Wall Street brokerages expect that Six Flags Entertainment Corp (NYSE:SIX) will report earnings of $0.12 per share for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Six Flags Entertainment’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.06. Six Flags Entertainment reported earnings of $0.02 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 500%. The company is expected to report its next quarterly earnings results before the market opens on Tuesday, February 20th.
According to Zacks, analysts expect that Six Flags Entertainment will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.06 to $2.20. For the next financial year, analysts anticipate that the company will post earnings of $2.29 per share, with EPS estimates ranging from $1.76 to $2.61. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Six Flags Entertainment.
Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.31. Six Flags Entertainment had a net margin of 13.24% and a negative return on equity of 47.41%. The company had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s revenue was up 4.1% on a year-over-year basis.
A number of brokerages have recently issued reports on SIX. B. Riley reaffirmed a “buy” rating on shares of Six Flags Entertainment in a research note on Wednesday, November 1st. Wedbush set a $76.00 price objective on shares of Six Flags Entertainment and gave the company a “buy” rating in a research note on Monday, January 8th. SunTrust Banks reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Six Flags Entertainment in a research note on Friday, October 27th. FBR & Co reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Six Flags Entertainment in a research note on Monday, September 25th. Finally, Zacks Investment Research lowered shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $67.44.
In related news, Chairman James Reid-Anderson sold 78,614 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $66.32, for a total transaction of $5,213,680.48. Following the completion of the sale, the chairman now directly owns 3,520,146 shares in the company, valued at approximately $233,456,082.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 281,139 shares of company stock valued at $18,706,366 over the last quarter. 6.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Six Flags Entertainment by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after purchasing an additional 225 shares in the last quarter. Mariner Wealth Advisors LLC raised its holdings in Six Flags Entertainment by 6.0% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 5,245 shares of the company’s stock worth $313,000 after purchasing an additional 298 shares in the last quarter. Prudential Financial Inc. raised its holdings in Six Flags Entertainment by 6.8% in the 2nd quarter. Prudential Financial Inc. now owns 4,690 shares of the company’s stock worth $280,000 after purchasing an additional 300 shares in the last quarter. Advisor Group Inc. raised its holdings in Six Flags Entertainment by 3.5% in the 2nd quarter. Advisor Group Inc. now owns 18,980 shares of the company’s stock worth $1,102,000 after purchasing an additional 633 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Six Flags Entertainment by 13.4% in the 3rd quarter. Park Avenue Securities LLC now owns 6,768 shares of the company’s stock worth $411,000 after purchasing an additional 802 shares in the last quarter. Institutional investors and hedge funds own 99.45% of the company’s stock.
Shares of Six Flags Entertainment (SIX) traded up $0.32 during trading on Friday, hitting $67.29. 459,857 shares of the stock were exchanged, compared to its average volume of 793,637. Six Flags Entertainment has a 12 month low of $51.25 and a 12 month high of $69.00. The stock has a market cap of $5,640.00, a PE ratio of 32.20, a price-to-earnings-growth ratio of 3.71 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of -3.53.
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About Six Flags Entertainment
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.
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