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.
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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