Brokerages Anticipate Six Flags Entertainment Corp (SIX) to Announce $0.28 EPS

Equities research analysts expect that Six Flags Entertainment Corp (NYSE:SIX) will announce earnings per share of $0.28 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 $0.40 and the lowest estimate coming in at $0.16. Six Flags Entertainment reported earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 86.7%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Six Flags Entertainment will report full-year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.47 to $2.71. For the next financial year, analysts anticipate that the business will post earnings of $2.89 per share, with EPS estimates ranging from $2.65 to $3.21. 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 announced its quarterly earnings data on Tuesday, October 23rd. The company reported $2.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.16). Six Flags Entertainment had a net margin of 20.30% and a negative return on equity of 35.16%. The company had revenue of $619.82 million during the quarter, compared to analyst estimates of $633.03 million.

Several brokerages have recently issued reports on SIX. SunTrust Banks decreased their price target on Six Flags Entertainment to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. B. Riley decreased their price target on Six Flags Entertainment from $81.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Oppenheimer set a $80.00 price target on Six Flags Entertainment and gave the company a “buy” rating in a research note on Thursday, November 15th. ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Wedbush set a $55.00 price target on Six Flags Entertainment and gave the company a “hold” rating in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.63.

Shares of SIX traded down $0.45 during midday trading on Friday, hitting $57.58. The company’s stock had a trading volume of 1,096,317 shares, compared to its average volume of 1,031,104. Six Flags Entertainment has a one year low of $51.91 and a one year high of $73.38. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 27.03 and a beta of 1.26.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 29th will be paid a $0.82 dividend. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $3.28 annualized dividend and a dividend yield of 5.70%. Six Flags Entertainment’s dividend payout ratio (DPR) is presently 153.99%.

Several institutional investors and hedge funds have recently modified their holdings of SIX. Castleark Management LLC bought a new stake in Six Flags Entertainment during the 2nd quarter worth $123,000. First Hawaiian Bank bought a new stake in Six Flags Entertainment during the 3rd quarter worth $197,000. CIBC Asset Management Inc bought a new stake in Six Flags Entertainment during the 2nd quarter worth $202,000. Laurion Capital Management LP bought a new stake in Six Flags Entertainment during the 3rd quarter worth $202,000. Finally, Independent Advisor Alliance bought a new stake in Six Flags Entertainment during the 3rd quarter worth $220,000. Institutional investors own 96.43% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags brand 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 20 parks, including 17 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

Recommended Story: Float

Get a free copy of the Zacks research report on Six Flags Entertainment (SIX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Six Flags Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit