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Pursuit Attractions and Hospitality (PRSU)
NYSE:PRSU
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Pursuit Attractions and Hospitality (PRSU) AI Stock Analysis

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PRSU

Pursuit Attractions and Hospitality

(NYSE:PRSU)

Rating:69Neutral
Price Target:
$39.00
▲(6.32% Upside)
Pursuit Attractions and Hospitality's overall stock score reflects a mix of financial challenges and strong growth prospects. The company's financial performance is a concern due to inconsistent revenue and cash flow, but technical indicators and valuation suggest potential upside. The positive earnings call and strategic acquisition further bolster the stock's outlook, highlighting a robust growth strategy and market expansion.

Pursuit Attractions and Hospitality (PRSU) vs. SPDR S&P 500 ETF (SPY)

Pursuit Attractions and Hospitality Business Overview & Revenue Model

Company DescriptionPursuit Attractions and Hospitality, Inc., an attraction and hospitality company, owns and operates hospitality destinations in the United States, Canada, and Iceland. It operates various attractions and lodges with restaurants, retail, and transportation facilities. The company was formerly known as Viad Corp and changed its name to Pursuit Attractions and Hospitality, Inc. in January 2025. Pursuit Attractions and Hospitality, Inc. was founded in 1926 and is headquartered in Scottsdale, Arizona.
How the Company Makes MoneyPursuit Attractions and Hospitality generates revenue through multiple streams, primarily from ticket sales for attractions and experiences, hotel bookings, and food and beverage services. The company also benefits from partnerships with local businesses and tourism boards, which help to drive traffic to its sites and enhance its offerings. Additionally, PRSU may engage in seasonal promotions and packaged deals that combine lodging and attraction access, further boosting sales. The integration of online booking systems allows for efficient customer acquisition and retention, contributing to steady revenue growth.

Pursuit Attractions and Hospitality Earnings Call Summary

Earnings Call Date:Aug 06, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Positive
The earnings call demonstrated a strong performance with significant growth in revenue and adjusted EBITDA, driven by both organic growth and strategic acquisitions. The company successfully completed a strategic acquisition in Costa Rica, raised its full year guidance, and showed strong market indicators. However, there was a notable decline in net income due to previous asset sales, and a non-cash charge related to a legacy pension. Overall, the highlights significantly outweigh the lowlights.
Q2-2025 Updates
Positive Updates
Double-Digit Year-Over-Year Growth
The company delivered double-digit year-over-year growth across revenue, income from continuing operations, and adjusted EBITDA. Revenue for the second quarter was $116.7 million, up approximately 15% year-over-year, and adjusted EBITDA increased by nearly 50%.
Successful Strategic Acquisition
Completed the acquisition of Tabacon Thermal Resort & Spa in Costa Rica, expanding geographic and seasonal diversification. The acquisition is expected to lower the adjusted EBITDA multiple below 9x by year 3.
Raised Full Year Guidance
Based on strong demand and recent acquisition impacts, the company raised its full year adjusted EBITDA guidance by $10 million, with substantial growth expected relative to 2024.
Strong Attractions Performance
Attraction ticket revenue reached $53.2 million, reflecting a 22% year-over-year increase driven by higher ticket prices and increased visitors. Same-store constant currency effective ticket pricing grew by 11% compared to 2024.
Positive Market Indicators
Room booking pace for 2025 is up 6% year-over-year in the U.S. and 25% in Canada, indicating strong perennial demand across locations.
Negative Updates
Net Income Decline
Net income attributable to Pursuit was $5.6 million, compared to $29.3 million in the prior year, primarily due to the sale of GES in 2024.
Legacy Pension Termination Charge
The company incurred a largely non-cash pretax charge of approximately $5.4 million due to the termination of a legacy pension.
Company Guidance
During Pursuit's 2025 Second Quarter Earnings Conference Call, the company reported significant year-over-year growth metrics, including a 15% increase in revenue to $116.7 million and a nearly 50% rise in adjusted EBITDA to $29.7 million. The growth was attributed to double-digit increases in both visitors and revenue per visitor, driven by strong demand for the company's unique guest experiences. Pursuit's Refresh, Build, Buy strategy continues to yield substantial returns, highlighted by the recent acquisition of Tabacon Thermal Resort & Spa in Costa Rica. This acquisition supports the company’s strategic expansion and has contributed to the upward revision of their full-year guidance, with anticipated double-digit growth in both revenue and adjusted EBITDA. The company also highlighted the strong performance of its attractions, particularly the Banff Gondola and Sky Lagoon, as key drivers of their favorable financial results, while maintaining cost discipline and leveraging operating efficiencies to ensure sustainable growth.

Pursuit Attractions and Hospitality Financial Statement Overview

Summary
Pursuit Attractions and Hospitality displays a mixed financial performance with signs of recovery in profitability, yet faces challenges in operational efficiency and cash flow stability. The balance sheet shows improved leverage but retains potential risks due to low equity ratios.
Income Statement
45
Neutral
The company has shown significant volatility in its financial performance. There was a notable reduction in revenue from 2023 to 2024, which affected its gross profit margin and net profit margin. The EBIT and EBITDA margins have also shown inconsistency, reflecting operational inefficiency. The company transitioned from losses to profits, displaying some recovery but with significant room for improvement in profitability and stability.
Balance Sheet
50
Neutral
The balance sheet shows a low debt-to-equity ratio due to a substantial increase in stockholders' equity in 2024, which suggests a healthier leverage position. However, the equity ratio remains relatively low, indicating potential risks related to asset financing. The return on equity has improved significantly, driven by the substantial net income in 2024, but historical performance has been weak, highlighting the need for sustained improvement.
Cash Flow
40
Negative
The cash flow statement reveals significant fluctuation in free cash flow, with marginal growth in 2024 compared to previous years. The operating cash flow to net income ratio indicates some stability in cash generation, but the overall cash flow management remains a concern with inconsistent free cash flow to net income ratios, suggesting challenges in converting profits into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue-131.22M366.49M350.29M299.33M507.34M415.44M
Gross Profit138.73M40.56M53.44M24.10M-46.93M-116.17M
EBITDA-48.42M11.71M71.17M40.71M-13.01M-286.41M
Net Income338.86M368.54M16.02M23.22M-92.66M-374.09M
Balance Sheet
Total Assets893.10M845.01M1.14B1.09B1.04B853.22M
Cash, Cash Equivalents and Short-Term Investments24.74M49.70M27.43M59.72M61.60M39.55M
Total Debt124.73M112.73M490.06M584.70M565.24M379.54M
Total Liabilities270.97M228.32M999.97M988.55M940.35M673.90M
Stockholders Equity528.36M525.83M43.43M14.53M6.28M95.95M
Cash Flow
Free Cash Flow-15.22M718.00K18.33M-5.08M-95.79M-133.81M
Operating Cash Flow31.41M56.95M80.77M51.82M-37.85M-80.25M
Investing Cash Flow385.19M369.10M-62.48M-82.26M-51.80M-6.77M
Financing Cash Flow-413.93M-399.07M-34.14M-3.28M107.89M66.29M

Pursuit Attractions and Hospitality Technical Analysis

Technical Analysis Sentiment
Positive
Last Price36.68
Price Trends
50DMA
31.33
Positive
100DMA
30.42
Positive
200DMA
35.62
Positive
Market Momentum
MACD
1.58
Negative
RSI
66.77
Neutral
STOCH
85.97
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PRSU, the sentiment is Positive. The current price of 36.68 is above the 20-day moving average (MA) of 33.47, above the 50-day MA of 31.33, and above the 200-day MA of 35.62, indicating a bullish trend. The MACD of 1.58 indicates Negative momentum. The RSI at 66.77 is Neutral, neither overbought nor oversold. The STOCH value of 85.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PRSU.

Pursuit Attractions and Hospitality Risk Analysis

Pursuit Attractions and Hospitality disclosed 26 risk factors in its most recent earnings report. Pursuit Attractions and Hospitality reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Pursuit Attractions and Hospitality Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$3.04B39.164.30%2.09%3.52%-67.27%
74
Outperform
$3.13B21.647.15%0.79%4.18%18.93%
70
Outperform
$881.55M82.722.78%-35.28%-90.34%
69
Neutral
$1.04B3.19-44.30%-49.92%3773.09%
67
Neutral
$10.36B29.2012.00%1.07%-0.06%3.83%
61
Neutral
$17.75B12.51-5.49%3.06%1.43%-14.10%
60
Neutral
$1.39B436.123.03%-2.99%-72.13%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
PRSU
Pursuit Attractions and Hospitality
36.68
2.52
7.38%
ABM
ABM Industries
48.89
-5.97
-10.88%
UNF
UniFirst
175.75
-10.92
-5.85%
ARMK
ARAMARK Holdings
39.43
4.14
11.73%
BV
BrightView Holdings
14.61
-1.00
-6.41%
TH
Target Hospitality
8.88
-0.69
-7.21%

Pursuit Attractions and Hospitality Corporate Events

M&A TransactionsBusiness Operations and Strategy
Pursuit Completes Acquisition of Costa Rican Resort
Positive
Jul 8, 2025

On July 1, 2025, Pursuit Attractions and Hospitality, Inc. completed the acquisition of Inversiones Turísticas Arenal, S.A., the owner and operator of Tabacón Thermal Resort and Spa in Costa Rica, for $111.0 million. This strategic acquisition, funded through the company’s revolving credit facility, is expected to enhance Pursuit’s portfolio and strengthen its market position in the hospitality sector.

The most recent analyst rating on (PRSU) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on Pursuit Attractions and Hospitality stock, see the PRSU Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Pursuit Attractions Appoints New Chief Accounting Officer
Neutral
May 27, 2025

Pursuit Attractions and Hospitality, Inc. announced the appointment of Michael Bosco as the new Senior Vice President and Chief Accounting Officer, effective July 1, 2025. Bosco, who has an extensive background at Vail Resorts, will replace Leslie Striedel. His compensation package includes a base salary, cash incentive bonus, and equity awards. On May 22, 2025, the company held its annual meeting where shareholders elected directors and ratified Deloitte & Touche LLP as the independent accounting firm for 2025. Shareholders also approved executive compensation.

The most recent analyst rating on (PRSU) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on Pursuit Attractions and Hospitality stock, see the PRSU Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 14, 2025