here: MTN Ratings Report