Equities analysts expect Six Flags Entertainment Corp (NYSE:SIX) to report earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Six Flags Entertainment’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.30. Six Flags Entertainment reported earnings of $0.93 per share in the same quarter last year, which would indicate a negative year over year growth rate of 62.4%. The company is expected to report its next earnings results on Thursday, February 13th.
According to Zacks, analysts expect that Six Flags Entertainment will report full-year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.70. For the next year, analysts forecast that the company will report earnings of $2.79 per share, with EPS estimates ranging from $2.56 to $3.08. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Six Flags Entertainment.
Six Flags Entertainment (NYSE:SIX) last released its earnings results on Tuesday, October 22nd. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.19). Six Flags Entertainment had a net margin of 18.02% and a negative return on equity of 38.61%. The firm had revenue of $621.18 million during the quarter, compared to the consensus estimate of $643.90 million. During the same period in the prior year, the business earned $2.16 earnings per share. Six Flags Entertainment’s quarterly revenue was up .2% compared to the same quarter last year.
Several brokerages recently issued reports on SIX. B. Riley upped their price target on Six Flags Entertainment from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. SunTrust Banks lowered their price target on shares of Six Flags Entertainment to $54.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Friday, October 25th. ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, KeyCorp restated a “buy” rating and issued a $57.00 price objective (down from $62.00) on shares of Six Flags Entertainment in a research report on Friday, October 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $60.33.
Shares of SIX traded down $0.07 during trading hours on Tuesday, hitting $42.62. The stock had a trading volume of 875,303 shares, compared to its average volume of 1,248,701. Six Flags Entertainment has a 1-year low of $40.72 and a 1-year high of $64.28. The firm has a 50 day simple moving average of $45.38 and a 200-day simple moving average of $51.07. The firm has a market capitalization of $3.68 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 2.49 and a beta of 0.93.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.83 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.32 annualized dividend and a dividend yield of 7.79%. Six Flags Entertainment’s payout ratio is 102.79%.
In other Six Flags Entertainment news, CEO Mike Spanos purchased 10,950 shares of the business’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $45.73 per share, for a total transaction of $500,743.50. Following the purchase, the chief executive officer now owns 10,950 shares of the company’s stock, valued at approximately $500,743.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jon L. Luther bought 2,175 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $45.88 per share, for a total transaction of $99,789.00. Following the purchase, the director now directly owns 63,417 shares in the company, valued at approximately $2,909,571.96. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 18,787 shares of company stock valued at $850,397. 5.90% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. JS Capital Management LLC acquired a new stake in shares of Six Flags Entertainment during the third quarter worth $323,000. Man Group plc increased its holdings in Six Flags Entertainment by 190.5% in the 3rd quarter. Man Group plc now owns 113,052 shares of the company’s stock worth $5,742,000 after buying an additional 74,130 shares during the period. Squarepoint Ops LLC purchased a new position in Six Flags Entertainment during the 3rd quarter worth approximately $8,816,000. Public Employees Retirement System of Ohio lifted its stake in Six Flags Entertainment by 1.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 24,252 shares of the company’s stock valued at $1,232,000 after acquiring an additional 463 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in Six Flags Entertainment by 648.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 52,849 shares of the company’s stock valued at $2,684,000 after acquiring an additional 45,790 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
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