Zacks: Analysts Expect SeaWorld Entertainment Inc (NYSE:SEAS) Will Announce Quarterly Sales of $493.12 Million

Equities analysts forecast that SeaWorld Entertainment Inc (NYSE:SEAS) will post $493.12 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for SeaWorld Entertainment’s earnings, with estimates ranging from $486.00 million to $499.84 million. SeaWorld Entertainment posted sales of $483.18 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The business is scheduled to issue its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that SeaWorld Entertainment will report full-year sales of $1.41 billion for the current year, with estimates ranging from $1.40 billion to $1.41 billion. For the next year, analysts forecast that the company will report sales of $1.45 billion, with estimates ranging from $1.40 billion to $1.49 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow SeaWorld Entertainment.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.52 by $0.12. SeaWorld Entertainment had a net margin of 7.24% and a return on equity of 45.30%. The business had revenue of $406.00 million for the quarter, compared to analyst estimates of $411.77 million. During the same period in the previous year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year.

A number of research analysts have issued reports on SEAS shares. Bank of America set a $22.00 target price on shares of SeaWorld Entertainment and gave the company a “sell” rating in a report on Tuesday, September 17th. Zacks Investment Research upgraded shares of SeaWorld Entertainment from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Saturday, August 10th. B. Riley set a $36.00 target price on shares of SeaWorld Entertainment and gave the company a “buy” rating in a report on Monday, July 8th. ValuEngine lowered shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, TheStreet upgraded shares of SeaWorld Entertainment from a “c” rating to a “b-” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.71.

NYSE:SEAS traded up $0.82 on Thursday, reaching $26.98. The stock had a trading volume of 1,272,631 shares, compared to its average volume of 1,727,677. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 2.32 and a beta of 1.17. The company has a debt-to-equity ratio of 12.28, a current ratio of 0.34 and a quick ratio of 0.25. The firm’s fifty day moving average is $28.87 and its two-hundred day moving average is $28.55. SeaWorld Entertainment has a 12-month low of $21.36 and a 12-month high of $34.72.

In other news, insider Marc Swanson sold 5,827 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $29.98, for a total transaction of $174,693.46. Following the transaction, the insider now directly owns 113,962 shares in the company, valued at approximately $3,416,580.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atria Investments LLC acquired a new stake in SeaWorld Entertainment during the 2nd quarter worth approximately $341,000. Nomura Holdings Inc. increased its position in SeaWorld Entertainment by 748.4% during the 2nd quarter. Nomura Holdings Inc. now owns 143,133 shares of the company’s stock worth $4,404,000 after purchasing an additional 126,262 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in SeaWorld Entertainment during the 2nd quarter worth approximately $65,220,000. Intrinsic Edge Capital Management LLC increased its position in SeaWorld Entertainment by 9.2% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 541,277 shares of the company’s stock worth $16,780,000 after purchasing an additional 45,387 shares in the last quarter. Finally, Maverick Capital Ltd. increased its position in SeaWorld Entertainment by 100.2% during the 2nd quarter. Maverick Capital Ltd. now owns 59,220 shares of the company’s stock worth $1,836,000 after purchasing an additional 29,640 shares in the last quarter.

About SeaWorld Entertainment

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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Earnings History and Estimates for SeaWorld Entertainment (NYSE:SEAS)

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