Q3 2017 EPS Estimates for Six Flags Entertainment Corporation New Lowered by SunTrust Banks (NYSE:SIX)

Six Flags Entertainment Corporation New (NYSE:SIX) – Equities research analysts at SunTrust Banks dropped their Q3 2017 earnings per share estimates for Six Flags Entertainment Corporation New in a research note issued on Wednesday. SunTrust Banks analyst M. Swartz now forecasts that the company will post earnings of $1.82 per share for the quarter, down from their prior forecast of $1.88. SunTrust Banks currently has a “Buy” rating and a $66.00 price objective on the stock.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.11. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The business had revenue of $422.37 million during the quarter, compared to analyst estimates of $438.04 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis.

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A number of other research analysts have also weighed in on the stock. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Six Flags Entertainment Corporation New in a research note on Thursday, April 13th. Hilliard Lyons lowered shares of Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $69.00 price target on shares of Six Flags Entertainment Corporation New in a research report on Monday, May 1st. ValuEngine raised shares of Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wedbush dropped their price target on shares of Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $66.55.

Shares of Six Flags Entertainment Corporation New (SIX) opened at 56.87 on Monday. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 52.85 and a beta of 1.15. Six Flags Entertainment Corporation New has a 52 week low of $47.61 and a 52 week high of $65.19. The firm has a 50-day moving average of $58.55 and a 200 day moving average of $59.84.

Several institutional investors have recently bought and sold shares of SIX. Avenir Corp increased its position in Six Flags Entertainment Corporation New by 0.6% in the first quarter. Avenir Corp now owns 5,880 shares of the company’s stock valued at $350,000 after buying an additional 35 shares during the last quarter. Banced Corp boosted its position in shares of Six Flags Entertainment Corporation New by 0.5% in the second quarter. Banced Corp now owns 7,752 shares of the company’s stock valued at $462,000 after buying an additional 38 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Six Flags Entertainment Corporation New by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 34,029 shares of the company’s stock valued at $2,024,000 after buying an additional 151 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Six Flags Entertainment Corporation New by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,603 shares of the company’s stock valued at $1,047,000 after buying an additional 153 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Six Flags Entertainment Corporation New by 6.2% in the second quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock valued at $159,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 87.07% of the company’s stock.

Six Flags Entertainment Corporation New Company Profile

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.

Earnings History and Estimates for Six Flags Entertainment Corporation New (NYSE:SIX)

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