Cedar Fair (NYSE:FUN) Releases Earnings Results, Beats Estimates By $0.25 EPS

Cedar Fair (NYSE:FUN) issued its quarterly earnings data on Wednesday. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.25, Briefing.com reports. Cedar Fair had a net margin of 9.29% and a negative return on equity of 1,151.68%. The firm had revenue of $436.19 million for the quarter, compared to the consensus estimate of $410.86 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year.

NYSE:FUN opened at $51.96 on Friday. The stock has a market cap of $2.81 billion, a P/E ratio of 17.21, a PEG ratio of 2.18 and a beta of 0.51. Cedar Fair has a twelve month low of $45.58 and a twelve month high of $56.58. The company has a debt-to-equity ratio of 51.13, a quick ratio of 0.49 and a current ratio of 0.63. The stock’s 50 day moving average is $49.40.

A number of brokerages have recently issued reports on FUN. Zacks Investment Research raised shares of Cedar Fair from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. ValuEngine raised shares of Cedar Fair from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, B. Riley set a $60.00 price objective on shares of Cedar Fair and gave the stock a “buy” rating in a research report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $57.75.

A number of large investors have recently added to or reduced their stakes in FUN. American Century Companies Inc. bought a new position in shares of Cedar Fair in the 4th quarter valued at $2,256,000. Deutsche Bank AG lifted its stake in shares of Cedar Fair by 146.1% in the 4th quarter. Deutsche Bank AG now owns 166,750 shares of the company’s stock valued at $7,887,000 after acquiring an additional 99,000 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Cedar Fair in the 1st quarter valued at $695,000. Mondrian Investment Partners LTD lifted its stake in shares of Cedar Fair by 4.0% in the 1st quarter. Mondrian Investment Partners LTD now owns 85,820 shares of the company’s stock valued at $4,516,000 after acquiring an additional 3,324 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in shares of Cedar Fair by 34.7% in the 1st quarter. Brookstone Capital Management now owns 12,503 shares of the company’s stock valued at $658,000 after acquiring an additional 3,219 shares during the last quarter. 51.64% of the stock is currently owned by institutional investors.

Cedar Fair Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. The company operates approximately 11 amusement parks, 2 outdoor water parks, 1 indoor water park, and 4 hotels. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Canada; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Dorney Park & Wildwater Kingdom in Allentown, Pennsylvania; Kings Dominion located near Richmond, Virginia; California's Great America located in Santa Clara, California; Valleyfair located near Minneapolis/St.

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Earnings History for Cedar Fair (NYSE:FUN)

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