KeyCorp Weighs in on Six Flags Entertainment Corp’s Q1 2019 Earnings (SIX)

Six Flags Entertainment Corp (NYSE:SIX) – Equities research analysts at KeyCorp issued their Q1 2019 earnings estimates for shares of Six Flags Entertainment in a research note issued on Wednesday, January 9th. KeyCorp analyst B. Andress expects that the company will earn ($0.71) per share for the quarter. KeyCorp has a “Overweight” rating and a $69.00 price target on the stock. KeyCorp also issued estimates for Six Flags Entertainment’s Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $2.13 EPS and Q4 2019 earnings at $0.40 EPS.

Several other research analysts have also issued reports on the company. Oppenheimer set a $80.00 price objective on Six Flags Entertainment and gave the stock a “buy” rating in a research note on Wednesday, October 24th. SunTrust Banks dropped their target price on Six Flags Entertainment to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. B. Riley reduced their target price on Six Flags Entertainment from $81.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Berenberg Bank began coverage on Six Flags Entertainment in a research report on Wednesday, December 12th. They set a “buy” rating and a $70.00 target price for the company. Finally, Zacks Investment Research raised Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $68.78.



SIX opened at $60.88 on Friday. Six Flags Entertainment has a 1-year low of $49.79 and a 1-year high of $73.38. The company has a market capitalization of $5.08 billion, a PE ratio of 28.58 and a beta of 1.24.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Tuesday, October 23rd. The company reported $2.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.16). The company had revenue of $619.82 million for the quarter, compared to analyst estimates of $633.03 million. Six Flags Entertainment had a negative return on equity of 35.16% and a net margin of 20.30%.

Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Six Flags Entertainment by 4.6% during the fourth quarter. State of Alaska Department of Revenue now owns 14,980 shares of the company’s stock worth $833,000 after buying an additional 661 shares during the period. Retirement Systems of Alabama boosted its position in Six Flags Entertainment by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 201,433 shares of the company’s stock worth $11,206,000 after acquiring an additional 704 shares during the last quarter. Redwood Investment Management LLC boosted its holdings in Six Flags Entertainment by 1.3% in the 3rd quarter. Redwood Investment Management LLC now owns 71,537 shares of the company’s stock valued at $4,995,000 after purchasing an additional 906 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Six Flags Entertainment by 1.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 100,820 shares of the company’s stock worth $7,039,000 after acquiring an additional 1,015 shares during the last quarter. Finally, WealthPLAN Partners LLC lifted its holdings in shares of Six Flags Entertainment by 19.7% in the 3rd quarter. WealthPLAN Partners LLC now owns 6,496 shares of the company’s stock worth $380,000 after acquiring an additional 1,070 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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